Digital Currency Group subsidiary Yuma launches asset management division with two flagship funds
Quick Take
- Yuma, which is focused on scaling the decentralized AI network Bittensor, is launching an asset management division.
- Yuma Asset Management will be anchored by a $10 million investment from DCG.
Digital Currency Group subsidiary Yuma, focused on scaling the decentralized AI network Bittensor, is launching an asset management division, according to an announcement on Thursday.
Yuma Asset Management will be anchored by a $10 million investment from DCG, the crypto investment giant.
According to the announcement, the asset manager will kick off with two flagship strategies that invest in Bittensor subnet tokens: the Yuma Subnet Composite Fund, designed for market-cap weighted exposure across all active subnets, and the Yuma Large Cap Subnet Fund, focused on larger subnets.
The Bittensor network is a decentralized, blockchain-based network that enables collaborative machine learning and AI model development across specialized subnets. The network rewards validators and miners in its native TAO token for contributing computational resources.
Yuma, founded in November 2024, said earlier this week it is "actively validating" over 120 subnets and mining on others. It has also "provided capital to 15 subnet operators" and has onboarded firms like BitGo, Copper, and Crypto.com as validator partners.
On Tuesday, TradeBlock’s co-founders Greg and Jeff Schvey, brothers, joined Yuma as chief operating officer and chief technology officer, respectively.
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