# Brix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brix

- Industry: Financial Services
- Headquarters: Road Town, British Virgin Islands
- Website: www.brix.money
- Total disclosed funding: $5.5M
- Latest round: Seed (Apr 15, 2026)
- Investors on record: 7

## About

Brix, based in the British Virgin Islands, specializes in tokenizing emerging market assets through innovative financial products, enhancing investment accessibility for institutional and retail investors. Founded by Alp Ergin, Brix operates from Tortola, British Virgin Islands, focusing on tokenized assets in emerging markets. The current CEO is Alp Ergin. In April 2026, Brix raised USD 5.5 million seed funding from frwrd.fund, Is Asset Management, Circle Ventures, ConsenSys Ventures, Paribu Ventures, Webrazzi and Borderless Capital. Individual and Other unspecified investors also participated in the round. Brix specializes in providing tokenized emerging market assets through its innovative financial products. Their flagship offerings include iTRY, a Turkish Lira stablecoin backed by regulated money market funds, and wiTRY, a yield-earning counterpart available from day one on World Markets. Both products are designed to enhance accessibility to emerging market investments, targeting institutional and retail investors seeking exposure to high-growth markets. The company focuses on key geographical markets, prominently including Turkey, Brazil, and Egypt, leveraging local currency structures to facilitate investment. By utilizing blockchain technology, Brix ensures direct, on-chain access to these assets, minimizing the need for intermediaries and allowing clients to engage in real-time transactions.Brix generates revenue through transaction fees associated with the trading and management of its tokenized assets, specifically through its iTRY and wiTRY products. Clients engage with Brix by purchasing or trading these stablecoins, which may also include yield-generating options to enhance their investment returns. The structure of transactions typically involves direct interactions between Brix and its clients, including institutional investors and individual users seeking emerging market exposure. Pricing plans for these products reflect the competitive landscape of emerging market investments, capitalizing on the potential yields connected to the respective currencies. Brix's operational model emphasizes transparency and adherence to regulatory frameworks, fostering trust and encouraging participation from a wide array of investors. The company will use the April 2026 funding to deploy Brix on the MegaETH network to tokenize emerging-market credit and structured products, enabling global investors to access on-chain, high-yield assets. Brix plans to expand its product offerings and enhance its presence in markets like Turkey, Brazil, and Egypt in the coming years.

## Funding rounds

- Seed, Apr 15, 2026, $5.5M — Is Asset Management, Webrazzi, ConsenSys Ventures, Borderless Capital, Circle Ventures, Paribu Ventures, frwrd.fund

## Investors

- Is Asset Management — Seed
- Webrazzi — Seed
- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Seed
- Borderless Capital (https://capitalatlas.ai/funds/borderless-capital) — Seed
- Circle Ventures — Seed
- Paribu Ventures (https://capitalatlas.ai/funds/paribu-ventures) — Seed
- frwrd.fund — Seed