M1X Global

M1X Global builds sovereign financial infrastructure, operating in public-private partnership with the Republic of the Marshall Islands to help governments issue and manage financial instruments natively onchain. It coordinates the legal, compliance, technology, custody and institutional infrastructure behind USDM1, a US dollar-denominated sovereign bond issued natively onchain by the Republic of the Marshall Islands, structured in the style of a fully collateralized Brady bond under New York law with a customary waiver of sovereign immunity, and backed one-to-one by pledged short-duration US Treasuries held in a bankruptcy-remote structure with an independent US trust company holding a perfected first-priority security interest. USDM1 was first issued on Stellar and is also available on Canton and Solana, with custody from Anchorage, BitGo and tZERO, support from Bank of Guam and Cleary Gottlieb as issuer's counsel, and it also supports the world's first nationwide universal basic income program in the Marshall Islands. On August 27, 2026, M1X Global, Virtu Financial and Tradeweb announced the first fully onchain repo transaction in which the securities leg was a sovereign digital bond: executed bilaterally on the Tradeweb platform between regulated institutional counterparties, without prime broker intermediation, every element settled atomically on the Canton Network, with the full cycle completed in under 10 minutes. M1X Global launched publicly in March 2026 with a $3 million angel round and raised a $5.5 million seed round led by Paradigm in July 2026, and joined the DTC Digital Assets Solutions Industry Working Group.