Cryptocurrency investment

Chris Larsen, co-founder of Ripple, has led a $10 million seed funding round for Yellow Network, a new decentralized clearing network that aims to address cryptocurrency inefficiencies. The investment will support efforts to solve the digital asset market's liquidity fragmentation, scalability, and capital efficiency issues.

Decentralized clearing

Decentralized clearing involves bypassing centralized intermediaries or a clearinghouse to settle a financial transaction between parties — eliminating a middleman from the process. This function is managed on the blockchain or through smart contracts and typically involves preserving privacy and removing central authorities seen in traditional financial systems.

Addressing crypto trading inefficiencies

Yellow Network's decentralized clearing protocol is designed to "address critical industry challenges." Larsen stated that the protocol is "essential" for newcomers and offers a "game-changer" solution due to its "fast trade execution and capital efficiency."

Source: https://cointelegraph.com/news/chris-larsen-10m-seed-funding-yellow-network

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