News linked to both this project and an event.
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.
According to The Block, renowned startup accelerator Y Combinator has completed its first fully stablecoin investment, paying $500,000 in USDC to prediction market startup Totalis via three on-chain transactions on Solana. The funds are held in custody by Ramp, a financial operations platform. Y Combinator CEO Garry Tan stated that the accelerator will make stablecoin payments available to all YC-backed startups—not limited to crypto-related companies. Totalis plans to use Ramp to execute both stablecoin and fiat transactions simultaneously and to pay credit card bills from its stablecoin account.