<p>Membrane Labs Inc., an institutional-grade digital asset settlement and workflow management platform provider, has announced the successful completion of its inaugural derivatives settlement involving notable trading entities QCP and Wakem Capital.</p> 
<p>This marks a significant milestone in the digital asset domain, demonstrating Membrane's prowess in facilitating complex financial transactions through its cutting-edge technology.</p> 
<h2 id="membrane-showcased-ability-to-handle-margin-movements-in-fiat-currency">Membrane showcased ability to handle margin movements in fiat currency</h2> 
<p>Carson Cook, CEO of Membrane, highlighted the significance of this achievement: "Our mission at Membrane has always been to bridge the gap between traditional finance and the world of crypto assets. This successful transaction is a testament to our platform's capacity for innovation and our commitment to providing a secure and efficient settlement network." He pointed out that this transaction underscores Membrane's pivotal role in collaborating with market leaders like QCP and Wakem Capital to propel the digital asset economy forward.</p> 
<p>The transaction facilitated by Membrane Labs showcased its ability to handle margin movements in fiat currency, reflecting the platform's versatility and its custody-agnostic API and blockchain interface. This capability underscores Membrane's innovative approach to integrating traditional banking mechanisms with digital asset custody providers.</p> 
<p>Darius Sit, Founder &amp; CIO of QCP Capital, expressed enthusiasm about the partnership: "As a global leader in digital assets trading, we are delighted to support Membrane's journey as an investor, and the first in the market to experience their settlement capabilities in derivatives. With increased efficiency in execution and settlement, this transaction is a first step towards accelerating the convergence of products and capital flows from the traditional finance and digital assets industry."</p> 
<h2 id="membrane-likens-milestone-to-fx-market-development-in-1990s">Membrane likens milestone to FX market development in 1990s</h2> 
<p>John Vincent, founder of Wakem Capital Management, also commented on the transaction's significance: "The successful execution of this transaction using Membrane's network is significant. It serves as a clear indicator of the platform's readiness to meet the growing needs of derivatives execution &amp; settlement in the digital asset universe. Just as we saw this development in the FX markets in the 1990s, we see Membrane taking the first step to provide execution, settlement, &amp; counterparty management in an integrated platform."</p> 
<p>Membrane Labs stands out as a technology platform providing a spectrum of enterprise-grade applications for clearing, settlement, and lending, integrated with a custody-agnostic settlement network.</p> 
<p>Its platform enables the seamless management and settlement of various financial transactions including OTC spot trades, loans, derivatives, and associated collateral management.</p>

Membrane completes its first digital asset derivatives trade settlement

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