Yuma, a decentralized AI (deAI) network development studio and accelerator, Bittensor, created by Barry Silbert of Digital Currency Group, has introduced Yuman Asset Management, to allow institutional and accredited investors easy access to the deAI ecosystem.
Bittensor is a decentralized network for AI that rewards people for contributing data and computing power to a variety of activities in the form of distinct use-case-based entities called “subnetworks,” which can include things like text translation, fraud detection, image recognition, and more esoteric goals like predicting the structure of complex protein chains.
Powered by its native token, TAO, Bittensor aims to be the “World Wide Web” of AI, enabling permissionless AI innovation where anyone can build, feed, or access models across subnets, an alternative to centralized infrastructure or corporate-owned AI resources.
Yuma Asset Management, which comes with a $10 million anchor investment from DCG, presents two fund strategies that invest in subnetwork tokens, the native crypto assets of the protocol of these decentralized contributor networks, denominated and traded with TAO, according to a press release.
The Yuma Subnet Composite Fund, which is designed for market cap-weighted exposure across all active subnetworks, is similar to the “NASDAQ Composite” for subnetwork tokens, DCG said. The Yuma Large Cap Subnet Fund is similar to the “Dow Jones Industrial Average” for subnet tokens, designed for targeted exposure to the top subnets by market capitalization.
In the early days of Bitcoin, Silbert did something similar when he launched the Bitcoin Investment Trust in 2013, now Grayscale’s GBTC product. DCG believes it remains difficult for investors to access Bittensor, or for investors to access AI in general, given that larger AI companies like OpenAI and Anthropic are private. As such, Yuma Asset Management is providing an early and unique bridge to AI for institutions and accredited investors, DCG said.
“Subnetwork tokens are an emerging asset class, fueled by TAO, giving investors unprecedented exposure to a massive wave of AI innovation,” said Yuma CEO Barry Silbert. “The decentralized AI sector has the power to be as transformative as Bitcoin, and Yuma Asset Management is opening the door for investors to access it through Bittensor.”
