Status: Active
Sector: Web3
Industry: Cryptocurrency & Blockchain Technology, Centralized Exchange (CEX), Decentralized Finance (DeFi), On-Off Ramp, Tokenized Funds
Summary: BiLira is a leading blockchain company in Turkey, offering products like BiLira Kripto, TRYB stablecoin, BiLira Direct, tokenized funds, and market making services to enhance financial transaction efficiency and accessibility.
Company Overview: Founded in 2019, BiLira is dedicated to facilitating easy access to the cryptocurrency ecosystem for both individual and institutional users. BiLira has established itself as a prominent and value-driven blockchain company in Turkey, offering a range of innovative products. These include BiLira Kripto, an exchange that provides the best prices,deep liquidity and early access to the most sought-after assets worldwide; BiLira TRYB, a stablecoin pegged to the Turkish Lira; and BiLira Direct, an on-ramp product that facilitates fiat integration for partner applications. BiLira is currently working on fund tokenization using blockchain technology to give access to investment opportunities on global financial markets. BiLira also provides liquidity on local exchanges for market making purposes.
Business Model: BiLira’s business model is based on revenue generated from transactions across the products provided to users and from its market-making services.
Product & Services:
1- Stablecoin – TRYB
TRYB acts as a settlement layer between fiat and crypto markets. It is a stablecoin pegged to the Turkish Lira, issued and managed by BiLira, and backed by the Turkish Lira at a 1:1 ratio.
2- Exchange – BiLira Kripto
BiLira Kripto was developed to address liquidity issues in crypto vs. Turkish Lira pairs. It is the most liquid exchange in Turkey, offering the best prices and the lowest market fees compared to other local exchanges.
3- Fiat On/Off Ramp Solution – BiLira Direct
BiLira Direct provides the most convenient fiat on/off ramp solution on the market, allowing Turkish users to enter the crypto ecosystem within minutes. It simplifies the process of buying and selling different cryptocurrencies via bank transfer, offering the best pricing compared to other providers.
4- Fund Tokenization
BiLira is currently working on fund tokenization using blockchain technology. Through the tokenization of crypto trading strategies, traditional finance instruments, defi strategies, and venture capital funds, BiLira aims to create an easy gateway for users to access various investment opportunities.
5- Market Making
BiLira’s algorithmic trading team developed a market making algorithm which involves providing exchanges greater liquidity and full order books to improve trading execution. BiLira is one of the most significant market makers in Turkey.
Key People:
Sinan Koç: Co-Founder and CEO
Murat Fırat: Co-Founder and CTO
Investment & Growth Information:
BiLira has secured $3.8 million in funding at a valuation of $125 million. With this investment, the company plans to expand its operations and develop its product range further. BiLira’s growth strategy focuses on increasing its user base and enhancing the efficiency of financial transactions through innovative blockchain solutions.
Important Links:
https://www.bilira.co/
https://www.instagram.com/bilira_kripto/
https://www.linkedin.com/company/bilira/
https://x.com/BiLira_Kripto