Featured image for “The Architecture of Digital Asset Credit”

The Architecture of Digital Asset Credit

August 4, 2026
Traditional secured lending is embracing digital assets. The question is who maintains the operating record when lenders, borrowers, custodians, and settlement systems all need to rely on the same transaction…
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The Hidden Fragmentation of Tokenized Equities

July 22, 2026
The equities market is on the cusp of a structural transformation that most participants haven’t fully priced in. For decades, a share of Apple was a share of Apple —…
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Featured image for “13% of Large Banks Implemented Digital Assets. 28% Piloting. The Gap Isn’t Technology.”

13% of Large Banks Implemented Digital Assets. 28% Piloting. The Gap Isn’t Technology.

May 18, 2026
For Banks, Digital Assets Are Outpacing The Infrastructure For years, the conversation around digital assets in banking has been dominated by a familiar question: Is this real or is it…
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Good Fences Make Good Neighbors. They Make Terrible Markets.

April 9, 2026
Institutions in digital asset credit have built sophisticated internal infrastructure. The boundary between those institutions remains largely ungoverned. There is a pattern in financial history that speaks directly to what…
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Why Institutional Collateralized Lending Is Emerging as the New Standard

October 22, 2025
By Will Galvin, COO, Membrane Labs Every financial innovation eventually circles back to one principle: trust must be structured. In digital assets, that structure now takes the form of collateralized…
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Crypto is Good for the US

September 19, 2024
Circle’s decision to move its headquarters from Boston to One World Trade Centre ahead of its planned IPO represents yet another step in the broad acceptance of stablecoins in traditional…
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Risk Off

July 5, 2023
Crypto trading and lending desks navigate many risks, and managing these risks effectively is crucial for ensuring the stability and security of operations. These desks currently do not have an…
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Here comes the Great Unbundling!

January 30, 2023
The next 12 months will see a significant change – a Great Unbundling – in the structure of crypto institutions. Companies in the industry will begin to specialize in individual…
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Membrane 2023 Outlook and Predictions

January 30, 2023
Membrane CEO, Carson Cook, and CIO, Lawrence Richardson give their predictions for Crypto in 2023. Carson Cook, Chief Executive Officer The “great unbundling” will begin, as crypto institutions move away…
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