$YELLOW launches on XRP Ledger with multisig security, targets institutions

The $YELLOW token has officially launched on the XRP Ledger, introducing new security and liquidity protocols aimed at attracting institutional capital and building out financial infrastructure within the XRPL ecosystem. Yellow distinguishes itself from many typical XRPL projects by adopting a security-focused approach to token management. Alexis Sirkia, who leads the project, emphasized that his commitment to robust security was shaped by a serious incident in 2017. During that period, his team lost all raised funds to an exploit of a Parity multisignature contract before their project could even launch.

Source: CoinTurk News