Country for PR: United States
Contributor: PR Newswire New York
Tuesday, December 07 2021 - 02:00
AsiaNet
Two Prominent Blockchain Companies Are Merging
SOUTH SAN FRANCISCO, Calif., Dec. 6, 2021 /PRNewswire-AsiaNet/--

-- Yellow and Openware, two leading Fintech industry product companies, join 
forces to scale their innovation.

Yellow.com, Inc. ( 
https://c212.net/c/link/?t=0&l=en&o=3378604-1&h=1834270555&u=https%3A%2F%2Fwww.yellow.com%2F&a=Yellow.com%2C+Inc. 
) and Openware, Inc. ( 
https://c212.net/c/link/?t=0&l=en&o=3378604-1&h=1505259741&u=https%3A%2F%2Fwww.openware.com%2F&a=%2C+Inc. 
) announced today that they had finalized the merging process, creating a 
global settlement network for their customers. The two companies will operate 
under the new name of Yellow Group.

Photo - https://mma.prnewswire.com/media/1702026/Featured_Openware_Team.jpg

Photo - https://mma.prnewswire.com/media/1702027/Openware_Team_2.jpg

Photo - https://mma.prnewswire.com/media/1702025/Yellow_Team.jpg 

The combined umbrella brand has over 120 employees worldwide and multiple 
offices and coworking spaces in the United States, France, Thailand, UK and 
Ukraine.

The Yellow Group is now focused on the development of an ambitious distributed 
liquidity network for exchanges and institutions scaling to billions of 
transactions.

The Openware expertise comes from ten years of servicing European retail banks, 
shifting their focus entirely to the blockchain industry with the release of 
open-source modular platform OpenDAX ( 
https://c212.net/c/link/?t=0&l=en&o=3378604-1&h=2777980705&u=https%3A%2F%2Fgithub.com%2Fopenware%2Fopendax&a=OpenDAX 
)for building digital asset trading systems. Over the past years, Openware has 
shipped over 150 trading platforms to their clients.

    "Our merger allows us to increase our capacity and implement our common 
    vision--a secure financial network powered by blockchain settlement," 
    Louis Bellet, founding partner and CEO of Openware, who is now taking the 
    position of the CEO of Yellow Group, commented on the news. "The goal is 
    to build together a global Web 3.0 network of financial exchange with 
    shared liquidity."

Yellow is a reputable Crypto Market Maker providing startup seed funding, 
mentorship, advisory, data analytics and Fintech software solutions. Yellow is 
also a lifestyle with a vibrant blockchain community through its co-working hub 
in Chiang Mai, conferences, meetups and entertainment for digital nomads.

    "We share a common vision, and our competence and technologies are 
    complementary--one has market-making capabilities, and the other one is 
    building financial exchange platforms," said Alexis Sirkia, the founder 
    of Yellow and the Executive Chairman of the new company, in a statement.

The latest development of the Yellow Group is a worldwide financial information 
exchange network combining order books of all participants, designed for the 
Web 3.0 Internet of Finance scale powered by state channels technology.

Yellow.org ( 
https://c212.net/c/link/?t=0&l=en&o=3378604-1&h=1396883182&u=https%3A%2F%2Fwww.yellow.org%2F&a=Yellow.org 
) is an example of brokerage powered by the new OpenDAX v4 software, accessible 
to startups and entrepreneurs willing to build a trading platform.

For Press Inquiries:
hello@yellow.com 
+1-(650)-502-5022

Yellow.com, Inc
611 Gateway Blvd, Suite 120
South San Francisco, CA 94080, USA

Media Resources:
Press Release Kit ( 
https://c212.net/c/link/?t=0&l=en&o=3378604-1&h=462413733&u=https%3A%2F%2Fbit.ly%2F3DLHD9M&a=Press+Release+Kit 
)
 
SOURCE: Yellow.com, Inc.