Barry Silbert Launches Yuma for AI and Crypto Investments
Barry Silbert, a leading figure in crypto, has launched a new venture called Yuma. This firm will invest in crypto and artificial intelligence (AI) projects. The launch marks Silbert’s return to the digital asset market after challenges with his company, Digital Currency Group (DCG).
According to a Bloomberg report, Yuma Asset Management operates under DCG’s Yuma division. The company started soon after Donald Trump returned to office. It aims to bring fresh energy to the digital asset space.
Investing in AI and Crypto on the Bittensor Network
Yuma will invest in small startups building AI infrastructure on the Bittensor network. Developers on this network earn cryptocurrency, mainly Bittensor’s TAO token.
Silbert said in an interview, “I’ve not been as excited about anything since Bitcoin as I am about Bittensor.” DCG has provided Yuma with $10 million in initial capital. The firm hopes to attract more investors willing to take risks for high rewards.
Simple Investment Funds for Digital Projects
Yuma plans to offer two investment funds modeled after well-known stock indexes. One will resemble the Nasdaq, and the other the Dow Jones Industrial Average. Instead of stocks, these funds will invest in digital projects on Bittensor, called “subnets.”
Silbert said, “We’re delivering investment exposure in a way that’s familiar and easy to understand, easy to access for institutions.” Yuma will use a traditional fund structure to simplify participation for large investors.
Silbert’s Return After Crypto Winter
The Bittensor network, valued at about $3 billion, helps developers create AI tools for real-world problems. Silbert highlighted BitMind, a project that detects digital deep fakes, as a success. He noted many crypto firms are just “riding the AI hype train,” while Yuma focuses on useful technology.
This launch marks Silbert’s comeback after a difficult period during the “crypto winter.” Following the 2022 FTX collapse, DCG faced layoffs, investigations, and declining investments. With the crypto market improving under President Trump’s friendlier policies, Silbert is ready to rebuild. “I put my business-building jersey back on and I’m the CEO of Yuma,” he said.
