Brix Raises $5.5M for Turkish Lira Stablecoin Launch
Brix, an emerging markets-focused startup, has raised $5.5 million to tokenize high-yielding assets, with plans to launch a Turkish lira stablecoin on April 20. The funding was led by Yapi Kredi’s venture arm and Is Asset Management, with participation from crypto-native investors. The company aims to enable yield strategies involving its stablecoin, iTRY, through recursive looping on MegaETH.
Topics: blockchain emerging markets funding stablecoin tokenization