TechFlow news from Deep Tide: On July 07, according to The Block, M1X Global completed a $5.5 million seed round, led by Paradigm, with participation from Breed VC. The company previously assisted the Marshall Islands in issuing USDM1, a tokenized sovereign debt instrument. This asset is backed 1:1 by U.S. Treasuries and has been deployed on the Stellar, Canton, and Solana networks.



M1X Global said it will focus next on promoting USDM1’s application as collateral in regulated financial markets, expanding its use in institutional scenarios such as repurchase agreements, margin, and secured financing.
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