TRY / yield-bearing stablecoin

Wrapped iTRY

wiTRY · issued by Brix Money (iTRY backed by a BVI-regulated fund holding Turkish money market instruments). verified

45.00%

published yield

$8.72M

size

permissionless

can you hold it

The terms

Issuer: Brix Money (iTRY backed by a BVI-regulated fund holding Turkish money market instruments)
Jurisdiction: British Virgin Islands (fund); Brix is an emerging-market tokenisation platform
Chains: Ethereum, MegaETH
Contracts: Ethereum 0xE346C29b5B60Ef870b9724c57ccfbBc631e47DEE explorer
MegaETH 0x15B271D9012b5820FC42b1c495B4C1e206547De5 explorer
Yield basis: Approximate APY passed through from regulated Turkish money market funds; accrues as wiTRY appreciates against iTRY (ERC-4626 exchange rate), no manual claim source
Size: $8.72M source
Minimum: No minimum for secondary-market purchase; primary mint/redeem is restricted to whitelisted institutional participants
Who may hold it: Primary market: eligible whitelisted participants only. Secondary market: permissionless, retail users can trade without permission. source
Redemption: Whitelisted participants mint and redeem iTRY at a fixed price on the primary market; everyone else exits via secondary market. wiTRY unwraps to iTRY via the ERC-4626 pool. source
Cost to enter: not disclosed, Brix docs contract/fee pages returned 451 and permission errors
Transferability: Freely transferable. No allowlist at the token level.
Secondary liquidity: A wiTRY/USDM lending market went live on Morpho (built by Featherlend) on MegaETH on 29 Jul 2026, with RedStone price feeds; further liquidity cited on Kumbaya and Prism. I could not read a TVL figure for that market. This is the only APAC/ROW non-USD instrument in this slice with real DeFi composability.

What we think you should know

The standout find in this slice: a live, freely transferable, genuinely on-chain, non-USD yield instrument. Brix raised $5.5M (announced Apr 2026); Circle and Zodia Custody are associated (Zodia holds reserves), with Proof of Solvency from Accountable Capital. iTRY (the non-yield base stablecoin) is at Ethereum 0xb492B4aFD9658093694CF9452D5C272e8230F3B0, verified on Ethplorer, 424,419,007 supply, 20 holders, and MegaETH 0x996ce957408804fec19237d866799d9c7076e48c. wiTRY Ethereum supply is 368,380,157 with only 12 holders (Ethplorer), so this is early and highly concentrated. The ~45% APY is a Turkish policy-rate carry and comes with commensurate lira depreciation risk; the figure is from trade press, not from Brix's own dashboard, which returned HTTP 451 (likely geoblocked). Brix currently offers TRY only; its site references Brazil and Egypt rates as future targets without committing to products.

Sources

Other TRY instruments

Instrument	Ccy	Type	Yield	Size	Access	Confidence
Yield TRYB yTRYB	TRY	yield-bearing stablecoin	not published	$1.25k	not established	unverified