November 24, 2025
Carson Cook, CEO
/
Our new BRANESTORM podcast features Phil Lojacono, founder of Berglinde, recently acquired by Blockstream Capital Partners. The discussion offers a grounded look at how Switzerland is evolving as a center for Bitcoin innovation and institutional digital asset activity.
In this episode, Membrane CEO’s, Carson Cook, and Head of Product, David Golding, join Phil to discuss how Swiss cantonal banks have taken early steps into Bitcoin custody and lending. Phil outlines the structural drivers that made this possible—stable funding, clear operational mandates, and growing recognition that Bitcoin, when managed correctly, can serve as high-quality collateral.
The conversation also looks at how regulatory dynamics are shifting across regions. While the United States and the UAE have recently accelerated with clearer frameworks, Swiss regulators are re-engaging amid increasing competitive pressure. Phil shares how these developments may shape the next phase of institutional adoption and Bitcoin credit markets.
Key discussion points include:
- Why Swiss cantonal banks moved early on Bitcoin custody and lending
- How volatility, liquidations, and collateral quality are handled institutionally
- The competitive positioning between Switzerland, the UAE, and the United States
- Why Bitcoin is gaining traction as a preferred institutional collateral
- The next stage of Bitcoin financial infrastructure
For teams involved in digital asset lending, credit, treasury, or risk functions, this episode provides a clear window into how traditional financial institutions are adapting to Bitcoin-backed products.
Learn more about Membrane’s loan and collateral management platform:
https://www.membranelabs.com/
