BiLira brings Turkish Lira stablecoin to Codex blockchain. SINGAPORE / ISTANBUL - November 11, 2025 - Codex is thrilled to announce a partnership with BiLira, Turkey's leading crypto exchange and the issuer of TRYB, a Turkish Lira-backed stablecoin. As part of the integration, TRYB will become natively available on the Codex blockchain, expanding the range of fiat-backed stablecoins supported by Codex. Codex is a high-throughput, EVM-equivalent Layer 2 blockchain built on Ethereum and purpose-built for stablecoin-native payments, FX, and settlement. By embedding compliance, identity, and FX primitives at the protocol level, Codex enables real-world use cases across consumers, small businesses, and institutions, including: * Institutional settlement: offering predictable, compliant, and final settlement rails for financial institutions. * Corporate treasury management: allowing businesses to hold, transfer, and program liquidity across multiple jurisdictions. * Onramps and offramps: connecting stablecoins with local banking systems for easy conversion to and from fiat. "We are excited about our partnership with BiLira, which expands Codex's geographical reach and diversifies the stablecoin offering available on the Codex blockchain," said Haonan Li, Codex co-founder and CEO. "Our mission has always been to make the Turkish Lira more accessible onchain. Partnering with Codex allows us to bring TRYB into a global stablecoin ecosystem designed for institutional settlement," said Sinan Koç, CEO of BiLira. Earlier this year, Codex partnered with Circle to enable native support for USDC. With the addition of TRYB, Codex continues to expand its support for local currency stablecoins and plans to onboard more fiat-backed assets, creating new FX opportunities and widening access to global payments infrastructure. About Codex Codex is Ethereum's stablecoin chain. Codex blockchain is a high-throughput, EVM-equivalent Layer 2 blockchain purpose-built for stablecoins. Codex extends Ethereum's capabilities with fiat-compatible primitives through native onramp and offramp transactions, compliance and identity mechanisms, native FX, and finality guarantees, enabling the real-world use cases that enterprises and institutions require. About BiLira Since 2019, BiLira has been dedicated to delivering professional financial services within the digital asset space. Drawing on its team's extensive experience in Financial Technology and harnessing the capabilities of blockchain technology, BiLira empowers thousands to tap into the value of crypto assets. About Codex Codex is a stablecoin infrastructure company. Its mission is to fulfil the oldest and most ambitious dream in crypto: a universal electronic cash system. The firm is backed by Dragonfly Capital, Circle Ventures, Coinbase Ventures, Primitive Ventures, Cumberland, Wintermute Ventures, CMT Digital, Mirana Ventures, Foresight Ventures, Reverie, Hustle Fund, and Selini Capital.

Codex, a startup focused on stablecoins, raised $15.8 million in seed funding led by Dragonfly Capital, with support from Coinbase Ventures and Circle. Despite a 25% crypto market downturn in Q1 2025, the stablecoin market grew by $40 billion, reaching a $230 billion market cap. Codex aims to address stablecoin inefficiencies with a Layer-2 solution on the Optimism Stack, targeting Southeast Asia. Execution and regulatory navigation are key to its success in the competitive stablecoin space.