New Digital Asset Settlement and Workflow Management
Membrane Labs Inc., a leading institutional-grade digital asset settlement and workflow management platform, has announced the successful completion of its first derivatives settlement with prominent trading firms QCP and Wakem Capital. This transaction highlighted the platform’s ability to facilitate derivatives transactions through a versatile, custody-agnostic API and blockchain interface, moving margin in fiat seamlessly.
According to Membrane CEO Carson Cook, this successful transaction demonstrates the platform’s capacity for innovation, bridging the gap between traditional finance and crypto assets. It represents a significant step forward in working with market leaders like QCP and Wakem Capital and mutual dedication to advancing the digital asset economy.
The transaction allowed both parties to experience the full scope of Membrane’s settlement network, showcasing its capacity for handling various collateral arrangements and currencies, and building seamless integrations across traditional banking and custody providers. The use of fiat for margin purposes was a deliberate choice, demonstrating Membrane’s versatility.
QCP’s Founder & CIO, Darius Sit, expressed delight in supporting Membrane’s journey as an investor and experiencing their settlement capabilities. He sees this transaction as a first step towards accelerating the convergence of products and capital flows from traditional finance and the digital assets industry, while Wakem Capital Mgmt founder John Vincent noted that the successful execution of this transaction is a clear indicator of the platform’s readiness to meet the growing needs of derivatives execution and settlement in the digital asset universe.
About Membrane
Membrane is a technology platform offering enterprise-grade clearing, settlement, and lending applications integrated with a custody-agnostic settlement network. The platform allows for seamless management and settlement of OTC spot trades, loans, derivatives, and associated collateral management.
For more information, visit Membrane’s: Official Website | Twitter | LinkedIn
For more about QCP, visit: www.qcp.capital
For more about Wakem Capital, visit: www.wakemcapital.com
Contact Michelle ObineMembrane [email protected]
Hot Take: Membrane Labs and the Crypto Economy
Membrane Labs’ first derivatives settlement represents a significant shift in facilitating digital asset transactions, bridging the gap between traditional finance and the crypto economy. The successful transaction with QCP and Wakem Capital demonstrates the platform’s readiness to meet the growing needs of derivatives execution and settlement in the digital asset universe. This marks a crucial milestone in accelerating the convergence of products and capital flows from traditional finance and the digital asset industry, signaling a promising future for Membrane Labs and the crypto economy.
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