[PRESS RELEASE – Zug, Switzerland, December 23rd, 2025]
The transaction was settled and serviced via Membrane’s post-trade credit score infrastructure and executed beneath a GMRA and Digital Asset Annex, establishing the primary standardized stablecoin funding market on public blockchains.
Solstice Labs, Cor Prime, and Membrane Labs right now introduced the profitable completion of the primary institutional stablecoin-for-stablecoin repurchase settlement (Repo) executed beneath conventional market documentation and settled on a public blockchain. The transaction marks the creation of a standardized, institutional-grade stablecoin funding market that brings acquainted TradFi liquidity instruments instantly onto public blockchain rails.
The repo was executed bilaterally beneath a International Grasp Repurchase Settlement (GMRA) and Digital Asset Annex, with asset and money legs transferred instantly between institutional wallets on Solana and Ethereum. Membrane’s institutional post-trade credit score infrastructure supplied on-chain settlement, servicing, and lifecycle administration, enabling cross-chain motion of belongings with full possession switch and repo-style unwind.
This construction represents the primary time a local stablecoin has served because the asset leg in an institutional repo. Solstice posted its native stablecoin, USX, because the asset leg, whereas Cor Prime supplied USDC because the money leg. The 2 legs will unwind at maturity at a value reflecting the agreed-upon repo price. Not like smart-contract lending swimming pools, this transaction mirrors the authorized, operational, and financial mechanics of conventional repo markets.
A New Funding Primitive for Stablecoins
Stablecoins range broadly in liquidity, regulatory remedy, and institutional adoption. Till now, issuers and merchants have lacked the funding instruments utilized in conventional markets to supply liquidity, defend pegs, or entry short-term financing with out promoting stock. Overcollateralized loans and automatic lending swimming pools have been the one out there fashions, neither of which resembles institutional repo constructions.
By enabling USX to be financed towards USDC via a standardized repo, Solstice features new flexibility in steadiness sheet administration and peg resilience. The construction additionally opens new avenues for traders to earn structured returns utilizing market mechanics they already perceive.
“This repo exhibits that stablecoins can use the identical steadiness sheet instruments as conventional market members,” stated David Plisek, COO of Solstice. “For Solstice and USX, it reinforces peg resilience via disciplined liquidity administration and allows surplus capital to boost structured, low-risk yield for the protocol with out compromising stability.”
New Institutional Infrastructure for Onchain Credit score Markets
Membrane supplied the post-trade credit score infrastructure required to execute, margin, settle, and repair the repo throughout chains. Its platform allows establishments to transact utilizing acquainted authorized documentation whereas benefiting from the velocity and finality of public blockchain settlement.
“This is step one towards a real institutional repo marketplace for digital belongings. Stablecoin collateral can now transfer with authorized certainty, operational self-discipline, and time period construction, all on public blockchains,” stated Carson Cook dinner, CEO at Membrane. “Membrane is constructing the pre-and post-trade credit score infrastructure layer that can make this market operate at international scale.”
Cor Prime provided the institutional liquidity required to make the repo purposeful, performing because the OTC counterparty and enabling the primary cross-chain repo settlement between stablecoins on a public community.
“Working in partnership with Solstice Labs and Membrane, this repo transaction demonstrates that systematically integrating off-chain liquidity with on-chain markets strengthens the whole ecosystem,” stated Tim Bevan, CEO at Cor Prime. “The result’s a extra environment friendly market, the place capital can transfer seamlessly to the place it’s best utilized.”
A Basis for a Stablecoin Funding Curve
The profitable completion of this transaction establishes the premise for a real funding marketplace for stablecoins throughout public blockchains. As this construction evolves, issuers will have the ability to handle liquidity extra successfully, market makers will acquire entry to stablecoin financing aligned with institutional requirements, and traders will have the ability to earn repo-style returns backed by digital belongings.
This is step one towards a standardized stablecoin funding curve, bringing repo-style financing — one of the vital vital liquidity mechanisms in international markets — into the digital asset ecosystem.
About Solstice
Solstice Finance is a decentralized finance protocol developed by Solstice Labs AG, a Deus X Enterprise firm, in partnership with the Solstice Basis. Collectively they’re reimagining asset administration for the onchain period. Solstice’s Protocol leverages a licenced permitted supervisor and fund to supply institutional-grade entry to DeFi and TradFi traders. Key merchandise embrace USX, a Solana-native stablecoin alongside Solstice’s YieldVault, a democratized yield-bearing protocol that enables members to entry institutional-grade delta-neutral yields.
Bolstering the group’s crypto credentials, Solstice Labs AG additionally operates Solstice Staking AG, one of the vital trusted infrastructure suppliers within the trade, securing over $1 billion in belongings throughout 9,000+ validator nodes.
Customers can be taught extra at https://solstice.finance and comply with @solsticefi in addition to @solsticestaking.
About Membrane
Membrane is the main international supplier of custodian- and blockchain-agnostic credit score infrastructure. Its patented expertise helps end-to-end pre- and post-trade workflows, enabling establishments to find, execute, settle, and handle mortgage, repo, and collateral lifecycles with confidence.
Customers can be taught extra at https://membranelabs.com/.
About Cor Prime
Cor Prime is an institutional-grade digital asset credit score platform designed to deploy funding utilizing bank-style threat structure. The agency supplies collateralised credit score via legally segregated, bankruptcy-remote constructions, combining rigorous counterparty due diligence, steady collateral monitoring, and predefined margining and liquidation processes. Backed by first-loss capital and working beneath regulatory oversight, Cor Prime allows institutional traders to entry yield in digital asset markets with a robust deal with capital preservation and threat management.
Customers can be taught extra at https://corprime.com/.
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