M1X Global closed an $8.5M Seed funding round led by Paradigm to scale USDM1, the first USD-denominated sovereign bond issued natively on a public blockchain. Backed 1:1 by US Treasuries and issued by the Marshall Islands, USDM1 combines government debt structure with on-chain programmability for institutional markets.
M1X Global, a sovereign financial infrastructure company, announced an $8.5M Seed funding round led by Paradigm, just 14 weeks after its public launch. The funding accelerates USDM1, the first USD-denominated sovereign bond issued natively on a public blockchain, backed 1:1 by US Treasuries and issued by the Republic of the Marshall Islands. USDM1 combines the legal and economic structure of fully collateralized sovereign debt with blockchain programmability, enabling T+0 settlement and institutional use as eligible sovereign collateral. The instrument is already in institutional working groups with major financial institutions including Bank of America, Citadel Securities, Virtu Financial, Tradeweb, and DTCC.
