M1X Global

M1X Global, based in New York, US, specializes in providing blockchain-based financial instruments, focusing on the innovative USDM1 product that combines digital asset characteristics with sovereign debt features to facilitate institutional market transactions. Founded in 2023, M1X Global operates from its headquarters in New York, US. The company focuses on blockchain-based financial services and has completed a total of 2 deals. It has not undergone any significant pivots in its strategy.

M1X specializes in the development and implementation of blockchain-based financial instruments, primarily through its flagship product, USDM1. This sovereign, USD-denominated financial instrument is issued natively on-chain and is fully collateralized 1:1 by short-duration U. S. Treasury instruments.

It facilitates efficient transactions within institutional markets, targeting use cases such as delivering Universal Basic Income payments in the Republic of the Marshall Islands and enhancing capital efficiency across various financial operations. M1X serves a diverse clientele, including government entities and institutional investors in the US and regulated markets, providing innovative solutions for on-chain capital management and liquidity. M1X generates revenue through the issuance of its USDM1 product, functioning as a dual-recourse sovereign bond. Institutional clients typically utilize USDM1 as collateral for financial activities like derivatives trading, repo transactions, and secured lending.

Partnerships with government bodies and financial institutions also support the integration of USDM1 into existing capital markets. The structured nature of USDM1 allows for sovereign coupon payments to holders, enhancing its appeal to institutional investors seeking secure collateral options. Pricing specifics for USDM1 are not disclosed, but its design promotes improved capital efficiency for users. On March 25, 2026, M1X Global raised an undisclosed amount of grant funding from the Stellar Development Foundation, part of a larger USD 3 million Angel and grant funding.

This funding will be utilized to support the growth and scaling of its on-chain sovereign finance services. M1X Global plans to further develop its product offerings and expand into additional geographic regions, with specific markets targeted for expansion to be announced in the future.