Brix

Key developments (2026-03-04 to 2026-09-04):

1. Funding & launch: On April 15, 2026, Brix raised $5.5M (backed by Yapı Kredi's FRWRD, İş Asset Management, Circle Ventures, ConsenSys, Borderless Capital, etc.) to tokenize high-yield emerging market assets. Its first product, iTRY (later rebranded wiTRY), a Turkish lira money market fund-backed token, went live on MegaETH's World Markets platform on April 20.

2. dApp beta: On May 12, Brix's dApp launched in beta, allowing users to access institutional-grade Turkish Lira money market fund yields by holding wiTRY.

3. Yield distribution: On June 8, Brix announced that in May it distributed over 6M wiTRY (~$153,417) in yield.

4. First onchain FX carry market: In early June, Brix introduced wiTRY-USDM, the first onchain FX carry lending market on Morpho (deployed by Feather, powered by MegaLabs). Users can use wiTRY as collateral to borrow USDM, enabling leveraged carry trades up to 4x.

Future roadmap:

• Expand tokenized assets beyond Turkey to include equities, funds, and bonds across UAE, Egypt, Mexico, Brazil, and South Korea.
• Deepen partnerships with local banks and financial institutions for issuance, custody, and management.
• Continue building composable onchain financial structures that connect DeFi capital with real-world emerging market yield.