Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
Brix, a startup focused on tokenizing high-yield assets in emerging markets, has completed a $5.5 million funding round to bring profitable operations from traditional finance onto the blockchain. The round included participation from the investment arm of Turkish bank Yapı Kredi, FRWRD, and İş Asset Management, the asset management subsidiary of İş Bank, along with crypto-native investors including Circle Ventures, ConsenSys, and Borderless Capital.
Led by co-founder and CEO Alp Ergin, Brix plans to go public on April 20 with the launch of iTRY, a digital asset backed by money market funds denominated in Turkish lira. The debut will take place through “World Markets,” the platform of MegaETH, an Ethereum scaling network positioned as a real-time solution with high throughput and low latency.
Brix’s stated value proposition is to broaden access to investment operations that have historically been reserved for large international banks. The carry trade in Turkish lira is highlighted as a key example. With Turkey’s central bank rate hovering around 40%, the available yield has attracted institutional investors while remaining largely out of reach for the general public.
Brix aims to package that exposure into a token that can be traded, used as collateral, and integrated into decentralized finance (DeFi) applications.
“Our edge is working with large local financial firms and combining that with years of building new DeFi markets,” Ergin stated.
The project’s architecture is described as relying on partnerships with local financial institutions that originate and manage the underlying assets. Brix handles on-chain distribution and composability. The team said it is also developing similar products tied to equities, funds, and bonds in markets including the UAE, Egypt, Mexico, Brazil, and South Korea.
The iTRY launch is also positioned as an early test for MegaETH. The network claims tens of thousands of transactions per second and block times below one second, which it says brings it closer to traditional financial market conditions than to conventional crypto environments.
Namik Muduroglu, head of strategy at MegaETH, said: “Brix represents the next frontier, offering retail investors access to yield opportunities in emerging markets that have historically been out of their reach.” According to the Brix team, emerging markets account for approximately 38% of the global economy and 60% of its growth, while access to their most profitable operations has remained limited.

Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…