The startup has developed a decentralized broker clearing network for blockchain trading, utilizing a unified communication protocol to facilitate real-time trading and liquidity aggregation among connected brokers. This platform enables users to create and host diverse markets, addressing the fragmentation and inefficiencies in current trading systems.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Cryptocurrency trading is often fragmented across multiple exchanges and brokers, leading to inefficiencies in liquidity and price discovery. Cross-chain trading introduces additional complexities and security risks associated with bridging assets between different blockchains.
Solution
Yellow Network provides a decentralized broker clearing network that aggregates liquidity and enables real-time cross-chain settlement. The platform utilizes a peer-to-peer (P2P) network architecture with state channel technology to unify blockchains without requiring direct bridging, minimizing asset movement and associated security risks. Brokers within the network can peer their liquidity, displaying orders in a unified order book to enhance overall liquidity and offer better prices to their users. The network functions as an automated smart clearing house, allowing brokers to settle trades without intermediaries, fostering a more resilient and cost-effective brokerage setup.
Target Audience
The primary target audience includes retail brokers, market makers, crypto exchanges, and custodians seeking to enhance liquidity, reduce risks, and streamline cross-chain trading operations.
Features
- Peer-to-peer (P2P) network architecture for liquidity aggregation
- State channel technology for real-time, secure cross-chain settlement
- Non-custodial participation for brokers, enhancing security and reducing maintenance costs
- Open order book transactions that can be audited for review
- Support for multiple custodians, including Qredo, Cobo, Fireblocks, and Gnosis Safe
- $YELLOW token staking for reduced trading fees and participation in governance
- Collateralized B2B liquidity channels to track assets and ensure solvency
- Remote order matching to execute trades across different brokers
- Multi-chain and multi-custody support for flexible asset management