Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
Membrane Labs, a cryptocurrency-focused trading and lending platform, has raised $20 million in a Series A funding round, with participation from big names like Brevan Howard Digital and Point72 Ventures. The capital will be used to help build the type of grown-up trading infrastructure the crypto space needs in order to avoid further disasters.
Last year saw multi-billion dollar crypto trading and lending platforms fall to pieces, revealing a chaotic mess of opaque and iniquitous operations carried on behind the scenes. The response from regulators will see crypto come into the daylight and map much closer to traditional finance. “You can think of us as the glue, a settlement network that connects all of these things together,” Cook said in an interview. “On top of this core infrastructure, we built workflow management for collateral management, loans, OTC trades and derivatives. The permeating theme is to increase transparency and risk management, especially in a post-FTX and post-3AC world.”
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