Ripple Co-Founder Spearheads $10mn Seed Funding Round

Chris Larsen, co-founder of Ripple, has spearheaded a $10 million seed funding round for Yellow Network, a nascent decentralized clearing network that aims to rectify current inefficiencies in cryptocurrency transactions. The investment by the Ripple co-founder will bolster efforts to tackle prevalent issues in the digital asset market such as liquidity fragmentation, scalability, and capital efficiency. “Other notable backers and supporters include Consensys, GSR, NxGen, MV Global, Gate Labs, ZBS Capital, Moonrock Capital, Math, Cobo, NOIA Capital, and LD Capital.”Related: Demand for Japanese yen stablecoins is ‘only a matter of time’ — Brad Garlinghouse A press release distributed to Cointelegraph