Yuma launches asset management division and secures $10 million investment from DCG
Jinse Finance reported that Yuman Asset Management, the asset management arm of the decentralized artificial intelligence (deAI) network Bittensor—founded by Barry Silbert of Digital Currency Group (DCG)—has now been launched to provide institutions and qualified investors with convenient access to the deAI ecosystem. Yuman Asset Management has received a $10 million anchor investment from DCG and has introduced two fund strategies for investing in subnet tokens. According to DCG, 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 is akin to a "Dow Jones Industrial Average" for subnet tokens, designed to offer targeted exposure to the largest subnets by market capitalization.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The U.S. Bureau of Labor Statistics will release the September CPI report during the government shutdown.
The US Dollar Index rose by 0.63% on the 9th.
Massachusetts Bitcoin Reserve Bill Hearing Receives Lukewarm Response