Digital Currency Group’s decentralized AI arm, Yuma, has strengthened its leadership team by bringing on Greg and Jeff Schvey, co-founders of crypto data provider TradeBlock, as chief operating officer and chief technology officer, respectively. The company announced the appointments on Tuesday, marking another strategic move in its push to scale within the decentralized AI ecosystem.
The Schvey brothers are no strangers to DCG’s orbit. TradeBlock, their former company, maintained close ties with DCG and blockchain infrastructure firm Axoni, both of which received DCG investment. TradeBlock’s crypto index and data unit was acquired by DCG’s media subsidiary CoinDesk in 2021, later spun out, and ultimately shuttered during the crypto market downturn of 2023.
In a post on X, COO Greg Schvey described his new role as an “outsider” joining Yuma to apply his experience building critical infrastructure companies. Schvey previously led Axoni as CEO until the firm’s post-trade processing division was sold to the London Stock Exchange Group in 2024.
“My job is to ensure Yuma grows into a strong, resilient organization where great people can do exceptional work, while continuing to elevate Bittensor,” Schvey wrote.
This week I begin my new role as COO of @YumaGroup.
— Greg Schvey (@GSchvey) October 7, 2025
As a company outsider until recently who spent the last few weeks doing intensive onboarding, I can say conclusively that Yuma is, more than anything, a deeply passionate and capable team with a foundational commitment to being…
Founded in November 2024, Yuma operates validator, mining, and subnet services for Bittensor, a decentralized network that enables collaborative machine learning and AI model training across specialized subnets. Participants earn the network’s native TAO tokens for contributing computational resources.
According to Schvey, Yuma is currently validating on more than 120 subnets and mining on several others. The company has also funded 15 subnet operators, providing capital to developers experimenting with AI and blockchain applications worldwide. Earlier this year, Yuma added eight institutional validator partners, including BitGo, Copper, and Crypto.com, as part of its strategy to attract more enterprise participants. The firm is also reportedly eyeing an expansion into digital asset management.
Interest in the Bittensor ecosystem has grown since its “Dynamic TAO” upgrade in February, which introduced “alpha” tokens for subnet-based applications, boosting network activity. Despite recent market volatility, TAO remains a prominent asset within the decentralized AI sector—trading around $332, down roughly 6% in the past 24 hours, according to The Block.
With its new leadership and ongoing infrastructure initiatives, Yuma appears positioned to play a growing role in bridging decentralized AI and blockchain innovation, signaling confidence in the long-term potential of the Bittensor network.
