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M1X Global
M1X Global builds the sovereign layer of on-chain capital markets, partnering with governments to bring blockchain technology to public sector programs and institutional markets. Its flagship project, in partnership with the Republic of the Marshall Islands, is USDM1, a sovereign, Treasury-backed digital financial instrument. M1X primarily serves sovereign governments and institutional financial market participants.
Distributed
Description
M1X Global unlocks new applications of blockchain technology across public sector programs and institutional markets, partnering with governments to identify opportunities, coordinate expertise and support long-term economic development. In the Republic of the Marshall Islands, M1X partnered with the government to help design and implement USDM1, a sovereign, Treasury-backed financial instrument operating on blockchain rails, used to deliver regular Universal Basic Income disbursements. USDM1 is a sovereign, USD-denominated financial instrument issued natively on-chain, collateralized 1:1 by short-duration U.S. Treasuries, combining the form-factor of a digital asset with the legal and economic characteristics of fully collateralized sovereign debt, structured in the style of a Brady bond under NY law and advised by Cleary Gottlieb. M1X's work focuses on building durable systems that expand access, reduce risk and promote long-term economic development, bringing together legal, operational and technological expertise while maintaining compatibility with global markets, primarily serving sovereign governments and institutional market counterparties.Grant Funding
VC Funding
None
2026
$0
$5.5M