Membrane Labs, a blockchain startup that is building a crypto prime brokerage platform, has secured $20 million in Series A funding. The funding round was led by Brevan Howard, with participation from Point72 Ventures, Jump Crypto, and other top investors.
Membrane Labs was founded in 2022 by Carson Cook and a team of experienced veterans from the traditional finance industry. The company's goal is to build a crypto prime brokerage platform that will provide institutional investors with the same level of service and support that they are used to in traditional finance.
Membrane Labs' platform will offer a range of services, including custody, lending, trading, and market research. The company is also developing several innovative products and services, such as a clearing and settlement engine and a risk management platform.
Membrane Labs' platform will offer a range of services, including custody, lending, trading, and market research. The company is also developing several innovative products and services, such as a clearing and settlement engine and a risk management platform.
Membrane Labs' platform is still under development, but the company has already begun working with several institutional investors. The company plans to launch its platform to the public in early 2024.
Membrane Labs' Series A funding is a sign of the growing interest from institutional investors in the crypto market. Prime brokers play a vital role in traditional finance, and their entry into the crypto market will help to legitimize the asset class and attract more institutional investment.
Membrane Labs' Series A funding is a sign of the growing interest from institutional investors in the crypto market. Prime brokers play a vital role in traditional finance, and their entry into the crypto market will help to legitimize the asset class and attract more institutional investment.
Membrane Labs' platform is still under development, but the company has a strong team with experience in both traditional finance and the crypto industry. The company's focus on institutional investors is a good one, as these investors are more likely to have the resources and expertise to invest in crypto.
Membrane Labs' success will depend on several factors, including the overall state of the crypto market, the regulatory environment, and the company's ability to execute its plans. However, the company has a strong foundation and is well-positioned to capture a significant share of the growing crypto prime brokerage market.
Membrane Labs' success will depend on several factors, including the overall state of the crypto market, the regulatory environment, and the company's ability to execute its plans. However, the company has a strong foundation and is well-positioned to capture a significant share of the growing crypto prime brokerage market.