Yellow Group arises to develop distributed liquidity network for exchanges

Rick Steves

Yellow Group arised from the merger between blockchain specialists Openware and Crypto market makers Yellow.com.

FX platforms for everyday purchases

Yellow.com, Inc. and Openware, Inc. have finalized the merging process of their global settlement network for their customers.

The combined umbrella brand will be called Yellow Group, boasting more than 120 employees worldwide and multiple offices and coworking spaces in the United States, France, Thailand, UK, and Ukraine.

Blockchain specialists merge with Crypto market makers

Yellow Group is building a worldwide financial information exchange network designed for the Web 3.0 Internet of Finance, the company stated, adding it is developing a 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 for building digital asset trading systems. Over the past years, Openware has shipped over 150 trading platforms to their clients.

Louis Bellet, founding partner and CEO of Openware, who is now taking the position of the CEO of Yellow Group, said: “Our merger allows us to increase our capacity and implement our common vision—a secure financial network powered by blockchain settlement. 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.

Alexis Sirkia, the founder of Yellow and the Executive Chairman of Yellow Group, said: “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.

Yellow Group is looking to build a worldwide financial information exchange network combining order books of all participants, designed for the Web 3.0 Internet of Finance scale.

Yellow.org is a brokerage powered by the new OpenDAX v4 software, accessible to startups and entrepreneurs willing to build a trading platform.

Read this next

Retail FX

ThinkMarkets expands CFDs lineup to over 4000 ETFs and shares

ThinkMarkets has expanded its service offering by incorporating 2500 new CFDs on shares and ETFs on its ThinkTrader platform.

Retail FX

France regulator warns investors of Omega Pro, Businessempire.fr

France’s financial markets regulator alerted investors that scams related to Omega Pro Ltd are beginning to circulate, with the blacklisted firm capitalizing on the situation to run a range of “unrealistic” offers.

Digital Assets

Web3 platform Grand Time paid $2 million in token earnings to date

Community-driven Web3 platform Grand Time said its offering – which includes a multifaceted platforms and its native token – has been gaining significant traction highlighted by impressive operational metrics.

Institutional FX

FX volumes at MOEX halved in April as ruble gains gorund

Currency trading at Moscow Exchange (MOEX) halted its upward route in April as monthly volumes nearly halved from a month earlier.

Digital Assets

FTX US adds stock trading, fractional shares to crypto platform

FTX US, the American subsidiary of crypto exchange FTX has kicked off stock trading feature to its customers in an effort to compete with popular platforms such as Robinhood and eToro.

Industry News

UK FCA empowered to remove brokers’ permissions in 28 days

Businesses with permissions they don’t need or use, risk misleading consumers. These new powers will enable us to take quicker action to cancel permissions that are not used or needed.

Industry News

CFTC charges $44m Ponzi scheme but millions may have fled to foreign crypto exchange

The CFTC alleged that defendants transferred millions of dollars to an off-shore entity that, in turn, may have transferred funds to a foreign cryptocurrency exchange. None of these funds were returned to the pool.

Technology

Saxo Bank deploys Adenza to address Basel and EBA requirements

The integration of ControllerView will enhance Basel-driven capital calculations and reporting at Saxo Bank in support of the bank’s multijurisdictional capital and liquidity reporting requirements throughout Denmark, Switzerland and UK, with plans to expand into the Netherlands.

Executive Moves

ComplySci appoints CTO, CPO, and CLO to further regtech’s product expansion

ComplySci offers compliance software used by more than 1400 global institutions to identify risk and address regulatory compliance challenges.

<