Membrane Labs is a technology company.
Membrane Labs has raised $20.0M across 1 funding round.
Membrane Labs has raised $20.0M in total across 1 funding round.
Membrane Labs has raised $20.0M in total across 1 funding round.
Membrane Labs's investors include Infinite Capital, True Ventures, Vayner RSE.
Membrane Labs builds a digital asset prime infrastructure suite for institutions, automating loan lifecycle management, treasury operations, cross-custodian settlements, and real-time risk analysis to bridge traditional finance and crypto.[1][2][4] It serves crypto lenders, trading firms, banks, and funds—such as Ledn—solving operational inefficiencies like manual reconciliations, counterparty risks, and fragmented post-trade workflows in digital asset trading and lending.[1][3][5] With over $10 billion in loan bookings processed and rapid team growth to nearly 60 developers, Membrane demonstrates strong momentum in scaling institutional crypto operations.[3][6]
Membrane Labs was founded in 2019 by Carson Cook (CEO and co-founder, ex-McKinsey consultant with a PhD in physics and electrical engineering) alongside venture studio Hibbard Road Partners (HRP), initially as Lattice.[2][6] Cook left McKinsey in 2018 to launch Fractal, a crypto market maker, but faced infrastructure gaps in netting, settlement, and compliance for institutional trading, prompting collaboration with HRP after months of research.[2] Early focus on core settlement evolved into a full platform for loans, treasury, and risk, driven by Cook's frustration with crypto's operational complexities compared to traditional finance.[2][6]
Membrane rides the institutional adoption of crypto trend, providing prime brokerage-like infrastructure amid post-2022 credit crises that exposed risk gaps in lending and trading.[1][2][3] Timing aligns with maturing digital assets, where TradFi players demand compliant, scalable tools for on-chain operations without building from scratch—fueled by regulatory clarity, ETF approvals, and billions in AUM shifting to crypto.[2][6] Market forces like fragmented custodians, blockchain speed, and counterparty exposures favor Membrane's unified platform, which influences the ecosystem by enabling efficient credit desks and reducing systemic risks for lenders handling $10B+ volumes.[3][5]
Membrane is poised to dominate as the go-to operating system for institutional crypto credit, expanding its Risk Engine and fiat rails while leveraging partnerships like Circle and Bitpulse for broader adoption.[3][5][6] Trends like tokenized assets, RWA growth, and AI-driven risk will amplify demand, potentially evolving Membrane into a full prime broker alternative. Its influence could reshape crypto lending resilience, tying back to its origins in solving real-world trading frictions for a more efficient digital finance layer.[2][3]
Membrane Labs has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series A in October 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2023 | $20.0M Series A | Infinite Capital, True Ventures, Vayner RSE |