In a groundbreaking partnership, Unchained and the University of Austin @uaustinorg are launching the first long-term endowment fund held in #bitcoin. https://unchained.com/uatx

Unchained and University of Austin Introduce Pioneering Bitcoin Endowment

In a groundbreaking partnership, Unchained and the University of Austin (UATX) are launching the first long-term endowment fund held in bitcoin. This innovative collaboration aims to raise $5 million, which will remain invested in bitcoin for at least five years. This initiative marks a significant step in integrating bitcoin into higher education, reflecting a mutual commitment to forward-thinking financial strategies.

Joseph Kelly, CEO and co-founder of Unchained, has kickstarted the initiative with a personal donation of 2 bitcoin ($138,000). Kelly’s involvement underscores his belief in the transformative potential of both bitcoin and the University of Austin. UATX is known for its commitment to free speech and integration with the marketplace, making this partnership a natural fit for its long-term vision. By incorporating bitcoin into its endowment, UATX is setting a precedent for other academic institutions to explore alternative and potentially more resilient financial models.

This endowment is more than just a financial investment; it’s a statement of shared values and a commitment to innovative thinking. UATX's willingness to embrace unorthodox ideas demonstrates its forward-thinking approach to education and finance. This partnership aims to foster stronger ties between the university and the bitcoin community through various potential initiatives, including joint marketing campaigns, events, guest lectures, and debates.

Unchained will donate a collaborative custody vault to store the endowment, ensuring its security. The firm’s robust custody model is expected to safeguard the bitcoin holdings, providing UATX with a reliable and secure investment vehicle. This collaboration is poised to bring significant benefits to both communities, leveraging the strengths of Unchained’s financial expertise and UATX’s innovative educational framework.