According to Bloomberg, the crowdsourced quantitative hedge fund Numerai has secured a commitment of up to $500 million from JPMorgan Asset Management, which will be deployed in phases over the next year. The fund is supported by Paul Tudor Jones and currently manages approximately $450 million, incentivizing global free quantitative researchers to provide stock trading models using cryptocurrency, with its native token Numeraire (NMR) serving as a prediction staking tool.