Yellow Network, a blockchain network backed by Ripple co-founder Chris Larsen, has integrated with XRPL EVM Sidechain to advance its real-world assets trading system.
Summary
- Ripple co-founder Chris Larsen-backed project Yellow Network has announced integration with XRP Ledger.
- The collaboration involves Yellow Network’s proprietary layer-3 clearing network dubbed Yellow Clearnet.
- Integration with the XRPL EVM Sidechain aims to help Clearnet power liquidity for real-world assets trading
Yellow Network’s proprietary layer-3 clearing network will leverage the XRPL EVM Sidechain to ramp up its liquidity and traceability of RWAs, the platform said.
In the crypto ecosystem, state channels are the private off-chain transaction channels that allow for low-fee and trustless trading.
Yellow Network and XRPL integration
An engine that offers Ethereum Virtual Machine-compatible environment will see Yellow Network benefit from fast settlement and off-chain learning.
The Yellow Clearnet is a solution that allows users to tap into off-chain liquidity. Its real-time, non-custodial and cross-chain trading happens off-chain, with this occurring on isolated exchanges and brokerages. Clearnet uses state channels to achieve this, only enabling final settlement of trades to record on-chain.
The Yellow Network team says access to a global, unified pool of liquidity is the main goal of this integration.
“This is an incredibly exciting development for both Yellow Network and the XRPL EVM Sidechain” said Louis Bellet, co-founder of Yellow Network.
According to Bellet, the XRPL EVM Sidechain offers the foundational rails key to the next level of RWA tokenization. Meanwhile , Yellow Network provides the blockchain ecosystem that makes real-world assets truly liquid and tradable.
Why is this good for XRP?
The XRPL EVM Sidechain allows Ethereum Virtual Machine-compatible applications to launch on the XRP Ledger.
The sidechain, developed by Peersyst, allows apps to connect to the XRPL Ledger. XRPL is a decentralized blockchain powered by XRP (XRP). With Ethereum compatibility, XRP becomes interoperable with more than 80 blockchains.
XRP is the native gas token of this ecosystem.
Growth for Ripple co-founder backed project
Yellow Network, which launched in 2018 and looks to bring on-chain solutions to the problem of liquidity fragmentation in crypto, secured a $10 million seed round backing from Larsen in 2024.
Yellow Clearnet now boasts integration with several top blockchain networks, including Ethereum, Polygon and Binance Smart Chain. Following rollout of XRPL support, the next steps on the roadmap include connection to Solana, Bitcoin and Polkadot.
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