NewsMV
In focus: an $8.5 million funding round led by Paradigm, directed at M1X Global's sovereign financial infrastructure platform and the institutional distribution of USDM1, the company's USD-denominated sovereign bond issued natively on a public blockchain.
The instrument carries a 1:1 backing by US Treasuries. The institutional rollout is the next concrete milestone on the tape.
The funding Paradigm led the $8.5 million round into New York-based M1X Global, a company presenting itself as sovereign financial infrastructure.
The capital is earmarked for two stated uses: continued platform development and the institutional rollout of USDM1. No additional participant names or a disclosed valuation appear in the announcement.
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