M1X selected DFNS as core banking and wallet infrastructure for sovereign financial instruments on public blockchains. The partnership powers USDM1, a U.S. Treasury-backed digital bond issued by the Republic of the Marshall Islands. USDM1 funds quarterly universal basic income payments to Marshall Island citizens and is integrated into institutional collateral workflows with Bank of America, Citadel Securities, and Virtu Financial. DFNS provides account management, transaction processing, treasury operations, and governance controls required for sovereign-grade operations across Stellar, Canton, and Solana.
M1X selected DFNS as the core infrastructure layer powering USDM1, the first digital sovereign debt instrument issued natively on a blockchain. USDM1 is backed 1:1 by U.S. short-duration Treasuries, issued by the Marshall Islands under New York law, and operates on Stellar, Canton, and Solana. The instrument funds quarterly universal basic income payments to Marshall Island citizens—the world's first on-chain UBI disbursement occurred in December 2025—and serves as high-quality collateral in institutional workflows. Anchorage Digital integrated USDM1 into its custody platform in April 2026, enabling institutions to hold the instrument and use it in 24/7 margin, repo, and financing workflows. DFNS provides the institutional-grade infrastructure required: multi-network support, governance controls enforced below the API, and SOC 2 Type II compliance with zero breaches since 2020.
