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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bears take over below $90K? 5 things to know in Bitcoin this week
How CFTC-regulated platforms such as CleanTrade are transforming clean energy into a new category of tradable assets
- CFTC-approved CleanTrade transforms clean energy derivatives into standardized, liquid assets via its SEF platform, unlocking $16B in trading volume within two months. - By standardizing VPPAs/RECs and offering real-time analytics, CleanTrade bridges sustainability and profitability for institutional investors seeking ESG-aligned opportunities. - Early adopters like Cargill leverage CleanTrade to hedge energy costs while addressing fragmented markets, accelerating a $125T global clean energy derivatives
The Emergence of a Vibrant Clean Energy Market: How REsurety's CleanTrade Platform is Transforming Institutional Investments and ESG Approaches
- REsurety's CleanTrade platform, CFTC-approved for clean energy swaps, is transforming the market by enabling institutional trading of renewable assets with liquidity and transparency. - It addresses historical illiquidity in VPPAs/RECs through standardized contracts and real-time pricing, reducing transaction times and enabling $16B in notional value within two months. - The platform integrates ESG metrics with financial analysis, supporting 84% of institutional investors' growing demand for decarbonizat
COAI's Significant Recent Drop: Should Investors See This as a Chance to Buy or a Cautionary Signal?
- COAI's sharp stock decline sparks debate over short-term volatility vs. structural risks in South Africa's coal sector. - Weak domestic coal supply chains, US tariffs, and governance gaps amplify operational risks for export-dependent COAI. - Unclear AI policy implementation and media credibility issues deepen investor skepticism about COAI's transparency and adaptability. - Structural challenges including infrastructure bottlenecks and low AI adoption rates suggest the decline may reflect systemic indus
Trending news
MoreCrypto prices
More
