Yuma, a subsidiary of Digital Currency Group (DCG), which focused on decentralized artificial intelligence (AI), has appointed veteran -crypto founders Greg Schvey and Jeff Schvey for his new Chief Operating Officer and Chief Technology Officer, respectively, said the company in a press release on Tuesday.
The employment marks a key expansion for Yuma as it scales operations across the Bittensor network, including validator, mining and subnet accelerator initiatives, preparing to launch an asset management division, the company says.
Schvey Brothers is best known for founding Tradeblock, an institutional crypto data and portfolio management platform acquired by DCG, and Axoni, a blockchain infrastructure company serving traditional financial markets. Axoni’s largest business unit was acquired by the London Stock Exchange Group (LSEG) in 2024. DCG was an early investor in both ventures.
“Greg and Jeff are proven leaders who bring a rare mix of institutional infrastructure experience and starting grains, combined with practical experience in bittensor,” Barry Silbert, founder and CEO of Yuma and DCG, said in the release. “Their leadership will be central as Yuma runs the next era with decentralized AI.”
Founded in November 2024, Yuma has become one of the largest contributors to bittensor through its subnet accelerator, validator operations and mining.
This year, the eight institutional validator partners, including Bitgo, Copper and Crypto.com, were boarding, supporting the launch of eight subnets.
The addition of the Schvey brothers emphasizes Yuma’s ambitions to strengthen its infrastructure and expand institutional participation in decentralized AI, the company said.
Read more: Bittensor’s decentralized AI -study, Yuma, comes to the University of Connecticut
