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Openware Partners with Qredo to Power Crosschain Settlement on the Yellow Network

Fri, 01/14/2022 - 07:19
Openware Partners with Qredo to Power Crosschain Settlement on the Yellow Network
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Qredo's crosschain infrastructure will power the exchange of trading quotes and liquidity between exchanges and institutions on Yellow Network

San Francisco, 14 January 2022 — Blockchain product developer Openware, a Yellow company, and Qredo, are announcing a strategic partnership. 

Together, we aim to secure the crosschain interoperability of digital assets on the upcoming Yellow Network using Qredo’s robust institutional crosschain settlement infrastructure.

Openware collaborates with multiple partners, custodians, and institutions to develop Yellow Network — an unprecedented worldwide crosschain overlay network to exchange trading quotes and liquidity between digital asset exchange platforms and institutions.

"Qredo and Yellow share a common vision of connecting shared liquidity in decentralized way to accommodate institutional capital flows," said Anthony Foy, Qredo CEO. "Our partnership will unlock seamless interoperability, deeper liquidity, and access to ultra-high-speed trading."

About Openware:

Openware, Inc. is a U.S. Blockchain product company that has built and supported over 150 crypto exchange platforms with the open-source digital asset exchange platform OpenDAX.

Press Contact: hello@openware.com, +1 (650) 502-5022, Openware, Inc.611 Gateway Blvd, Suite 120, South San Francisco, CA 94080, USA

About Qredo:

Qredo is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in digital assets and decentralized finance. Qredo's Layer 2 blockchain protocol enables users to seamlessly transfer and settle bitcoin, Ethereum, and ERC-20 tokens. Assets are secured by Qredo’s advanced Gen 2.0 Multi-Party Computation (MPC), which provides tier-1 bank security and institutional-grade governance.

Press Contact: qredo@wachsman.com

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Openware

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