Yuma, a subsidiary of Digital Currency Group (DCG) focused on decentralized artificial intelligence (IA), respectively appointed veteran founders of Greg Schvey and Jeff Schvey as new operating directors and technology director, the company announced in a press release on Tuesday.
These hires mark a key expansion for Yuma while it extends its operations through the Bittensor network, including validation, mining and subnet accelerator initiatives, and is preparing to launch an asset management division, said the company.
The Schvey brothers are best known for having co-founded Tradeblock, an institutional portfolio management and cryptographic data platform acquired by DCG, and Axoni, a blockchain infrastructure company at the service of traditional financial markets. The largest commercial unit in Axoni was acquired by the London Stock Exchange Group (LSEG) in 2024. DCG was one of the first investors in the two companies.
“Greg and Jeff are confirmed leaders who bring a rare mixture of experience in institutional infrastructure and startup courage, combined with a practical experience of Bittensor,” said Barry Silbert, founder and CEO of Yuma and DCG, in the press release. “Their leadership will be crucial while Yuma will propel the next era of decentralized AI.”
Founded in November 2024, Yuma has become one of the largest contributors to Bittensor thanks to its subnet accelerator, its validation operations and its extraction efforts.
This year, he joined eight institutional validators, including Bitgo, Copper and Crypto.com, and supported the launch of eight subnets.
The arrival of the Schvey brothers underlines Yuma’s ambitions to strengthen its infrastructure and to expand institutional participation in decentralized AI, the company said.
Find out more: Bittensor’s decentralized AI studio, Yuma, arrives at the University of Connecticut
