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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.
Techub News, according to The Block, Digital Currency Group's decentralized AI subsidiary Yuma has appointed TradeBlock co-founders Greg Schvey and Jeff Schvey as Chief Operating Officer and Chief Technology Officer respectively. Yuma was established in November 2024, primarily providing validation, mining, and subnet services for the Bittensor network. It currently validates and mines on over 120 subnets and has provided funding support to 15 subnet operators.
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