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[Tokenized Sovereign Debt Platform M1X Completes $5.5 Million Seed Round Financing, Led by Paradigm] Odaily Planet Daily News – Tokenized sovereign debt startup M1X Global has completed a $5.5 million seed round financing, led by Paradigm, with participation from Breed VC and others. According to reports, M1X Global previously collaborated with the Republic of the Marshall Islands to assist in issuing the on-chain sovereign debt instrument USDM1. This product is denominated in USD, backed 1:1 by U.S. Treasury bonds, and natively issued by a sovereign nation as a tokenized sovereign debt instrument on a public blockchain. USDM1 was initially issued on Stellar and is now also available on Canton and Solana. M1X President and COO Jordan Goldman stated that sovereign debt is one of the largest asset classes globally, but prior to USDM1, it had not existed in a native on-chain format. The company aims to establish USDM1 as on-chain sovereign collateral and expand its use in regulated financial markets. The initial application scenario for USDM1 is domestic government aid distribution. Citizens of the Marshall Islands can receive funds via the Lomalo wallet, enabling payments to be completed within seconds without relying on traditional correspondent banking networks. M1X also announced its recent integration with FDIC-insured U.S. bank Bank of Guam, further connecting USDM1 to regulated banking infrastructure. (The Block)