Brix raises $5.5M to bring institutional-grade emerging market yield onchain via MegaETH, backed by Circle Ventures and ConsenSys

$5.5M is modest but the cap table tells the story — FRWRD (Yapi Kredi's venture arm) and Is Asset Management (Is Bank subsidiary) are two of Turkey's largest financial institutions backing a protocol that packages their own country's ~40% sovereign carry into composable DeFi yield. That's not just "institutional adoption" marketing, it's local TradFi actively piping domestic MMF returns into onchain rails via RedStone's hybrid FX oracle. Circle Ventures in the mix likely means a USDC/iTRY pair is coming, which would make parking stables in Turkish carry as simple as a swap on MegaETH.

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