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Barry Silbert’s Yuma Launches TAO-Denominated Funds for Bittensor Subnets

The DCG-backed vehicle gives accredited investors a structured path into decentralized AI through funds tied to Bittensor’s TAO economy.

Overview

  • Digital Currency Group anchored the launch with a $10 million investment, backing Yuma Asset Management’s entry into decentralized AI.
  • The Yuma Subnet Composite Fund offers market-cap weighted exposure across active subnets, while the Yuma Large Cap Subnet Fund targets the top subnets by size.
  • Both strategies invest in subnet tokens native to Bittensor’s contributor networks and are denominated in, and traded with, TAO.
  • The funds are marketed to institutions and accredited investors as an early bridge to a deAI ecosystem that is otherwise difficult to access.
  • Yuma CEO Barry Silbert called subnet tokens an emerging asset class and said he has not been as excited about anything since Bitcoin, signaling a return to productizing crypto exposure.