BiLira, which received an investment of 7.5 million TL in March of last year, announced that it had received a new investment after about 1 year.
According to the information conveyed by BiLira, the venture received an investment of 2.5 million dollars. It was held with the participation of Alameda Research, 21 Shares, Finberg, SaxeCapital and angel investors. Let us remind you that Alameda Research participated in the investment realized last March.
According to the information shared by BiLira, the company’s valuation reached 125 million dollars with the new investment. Founded by Sinan Koç, Vidal Arditi and Murat Fırat in April 2019, BiLira continues to work on blockchain technologies.
TRYB, which is the stable cryptocurrency of BiLira indexed to Turkish Lira, can work on Ethereum, Avalanche, Binance Smart Chain, Solana, Algorand and Polygon blockchain networks.
In addition to payment systems solutions, BiLira will rapidly increase the use of different blockchain technologies such as NFT, game-fi, metaverse, and web 3.0 with this investment. The main goal of the BiLira initiative is to ensure that Turkish stable crypto money can be used safely in the financial world in an accessible, fast and transparent way by everyone.
BiLira co-founder and CEO Sinan Koç, who made statements regarding the investment received, stated that they aim to develop new products on the blockchain networks they are on, especially by increasing their cooperation with the new global decentralized finance platforms and exchanges.