'DCG subsidiary' Yuma launches asset management division…to invest in BitTensor subnet tokens
JH Kim
Summary
- Yuma announced the launch of 'Yuma Asset Management', an asset management division.
- The division said it will pursue two strategies to invest in BitTensor subnet tokens, backed by US$10 million from DCG.
- Yuma focuses on digital asset management and network investments, and said it will expand its business to strengthen ties with BitTensor.
On the 9th (local time), according to crypto-focused media The Block, Yuma, a subsidiary of Digital Currency Group (DCG), launched an asset management division, 'Yuma Asset Management (Yuma Asset Management)'.
The division plans to deploy two strategies to invest in BitTensor (BitTensor) subnet tokens with funding of US$10 million from DCG.
Yuma focuses on digital asset management and network investments within the DCG ecosystem, and the launch of this division is seen as a move to strengthen ties with BitTensor, an AI-based blockchain project.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)