According to Techub News, Cointelegraph reported that the decentralized clearing network Yellow Network completed a $10 million seed round of financing, led by Ripple co-founder Chris Larsen, and participating investors included Consensys, GSR, NxGen, MV Global, Gate Labs, ZBS Capital, Moonrock Capital, Math, Cobo, NOIA Capital and LD Capital.

Yellow Network aims to bypass centralized intermediaries or clearing houses to process financial transactions between counterparties to address issues such as fragmented liquidity, low scalability, and low capital efficiency in the digital asset market.