Unchained has announced its collaboration with the University of Austin to build a Bitcoin-based endowment.
“I’ve been very passionate about what UATX is building in Austin,” said Joseph Kelly, CEO and co-founder of Unchained, who has personally donated 2 BTC to kickstart this campaign. “I’ve seen the values the organization places on free speech and on building a modern academic institution that’s integrated with the marketplace, and I’m thrilled to play a role in helping the university make bitcoin a part of its long term strategy.”
Unchained, a Bitcoin financial services provider specializing in endowment funds and security management will hold the funds securely for five years. The endowment funds are to be held securely and managed by Unchained, a prominent Bitcoin financial services provider specializing in multisig Bitcoin vaults.
This partnership aims to integrate UATX into the Bitcoin community as a whole by working together on joint campaigns, debates, lectures and events.
“University endowments are about serving students, and bitcoin provides a unique opportunity for advancing UATX’s commitment to cultivating future generations of leaders and innovators,” Thomas Hogan, new associate professor, Center for Economics, Politics, and History, was present.
Founded in 2016, Unchained currently manages over $6 billion in Bitcoin, helping thousands of individuals and businesses hold their own Bitcoin keys through its collaborative custody model. According to a press release, The University of Austin (UofA) is a private nonprofit organization dedicated to the relentless pursuit of truth.
“Both UATX and the bitcoin community are building institutions for the future at a time when their respective worlds of higher education and financial services are captured by entrenched powers which limit freedoms through censorship,” Kelly added. “By choosing Unchained as a partner, the university is also signaling its assessment of bitcoin’s function as a freedom preserving technology, with our custody model helping to ensure there is no single point of failure to UATX’s long-term holdings.”
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Source: bitcoinmagazine.com
