Jul. 8 at 3:20 PM
M1X Global closes Seed round 14 weeks after public launch 🚀
Round led by Paradigm with strategic participation from Breed VC, bringing total funding to
$8.5M. M1X Global builds sovereign financial infrastructure for governments moving into 24/7, programmable capital markets.
Flagship deal: partnered with the Republic of the Marshall Islands on USDM1, the first USD-denominated secured sovereign bond natively issued on a public blockchain.
Mark Lurie, CEO, M1X Global: "Paradigm's investment is an important milestone for M1X Global, strengthening our ability to scale the infrastructure behind sovereign financial instruments and to accelerate the build-out of systems that can support their use across regulated markets."
USDM1 has been used in institutional working groups with
$BAC, Citadel Securities,
$VIRT, Tradeweb, and DTCC.
Full article: https://liquidityfinder.com/news/m1x-global-closes-seed-round-led-by-paradigm-to-advance-sovereign-digital-asset-infrastructure
$COIN $BAC $VIRT