Decentralized AI accelerator Yuma launches asset management division and receives $10 million investment from DCG

Techub News: According to CoinDesk, Yuma, the development studio and accelerator for the decentralized artificial intelligence (deAI) network Bittensor founded by DCG CEO Barry Silbert, has now launched its asset management division, Yuma Asset Management. It has secured a $10 million anchor investment from DCG and introduced two fund strategies for investing in subnet tokens.

DCG stated that the Yuma Subnet Composite Fund aims to provide market-weighted exposure across all active subnets, similar to a "Nasdaq Composite Index" for subnet tokens. The Yuma Large-Cap Subnet Fund, akin to a "Dow Jones Industrial Average" for subnet tokens, is designed to offer targeted exposure to the largest subnets by market capitalization.