Ripple Co-Founder Chris Larsen Leads $10M Investment in Decentralized Clearing Network š¤š»
Chris Larsen, Ripple's co-founder, led a $10 million seed funding round for #Yellow Network, a decentralized clearing network aimed at resolving cryptocurrency inefficiencies like liquidity fragmentation, scalability, and capital inefficiency.
Supported by major firms like #Consensys , GSR, and Gate Labs, the network is built on state channel technology to offer faster trade execution and improved capital efficiency.
Decentralized clearing allows direct settlements on the blockchain without central intermediaries, though this raises concerns over balancing decentralization with consumer protections. In other news, Larsen joined corporate leaders in endorsing #Kamala Harris for the 2024 U.S. presidential race.
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