Numerai Announces $1 Million NMR Token Buyback Amidst AUM Surge to $441 Million
Numerai, a pioneering decentralized hedge fund leveraging crowdsourced machine learning, has declared plans to buy back $1 million worth of its native token Numeraire (NMR) from the open market.
The token repurchase aims to support long-term alignment within its growing staking ecosystem and maintain economic balance as the project scales.
Numerai launched $NMR in 2017 as one of the first crypto tokens with real utility.
Today, we’re announcing a buyback of $NMR from the open market.
— Numerai (@numerai) July 17, 2025
The buyback will take place gradually, with orders executed near prevailing bid prices to ensure transparency and reduce the risk of market disruption. At current valuations, $1 million corresponds to over 110,000 NMR tokens. This move comes as Numerai reports impressive growth in its assets under management (AUM), which have surged from approximately $173 million to $441 million over the past year.
According to Numerai’s founder and CEO Richard Craib, the model’s consistent success and the entry of top institutional allocators underscore the growing significance of NMR.
With less than 3 million NMR tokens remaining in Numerai’s treasury from a fixed supply of 11 million, the buyback reinforces the firm’s commitment to its ecosystem amid questions about the long-term token reward distribution. The repurchase therefore, seeks to reduce circulating supply scarcity while supporting ecosystem growth.
Numerai’s monthly trading volume now exceeds $1 billion across more than 30 global markets, driven by algorithmic predictions from its community. The buyback is a strategic step to foster long-term stakeholder engagement and enhance token value stability.
Additionally, Ripple has partnered with Ctrl Alt in Dubai to tokenize the real estate sector, a move that will digitalize property ownership. This collaboration involves Ripple Custody securing tokenized property title deeds on the XRP Ledger, issued by the Dubai Land Department. The initiative aims to enable fractional ownership and enhance transparency in real estate. This builds upon the recent launch of Prypco Mint, a government-backed platform designed for fractional property investment, to tokenize significant real estate value by 2033.
