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Project Overview
Borderless.xyz is a payments infrastructure platform that allows global money transactions between stablecoins, real-world assets, and other “internet-native currencies” and fiat currencies.
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Tokenization startup Brix closes $5.5M funding round, with participation from Circle Ventures and others
According to The Block, Brix—a startup focused on tokenizing emerging-market assets—has announced a $5.5 million funding round. Participants include Yapi Kredi’s venture capital arm, FRWRD, IS Asset Management, and crypto investment firms Circle Ventures, ConsenSys, and Borderless Capital. Brix plans to launch on the MegaETH network, aiming to bring traditionally institutional trading strategies—such as Turkish lira arbitrage—on-chain.
Stablecoin FX services in Latin America and East Africa are approaching “institutional-grade” levels comparable to traditional banking channels.
According to The Block, data from payment infrastructure firm Borderless shows that stablecoin foreign exchange conversion is gradually reaching price parity with traditional banking channels along key corridors in Latin America and East Africa. The Latin American market has already achieved “institutional-grade” pricing, with execution costs approaching zero; meanwhile, in the East African market, bid-ask spreads are rapidly narrowing as service provider competition intensifies.