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 corporations QCP and Wakem Financial resources. This transaction highlighted the platform’s capacity to support 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 cryptocurrency assets. It represents a whole lot of step forward in working with market leaders like QCP and Wakem Financial resources 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 numerous collateral arrangements and currencies, and building seamless integrations across traditional banking and custody providers. The use of fiat for margin objectives 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 intersection of products and financial resources flows from traditional finance and the digital assets industry, while Wakem Financial resources Mgmt founder John Vincent pointed out 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.
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 about QCP, visit: www.qcp.capital
For more about Wakem Financial resources, visit: www.wakemcapital.com
Contact Michelle ObineMembrane
Hot Take: Membrane Labs and the Cryptocurrency Economy
Membrane Labs’ first derivatives settlement represents a whole lot of shift in facilitating digital asset transactions, bridging the gap between traditional finance and the cryptocurrency economy. The successful transaction with QCP and Wakem Financial resources demonstrates the platform’s readiness to meet the growing needs of derivatives execution and settlement in the digital asset universe. This marks a critical milestone in accelerating the intersection of products and financial resources flows from traditional finance and the digital asset industry, signaling a promising future for Membrane Labs and the cryptocurrency economy.
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