April 9, 2025
Membrane Team
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Membrane’s Institutional Crypto Lending Platform Continues to Scale Rapidly, Surpassing $7.5 Billion in Total Loan Bookings
Membrane Labs has officially processed more than $7.5 billion in crypto loan bookings, marking a major milestone in institutional digital asset adoption. The achievement comes on the heels of a breakout year for Membrane’s crypto loan lifecycle management software, which enables seamless loan servicing, collateral tracking, and risk monitoring across the digital asset ecosystem.
“Just last year, Membrane hit the $1 billion milestone of loans processed since inception. Now, in 2025 alone, we’ve had over $6 billion of new loan bookings across hundreds of transactions,” said Craig Birchall, Head of Product at Membrane. “To see this product grow so quickly is a testament both to the renewed institutional interest in the lending market and to the faith that leading institutions have in what we have built.”
Institutional Crypto Lending Momentum Accelerates
Membrane is seeing demand from custodians building out collateral servicing businesses, prime brokers entering the digital asset space, and asset managers looking to modernize their operations. This growth is driven by increasing regulatory clarity in the U.S. and continued expansion in key markets across Asia and the Middle East.
“We are seeing interest across multiple regions and client profiles – from custodians to TradFi prime brokers who realize that digital asset technology is something they can no longer ignore.” added Birchall.
Powered by Institutional-Grade Crypto Infrastructure
Recent partnerships, including a high-profile collaboration with BitGo, are expected to drive further growth across Membrane’s comprehensive suite of digital asset infrastructure tools, which include:
- Crypto Loan Lifecycle Management System: Secure, scalable, and API-first software for institutional loan servicing, collateral management, and real-time risk monitoring across crypto assets.
- Crypto Treasury Management: Centralized control of payments, liquidity, and reporting with a single view across custodians, wallets, and exchanges.
- OTC Derivatives for Digital Assets: Robust support for trade capture, lifecycle management, and post-trade settlement of crypto derivatives – all integrated into Membrane’s platform.
Why This Matters for Institutional Finance
As digital assets move from speculative to strategic, Membrane Labs is positioned as the backbone of institutional crypto finance, providing the core infrastructure that powers lending desks, asset managers, exchanges, and custodians.
“The scale of new announcements – whether on stablecoins, IPO plans, or tokenization of traditional banking rails – is impressive and reflects a growing confidence in this technology,” Birchall noted.
“At Membrane, we’re building the tools that empower institutions to scale their digital asset operations securely and efficiently.”
Learn about Membrane and BitGo’s partnership to power their Prime Services.
Read more about the Membrane Story.
Membrane recently interviewed Mike Belshe, Founder and CEO of BitGo, on our BRANESTORM podcast series for institutional lenders. In our exclusive interview, Belshe unpacks the evolving U.S. regulatory landscape, institutional crypto custody, and the future of stablecoins – insights that contextualize the institutional momentum behind lending.
Watch the full interview on YouTube and subscribe to the BRANESTORM podcast for more in-depth conversations with leaders shaping digital asset lending!
