DCG subsidiary Duma Taps TradeBlock Founders to lead the Growth of Decentralized AI to Bittensor
Duma, a subsidiary of the Digital Currency Group (DCG) dedicated to decentralized artificial intelligence (AI), has appointed Crypto veterans Greg Schvey and Jeff Schvey as new chief operating officer and chief technology officials, respectively, the company said in a Tuesday statement.
The hires marks a major expansion for the late while scales operations throughout the Bittensor network, including validator, mining, and subnet accelerator initiatives, and prepares to launch a Division Management Division, the company said.
The Schvey Brothers are better known as co-founding tradblock, an institutional crypto data and DCG portfolio management platform, and Axoni, a blockchain infrastructure firm that serves the traditional financial market. Axoni’s largest business unit was obtained by the London Stock Exchange Group (LSEG) in 2024. DCG is an early investor in both adventures.
“Greg and Jeff have proven to be leaders who carry a rare blend of experience with institutional infrastructure and GRIT start-up, accompanied by hands-on experience with the bittensor,” said Barry Silbert, founder and CEO of the Yuma and DCG, on the release. “Their leadership will be pivotal because the late forces the next season of decentralized AI.”
Established in November 2024, the dead became one of the biggest contributions to the bittenor through the subnet accelerator, validator operation, and mining efforts.
This year, it rides on eight institutional validators partners, including BitGo, Copper, and Crypto.com, and supports the launch of eight subnets.
The addition of Schvey’s brothers emphasizes the amuma’s ambitions to strengthen its infrastructure and expand the institution’s participation in decentralized AI, the company said.
Read more: Bittensor’s Decentralized AI Studio, Eve, came to the University of Connecticut
