Decentralized Clearing Network Yellow Network Completes $10 Million Seed Round, Led by Ripple Co-Founder Chris Larsen
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September 17, 2024
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Yellow Network Raises $10 Million in Seed Funding Led by Ripple Co-Founder Chris Larsen
Mars Finance reports that Yellow Network, a decentralized clearing network, has raised $10 million in seed funding. The round was led by Ripple co-founder Chris Larsen, with participation from Consensys, GSR, NxGen, MV Global, Gate Labs, ZBS Capital, Moonrock Capital, Math, Cobo, NOIA Capital, and LD Capital.
Yellow Network aims to tackle the inefficiency of cryptocurrencies. The company describes its chain-neutral network, built on state channel technology, as providing capital efficiency, reduced latency, and scalability for the burgeoning digital asset market.
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