Membrane Labs Inc Completes First Derivatives Settlement
Membrane Labs Inc., a prominent institutional-grade digital asset settlement and workflow management platform, has just announced the successful completion of its first derivatives settlement with two renowned trading firms, QCP and Wakem Capital. The transaction illustrated how the platform can simplify the settlement process for derivatives transactions through a versatile, custody-agnostic API and blockchain interface, by moving margin in fiat seamlessly.
Carson Cook, CEO of Membrane Labs Inc., highlighted the successful transaction as a testament to the platform’s capacity for innovation and its commitment to providing a secure and efficient settlement network. This accomplishment represents a significant step forward in the work with market leaders like QCP and Wakem Capital, demonstrating mutual dedication to advancing the digital asset economy.
By utilizing fiat for margin purposes, the transaction allowed both parties to experience the full breadth of Membrane’s settlement network capacity, including handling various collateral arrangements and currencies. QCP’s Founder & CIO, Darius Sit, was thrilled about supporting Membrane’s journey as an investor and experiencing their settlement capabilities in derivatives.
The successful execution of this transaction using Membrane’s network has been significant as it serves as a clear indicator of the platform’s readiness to meet the growing needs of derivatives execution and settlement in the digital asset universe. Wakem Capital Mgmt founder John Vincent emphasized that Membrane is taking the first step to provide execution, settlement, and counterparty management in an integrated platform.
About Membrane
Membrane is a technology platform that integrates a variety of enterprise-grade clearing, settlement, and lending applications with a custody-agnostic settlement network. Its platform allows 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
Hot Take: Membrane Labs Inc. Milestone in Derivatives Settlement
Membrane Labs Inc. has reached an important milestone with the successful completion of its first derivatives settlement with leading trading firms QCP and Wakem Capital. This achievement solidifies the platform’s commitment to providing efficient and secure digital asset settlement, marking a significant advancement in the digital asset economy. As Membrane continues to bridge the gap between traditional finance and the world of crypto assets, their settlement capabilities are increasingly vital in accelerating the convergence of products and capital flows from traditional finance and the digital assets industry.
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