In collaboration with the University of Austin (UATX), Unchained has established the first long-term endowment fund denominated in Bitcoin. The fund aims to secure $5 million, which will be invested in Bitcoin for at least five years.
Joseph Kelly, CEO and co-founder of Unchained, has contributed 2 bitcoins, valued at approximately $138,000, highlighting his confidence in Bitcoin’s transformative power and UATX’s progressive strategy.
The University of Austin is recognized for its emphasis on free speech and market integration, qualities that align with the principles of financial innovation through cryptocurrency. This partnership is poised to serve as a model for other institutions exploring resilient financial alternatives.
Unchained’s secure custody vault protects the university’s endowment fund, ensuring a stable investment. Additionally, the collaboration will be showcased at the Bitcoin Conference in Nashville, where UATX faculty will present their research, highlighting the educational benefits of this partnership.
UATX is not the only university investing in crypto. Meta Pool, a DAO specializing in multi-chain liquid staking, also partnered with the University of Zurich. This collaboration would enable Latin American students to study and gain insights into the crypto industry at the Blockchain Center.
Through seminars and workshops, Unchained and UATX are set to enhance the understanding of Bitcoin’s role in shaping the future of finance and technology, promoting broader academic integration of cryptocurrency.
