Membrane Labs and BitGo Announce Strategic Partnership to Power BitGo's Prime Offering

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Membrane Labs and BitGo are pleased to announce a strategic partnership aimed at enhancing BitGo's prime services offerings. This collaboration will leverage Membrane's advanced digital asset management technology infrastructure to drive BitGo's financing business, including capabilities in lending, borrowing, and potentially margin trading.

"We are thrilled to integrate Membrane's technology into our financing operations," said Mike Belshe, CEO at BitGo. "This partnership enables us to expand our financing solutions, optimizes our operations, and positions us to offer more advanced capital solutions in the future."

Membrane's loan management software, which facilitated over $3 billion in bookings last year, is designed to streamline prime services. By incorporating this technology, BitGo aims to deliver comprehensive financing solutions that maximize capital efficiency for their clients.

"Our technology has been developed over the past four years with a focus on enabling prime services," said Carson Cook, CEO of Membrane Labs. "We're excited to see it deployed by a digital asset leader like BitGo and look forward to supporting their continued success as they expand their product lines."

About Membrane Labs
Membrane Labs delivers institutional-grade solutions for managing digital assets, minimizing operational and counterparty risk while maximizing operational and capital efficiency. Accessible via API or web interface, the Membrane platform offers fully customizable workflows for loan lifecycle management, post-trade OTC management and settlement across trading and derivatives, and streamlined treasury operations, including reconciliation, payments, and real-time reporting.

About BitGo
BitGo is a leading provider of digital asset financial services, offering institutional investors liquidity, custody, and security solutions. Active in both centralized and decentralized finance, BitGo provides market-leading trading, lending, and borrowing services through its prime brokerage platform. The company is also the custodian for WBTC, the leading global stablecoin for Bitcoin.

SOURCE Membrane Labs