Yuma, a subsidiary of Digital Currency Group (DCG) focused on decentralized artificial intelligence (AI), has appointed veteran crypto founders Greg Schvey and Jeff Schvey as its new chief operating officer and chief technology officer, respectively, the company said in a Tuesday press release.
The employees mark a key expansion for Yuma as it scales operations on the Bittensor network, including validator, mining and subnet accelerator initiatives, and prepares to launch an asset management division, the company said.
The Schvey Brothers are best known for co-founding TradeBlock, an institutional cryptocurrency and portfolio data management platform acquired by DCG, and Axoni, a blockchain infrastructure company serving traditional financial markets. Axoni’s largest business unit was acquired by the London Stock Exchange Group (LSEG) in 2024. DCG was an early investor in both companies.
“Greg and Jeff are proven leaders who bring a rare combination of experience in the institutional infrastructure and startup arena, combined with hands-on experience at Bittensor,” said Barry Silbert, founder and CEO of Yuma and DCG, at the launch. “His leadership will be critical as Yuma powers the next era of decentralized AI.”
Founded in November 2024, Yuma has become one of the largest contributors to Bittensor through its subnet accelerator, validator operations, and mining efforts.
This year, it onboarded eight institutional validator partners, including Bitgo, Copper, and Crypto.com, and supported the launch of eight subnets.
The addition of the Schvey brothers underscores Yuma’s ambitions to strengthen its infrastructure and expand institutional participation in decentralized AI, the firm said.
Read more: Bittensor’s Decentralized AI Studio, Yuma, Comes to the University of Connecticut
