According to The Block, M1X Global has completed a $5.5 million seed round led by Paradigm, with participation from Breed VC. The company previously assisted the Marshall Islands in issuing the tokenized sovereign debt instrument USDM1, an asset backed 1:1 by U.S. Treasuries and already deployed on the Stellar, Canton, and Solana networks.
Crypto startup M1X Global closes $5.5M seed round led by Paradigm
TechFlowShare
Summary
M1X Global has closed a $5.5 million seed round led by Paradigm and co-invested by Breed VC. The firm previously assisted the Marshall Islands in launching USDM1, a tokenized sovereign debt backed by U.S. Treasury bonds and deployed on Stellar, Canton, and Solana. This move aligns with ongoing global developments in crypto policy. Crypto news continues to highlight cross-border innovation in digital assets.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.