Yuma Launches Bittensor Asset Management with $10M DCG Backing for TAO Subnet Tokens

Yuma, the decentralized AI development studio for Bittensor created by Digital Currency Group's Barry Silbert, has launched Yuma Asset Management to provide institutional and accredited investors with streamlined access to the deAI ecosystem. Backed by a $10 million anchor investment from DCG, the new platform features two specialized fund strategies investing in subnet tokens - the protocol-native crypto assets of Bittensor's decentralized networks that are denominated and traded in TAO token. The Yuma Subnet Composite Fund offers market-cap weighted exposure across all active subnets, functioning as a "NASDAQ Composite" for subnet tokens, while the Yuma Large Cap Subnet Fund provides targeted exposure to top subnets by market capitalization, similar to the "Dow Jones Industrial Average." Bittensor, powered by its native TAO cryptocurrency, operates as a decentralized network that rewards contributors for providing data and computing power across various AI applications through specialized subnets covering functions from text translation and fraud detection to complex protein structure prediction. DCG noted that accessing Bittensor remains challenging for most investors, mirroring the difficulty of investing in major AI companies like OpenAI and Anthropic that remain private. Yuma Asset Management aims to bridge this gap, following a similar pattern to Silbert's 2013 launch of Bitcoin Investment Trust, which evolved into Grayscale's GBTC product. "Subnet tokens represent an emerging asset class fueled by TAO that provides unprecedented exposure to AI innovation," stated Yuma CEO Barry Silbert. "Decentralized AI has Bitcoin-level transformative potential, and we're opening institutional access through Bittensor."