Yuma Launches Asset Management Arm for Bittensor’s Decentralized AI Network
Yuma, a development studio and accelerator for the decentralized AI network Bittensor, has launched Yuma Asset Management. This initiative aims to provide institutional and accredited investors with access to the deAI ecosystem.
Bittensor is a decentralized network that rewards participants for contributing data and computing power. It operates through "subnets," which handle various tasks like text translation and fraud detection. The network uses its native token, TAO, to enable permissionless AI innovation.
- Yuma Asset Management has received a $10 million anchor investment from Digital Currency Group (DCG).
- The management features two fund strategies focusing on subnet tokens, traded with TAO.
The Yuma Subnet Composite Fund offers market-cap weighted exposure across all active subnets, similar to the NASDAQ Composite. The Yuma Large Cap Subnet Fund provides targeted exposure to top subnets by market capitalization, akin to the Dow Jones Industrial Average.
This initiative parallels Silbert's early Bitcoin efforts, notably the launch of the Bitcoin Investment Trust in 2013. Yuma Asset Management serves as a bridge for institutions to access decentralized AI, which remains challenging due to private ownership of major AI firms.
Barry Silbert, Yuma CEO, highlighted subnet tokens as an emerging asset class driven by TAO, providing unique exposure to AI innovation, potentially transformative like Bitcoin.