
M1X Global, a sovereign financial infrastructure and technology company, today announced its public launch alongside the close of an oversubscribed $3 million angel round. The funding, spanning strategic investments and

<p xmlns="http://www.w3.org/1999/xhtml">
M1X Global, a sovereign financial infrastructure and technology company, today announced its public launch alongside the close of an oversubscribed $3 million angel round. The funding, spanning strategic investments and grants, will support platform development and accelerate regulated institutional adoption of USDM1, the first USD-denominated, treasury collateralized sovereign debt instrument issued natively by a sovereign on public blockchain infrastructure.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The $3 million in funding drew participation from leading figures across global capital markets and digital asset infrastructure, including Balaji Srinivasan, former CTO of Coinbase; Tama Churchouse, CEO of Cumberland Labs; Richard Gorelick, former Head of Market Structure at DRW; and Dan Robichaud, former CIO at Intel. Institutional participation from FJ Labs and grant funding from Stellar Development Foundation reflect strong alignment between private capital and mission-driven partners advancing blockchain-based market development.

</p><p xmlns="http://www.w3.org/1999/xhtml">
M1X Global is building infrastructure that enables governments to issue and manage financial instruments natively on-chain while maintaining compatibility with global institutional frameworks. Its flagship initiative, USDM1, developed in public-private partnership with the Republic of the Marshall Islands (RMI), provides a working example of this model. Issued directly by the government of the RMI, USDM1 is a U.S. dollar-denominated sovereign bond fully collateralized (1:1) by short-duration U.S. Treasury instruments and structured under New York law, designed to provide holders with a perfected first-priority security interest in collateral. USDM1 is not a tokenized or wrapped instrument and maintains programmable, 24/7 settlement.

</p><p xmlns="http://www.w3.org/1999/xhtml">
USDM1 supports the world's first nationwide Universal Basic Income program as a disbursement rail in the RMI, enabling instant delivery of funds to citizens via the Lomalo digital wallet across one of the world's most geographically dispersed island nations.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Mark Lurie, Co-Founder and Chief Executive Officer of M1X Global, said:</b> <i xmlns="http://www.w3.org/1999/xhtml">"M1X Global is focused on modernizing sovereign financial infrastructure for a digital, always-on capital market environment. With USDM1, we've demonstrated how sovereign debt can be issued as a programmable, digitally native instrument without compromising institutional standards. This funding allows us to scale that model and deepen integration across government use and institutional markets."</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Jordan Goldman, Co-Founder and COO of M1X Global, added: </b><i xmlns="http://www.w3.org/1999/xhtml">"USDM1 was structured to function across domestic and regulated institutional markets. As a Treasury-backed sovereign financial instrument with look-through maintained, it can serve as high-quality collateral - improving capital efficiency and optimizing balance sheet treatment across 24/7 institutional trading and financing workflows."</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Dr. Peter Dittus, former Secretary General of the Bank for International Settlements and M1X Global advisor, said:</b> <i xmlns="http://www.w3.org/1999/xhtml">"USDM1 applies established sovereign debt principles in a digitally native format that supports institutional capital treatment. This is a critical distinction from privately issued digital dollar instruments - and one that enables broader adoption across regulated financial institutions."</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Following its public launch, M1X Global is coordinating and scaling regulated institutional use of USDM1. By combining sovereign exposure with U.S. Treasury collateralization, USDM1 introduces a new category of digitally native, collateralized sovereign debt that integrates with trading, financing, and liquidity workflows with institutional compatibility and legal certainty.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Proceeds from the round will fund expanded institutional access for USDM1, pilot programs with derivatives and capital markets participants, and continued development of M1X Global's platform for sovereign issuers operating in 24/7 on-chain markets. M1X Global's advisory board includes Dr. Peter Dittus supporting capital treatment and regulatory positioning and Leon Marshall, former CEO Europe at Galaxy Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GLXY">GLXY</a>), supporting institutional distribution and market development.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">ENDS</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About M1X Global</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
M1X Global is a sovereign financial infrastructure and technology company bridging public finance and on-chain capital markets. Operating in public-private partnership with the Republic of the Marshall Islands, M1X coordinates legal, compliance, technology, custody and institutional infrastructure required to integrate sovereign digital instruments and global markets.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About USDM1</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
USDM1 is USD-denominated sovereign debt issued natively on-chain by the Republic of the Marshall Islands, secured 1:1 by short-duration U.S. Treasury instruments held in bankruptcy remote custody. The RMI operates exclusively on the U.S. dollar standard under its Compact of Free Association with the United States, which establishes the dollar as its sole legal tender. For more, see the government's white-paper "<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fmof.gov.mh%2Fwp-content%2Fuploads%2F2025%2F12%2FFinancial-Access-and-the-Path-to-USDM1-Link.pdf&amp;esheet=54465767&amp;newsitemid=20260326536769&amp;lan=en-US&amp;anchor=Financial+Access+and+the+Path+to+USDM1&amp;index=1&amp;md5=9401fe790e140f8aa6094bf6d90eb981" shape="rect">Financial Access and the Path to USDM1</a>."

</p><p xmlns="http://www.w3.org/1999/xhtml">
USDM1 is structured in the style of a fully collateralized Brady bond under New York law, with an explicit customary waiver of sovereign immunity. USDM1 provides holders with a perfected first-priority security interest in collateral. Unlike privately issued digital dollar instruments, USDM1 is structured as sovereign debt with collateral perfected by control under UCC, enabling compatibility with ISDA netting frameworks and supporting inclusion in ISDA netting sets. As institutional-grade collateral, USDM1 supports integration in institutional margin, repo and financing workflows and operates within existing legal, accounting, and capital frameworks, improving capital efficiency and balance sheet treatment.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Cleary Gottlieb serves as issuer&#39;s counsel and advised with respect to the structuring of the instrument under New York law with the participation of partners specializing in sovereign debt, UCC and secured transactions, creditors' rights, netting and digital asset market infrastructure.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260326536769r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260326536769/en/" rel="nofollow">https://www.businesswire.com/news/home/20260326536769/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Kishan Naran
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:kishan.naran@wachsman.com" shape="rect">kishan.naran@wachsman.com</a>

</p>

GLXY

M1X Global Announces Public Launch and Oversubscribed $3 Million Angel Round to Scale On-Chain Sovereign Finance

M1X Global Launches Digital Sovereign Debt Instrument USDM1

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>M1X Global, a sovereign financial infrastructure and technology company, today announced its public launch alongside the close of an oversubscribed $3 million angel round. The funding, spanning strategic investments and</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>M1X Global has announced its public launch and received $3 million funding to promote its sovereign debt instrument, USDM1, which is collateralized by U.S. Treasury securities. The initiative aims to deepen institutional adoption and support programs like Universal Basic Income in the Republic of the Marshall Islands, indicating potential market growth for digital financial innovations.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>M1X Global launched with $3 million in funding for digital sovereign debt.</li><li>USDM1 is the first treasury-collateralized sovereign instrument on blockchain.</li><li>Former Galaxy Digital CEO involved in M1X to boost institutional distribution.</li><li>USDM1 designed for both domestic and regulated markets for capital efficiency.</li><li>New sovereign debt instrument aims to support Universal Basic Income in RMI.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>M1X Global (N/A)</strong>: New player in the sovereign digital asset space.</li><li><strong>Galaxy Digital (GLXY)</strong>: Former CEO&#039;s involvement may enhance GLXY&#039;s market credibility.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it represents a significant milestone for M1X Global and the broader digital asset industry, introducing a new category of sovereign debt that could attract institutional interest.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>M1X&#039;s successful funding round could encourage more sovereigns to explore digital debt.</li><li>Institutional support for USDM1 may increase demand for related digital assets in the market.</li><li>The success of Universal Basic Income could spotlight collaborative innovations among investors.</li><li>M1X&#039;s developments may advance regulatory standards for blockchain-based finance.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>M1X Global raised an oversubscribed $3 million angel round.</li><li>USDM1 is the first U.S. treasury collateralized sovereign debt on-chain.</li><li>The instrument supports Universal Basic Income in the Republic of the Marshall Islands.</li><li>Renowned figures from capital markets invested, indicating strong confidence in M1X.</li><li>Leon Marshall from Galaxy Digital is working on USDM1&#039;s institutional distribution.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>GLXY is positioned for potential upside as digital sovereign debt gains traction, likely within 12-18 months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
M1X Global, a sovereign financial infrastructure and technology company, today announced its public launch alongside the close of an oversubscribed $3 million angel round. The funding, spanning strategic investments and grants, will support platform development and accelerate regulated institutional adoption of USDM1, the first USD-denominated, treasury collateralized sovereign debt instrument issued natively by a sovereign on public blockchain infrastructure.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The $3 million in funding drew participation from leading figures across global capital markets and digital asset infrastructure, including Balaji Srinivasan, former CTO of Coinbase; Tama Churchouse, CEO of Cumberland Labs; Richard Gorelick, former Head of Market Structure at DRW; and Dan Robichaud, former CIO at Intel. Institutional participation from FJ Labs and grant funding from Stellar Development Foundation reflect strong alignment between private capital and mission-driven partners advancing blockchain-based market development.

</p><p xmlns="http://www.w3.org/1999/xhtml">
M1X Global is building infrastructure that enables governments to issue and manage financial instruments natively on-chain while maintaining compatibility with global institutional frameworks. Its flagship initiative, USDM1, developed in public-private partnership with the Republic of the Marshall Islands (RMI), provides a working example of this model. Issued directly by the government of the RMI, USDM1 is a U.S. dollar-denominated sovereign bond fully collateralized (1:1) by short-duration U.S. Treasury instruments and structured under New York law, designed to provide holders with a perfected first-priority security interest in collateral. USDM1 is not a tokenized or wrapped instrument and maintains programmable, 24/7 settlement.

</p><p xmlns="http://www.w3.org/1999/xhtml">
USDM1 supports the world's first nationwide Universal Basic Income program as a disbursement rail in the RMI, enabling instant delivery of funds to citizens via the Lomalo digital wallet across one of the world's most geographically dispersed island nations.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Mark Lurie, Co-Founder and Chief Executive Officer of M1X Global, said:</b> <i xmlns="http://www.w3.org/1999/xhtml">"M1X Global is focused on modernizing sovereign financial infrastructure for a digital, always-on capital market environment. With USDM1, we've demonstrated how sovereign debt can be issued as a programmable, digitally native instrument without compromising institutional standards. This funding allows us to scale that model and deepen integration across government use and institutional markets."</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Jordan Goldman, Co-Founder and COO of M1X Global, added: </b><i xmlns="http://www.w3.org/1999/xhtml">"USDM1 was structured to function across domestic and regulated institutional markets. As a Treasury-backed sovereign financial instrument with look-through maintained, it can serve as high-quality collateral - improving capital efficiency and optimizing balance sheet treatment across 24/7 institutional trading and financing workflows."</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Dr. Peter Dittus, former Secretary General of the Bank for International Settlements and M1X Global advisor, said:</b> <i xmlns="http://www.w3.org/1999/xhtml">"USDM1 applies established sovereign debt principles in a digitally native format that supports institutional capital treatment. This is a critical distinction from privately issued digital dollar instruments - and one that enables broader adoption across regulated financial institutions."</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Following its public launch, M1X Global is coordinating and scaling regulated institutional use of USDM1. By combining sovereign exposure with U.S. Treasury collateralization, USDM1 introduces a new category of digitally native, collateralized sovereign debt that integrates with trading, financing, and liquidity workflows with institutional compatibility and legal certainty.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Proceeds from the round will fund expanded institutional access for USDM1, pilot programs with derivatives and capital markets participants, and continued development of M1X Global's platform for sovereign issuers operating in 24/7 on-chain markets. M1X Global's advisory board includes Dr. Peter Dittus supporting capital treatment and regulatory positioning and Leon Marshall, former CEO Europe at Galaxy Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GLXY">GLXY</a>), supporting institutional distribution and market development.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">ENDS</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About M1X Global</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
M1X Global is a sovereign financial infrastructure and technology company bridging public finance and on-chain capital markets. Operating in public-private partnership with the Republic of the Marshall Islands, M1X coordinates legal, compliance, technology, custody and institutional infrastructure required to integrate sovereign digital instruments and global markets.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About USDM1</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
USDM1 is USD-denominated sovereign debt issued natively on-chain by the Republic of the Marshall Islands, secured 1:1 by short-duration U.S. Treasury instruments held in bankruptcy remote custody. The RMI operates exclusively on the U.S. dollar standard under its Compact of Free Association with the United States, which establishes the dollar as its sole legal tender. For more, see the government's white-paper "<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fmof.gov.mh%2Fwp-content%2Fuploads%2F2025%2F12%2FFinancial-Access-and-the-Path-to-USDM1-Link.pdf&amp;esheet=54465767&amp;newsitemid=20260326536769&amp;lan=en-US&amp;anchor=Financial+Access+and+the+Path+to+USDM1&amp;index=1&amp;md5=9401fe790e140f8aa6094bf6d90eb981" shape="rect">Financial Access and the Path to USDM1</a>."

</p><p xmlns="http://www.w3.org/1999/xhtml">
USDM1 is structured in the style of a fully collateralized Brady bond under New York law, with an explicit customary waiver of sovereign immunity. USDM1 provides holders with a perfected first-priority security interest in collateral. Unlike privately issued digital dollar instruments, USDM1 is structured as sovereign debt with collateral perfected by control under UCC, enabling compatibility with ISDA netting frameworks and supporting inclusion in ISDA netting sets. As institutional-grade collateral, USDM1 supports integration in institutional margin, repo and financing workflows and operates within existing legal, accounting, and capital frameworks, improving capital efficiency and balance sheet treatment.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Cleary Gottlieb serves as issuer&#39;s counsel and advised with respect to the structuring of the instrument under New York law with the participation of partners specializing in sovereign debt, UCC and secured transactions, creditors' rights, netting and digital asset market infrastructure.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260326536769r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260326536769/en/" rel="nofollow">https://www.businesswire.com/news/home/20260326536769/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Kishan Naran
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:kishan.naran@wachsman.com" shape="rect">kishan.naran@wachsman.com</a>

</p>

M1X Global has announced its public launch and received $3 million funding to promote its sovereign debt instrument, USDM1, which is collateralized by U.S. Treasury securities. The initiative aims to deepen institutional adoption and support programs like Universal Basic Income in the Republic of the Marshall Islands, indicating potential market growth for digital financial innovations.

M1X Global Announces Public Launch and Oversubscribed $3 Million Angel Round to Scale On-Chain Sovereign Finance

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News