New $10M Fund Aims to Power Bittensor’s Growing AI Network

Yuma, a subsidiary of Digital Currency Group (DCG), is expanding its operations with the creation of a new asset management branch aimed at supporting the decentralized AI ecosystem built around Bittensor.

The company confirmed the launch on Thursday, backed by a $10 million commitment from its parent firm, DCG – one of the largest names in crypto investment.

The new venture, called Yuma Asset Management, will begin with two main investment vehicles dedicated to Bittensor’s subnet tokens. The first, the Yuma Subnet Composite Fund, will give investors exposure to all active subnets based on their market capitalization. The second, the Yuma Large Cap Subnet Fund, will focus specifically on the network’s biggest and most established subnets.

Bittensor itself operates as a decentralized blockchain network designed for collaborative machine learning and artificial intelligence development. It connects numerous independent “subnets,” where participants train and refine models together. Those contributing computational power to the system – such as miners and validators – are rewarded in Bittensor’s native cryptocurrency, TAO.

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Yuma, founded in late 2024, has already become an active player in the Bittensor ecosystem. The firm reported this week that it’s validating more than 120 subnets while also mining on others. It has supplied funding to 15 subnet operators and formed partnerships with established crypto custodians and infrastructure providers including BitGo, Copper, and Crypto.com, who now serve as validator collaborators.

Adding to its leadership strength, Yuma recently welcomed Greg and Jeff Schvey, the co-founders of TradeBlock, to its executive team. Greg will serve as Chief Operating Officer, while Jeff steps in as Chief Technology Officer – both bringing deep experience in digital asset data and infrastructure to guide Yuma’s next growth phase.