Digital Lending. On Neutral Rails.

Institutional infrastructure to discover counterparties and manage loans and collateral across custodians.

Trusted By

Connected Infrastructure for Institutional Digital Finance

Identify institutional loan and repo opportunities, then manage each transaction from booking to maturity.

Credit Discovery Hub

Loan Opportunities

Repo Opportunities

credit management platform

Loan/Repo Management

Collateral Management

CustodyLink™

Settlement

Automate Institutional Loan Operations from Initiation to Maturity.

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Membrane’s Collateral Management Engine gives institutions real-time visibility, automated margin enforcement, and multi-asset control across custodians and venues.

Ledn emerged from the 2022/2023 crypto credit crisis as a resilient leader, thanks to our strong risk management and commitment to safeguarding client assets. As our business rapidly expanded, we sought a technology partner to manage this growth. Membrane Labs provided the ideal solution with their tailored loan portfolio management platform, helping us track and manage our institutional loans seamlessly. Their technology and team have been critical to our success, and we value them as a trusted partner.

- John Glover, CIO at Ledn

For Institutions Operating Digital Asset Lending Programs

Lenders Borrowers Custodians Trading desks Funds Manage loan and repo transactions from booking to maturity with collateral, margin and settlement workflows in one operating environment. Coordinate active loan and repo obligations, collateral and settlement across counterparties and custodians. Connect custody activity to loan, collateral and settlement workflows without replacing existing infrastructure. Give trading and operations teams a shared view of active transactions, collateral requirements and lifecycle events. Manage lending positions, collateral and counterparty activity with consistent controls and records.

An institutional infrastructure layer standardizing digital asset credit workflows across collateral, custody, counterparties, and post-trade operations.

Pre-Trade Counterparty limits, credit permissions, risk analysis

Assess counterparty limits — powered by Risk Analysis Engine
Set collateral thresholds — Collateral Management Engine
Enforce exposure rules — Risk Analysis Engine

Trade Booking, Collateral

Book loans with confidence — Loan Management Module
Assign and route collateral — Collateral Management Engine
Authorize custody transfers — CustodyLink™ Network

Post-Trade Settlement, Reconciliation, Treasury

Settle across custodians — CustodyLink™ Network
Manage treasury operations — Treasury Management Module
Reconcile transactions — Unified Payments Hub

Oversight Reporting, Monitoring, Stress-Testing

Monitor exposure in real-time — Risk Analysis Engine
Run stress tests on active positions — Risk Analysis Engine
Generate internal and external reports — Reporting Interface
Surface systemic risk alerts — Risk Analysis Engine

From Opportunity to Maturity

Manage the institutional lending lifecycle from discovery through maturity.

01
Discover
Identify institutional loan and repo opportunities.

02
Book
Create and manage transaction records across counterparties.

03
Manage
Monitor collateral, margin, approvals and lifecycle events.

04
Close
Coordinate settlement, repayment, collateral release and reporting.

Interoperatable By Design

Work Across Custodians, Networks and Systems

Membrane coordinates institutional lending workflows across custodians, networks, and internal systems without requiring firms to replace their current stack.