Yuma launches $900M Bittensor fund for institutional TAO access

DCG-backed Yuma launched a fund offering institutional investors exposure to Bittensor's TAO token and its 128-subnet ecosystem valued at over $900 million.

"Most investment in AI is being funneled into a few, centralized incumbents that are now attempting to enter the public markets," Barry Silbert, founder and chief executive officer of Yuma and DCG, said. "Bittensor is the alternative: an open, decentralized network shaped by the builders and innovators on the leading edge of AI development."

The Yuma Total Market Fund provides exposure to both TAO, the native token of the Bittensor network, and its ecosystem of specialized subnets in a single strategy. It joins two existing vehicles — the Yuma Subnet Composite Fund and the Yuma Large Cap Subnet Fund — and has secured seed capital from an anchor investor at launch, the firm said June 25.

The fund arrives as decentralized AI protocols gain momentum after recent restrictions on Anthropic's models, and as asset managers expand TAO-related offerings. Bittensor's subnets cover areas including physical hardware, identity systems, data marketplaces, fraud detection, drug discovery and real-time video analysis, competing with centralized AI offerings on price and performance.

The Yuma Total Market Fund is the third strategy delivered through Yuma Asset Management, which provides Bittensor-focused, institutionally managed risk and execution within allocator-aligned structures, according to the firm. For many institutional portfolios, AI exposure today is concentrated in large-cap public equities or illiquid venture investments. The new fund targets asymmetric upside from the next wave of AI innovation outside traditional public and private markets, Yuma said.

Bittensor is an open-source, decentralized network that coordinates AI infrastructure and applications through specialized subnetworks. Each subnet focuses on a distinct AI product, with some competing with frontier models in industrial domains including drug discovery and real-time video analysis. The network currently supports 128 subnets with collective asset value exceeding $900 million, according to Yuma.

The launch signals growing institutional infrastructure for decentralized AI protocols, which offer an alternative to centralized AI developers facing increased regulatory scrutiny. Yuma, a subsidiary of Digital Currency Group, invests, validates, mines, researches and builds across the Bittensor network through staking infrastructure, subnet acceleration and institutional asset management.

This article is for informational purposes only and does not constitute investment advice.