**Ripple Co-Founder Leads $10M Investment in Yellow Network**

Chris Larsen, Ripple's co-founder, has spearheaded a $10 million seed funding round for Yellow Network, a new decentralized clearing network aimed at tackling inefficiencies in the cryptocurrency market.

**Key Points:**

- **Investment Goals:** The funding will help address liquidity fragmentation, scalability, and capital efficiency in the digital asset market.

- **Notable Backers:** Other supporters include Consensys, GSR, NxGen, and more.

- **Technology:** Yellow Network uses state channel technology to enhance capital efficiency, reduce latency, and improve scalability.

- **Decentralized Clearing:** This method eliminates intermediaries, settling transactions directly on the blockchain or via smart contracts, though it comes with trade-offs compared to centralized systems.

Larsen emphasized the protocol's potential as a "game-changer" for newcomers, offering fast trade execution and improved capital efficiency.