Performances
RD Popularity Index
RD Growth Index
Comparison
Fundraising
About M1X Global
M1X Global is a financial infrastructure company focused on digitizing sovereign and institutional debt instruments. Its core business involves issuing blockchain-native bonds, such as USDM1, a digital bond issued by the Republic of the Marshall Islands, backed 1:1 by short-term U.S. Treasuries held in bankruptcy-remote custody. The platform enables 24/7 settlement and atomic transactions on the Canton Network, a privacy-enabled blockchain designed for regulated financial activities.
The main market pain point M1X addresses is the inefficiency of traditional bond settlement, which typically takes days and involves multiple intermediaries. By tokenizing debt on-chain, M1X reduces settlement time to minutes, enhances transparency, and allows for programmable collateral use in repo and derivatives transactions. Its competitive edge lies in combining legal compliance (e.g., U.S. securities law exemptions, UCC Article 8/9) with blockchain efficiency, making digital assets acceptable to institutional players.
In the past six months (February to August 2026), M1X completed a landmark transaction: a sovereign bond repo using USDM1 as collateral, settled on Canton in under 10 minutes. This demonstrated the viability of on-chain repo markets. However, the company faces limitations—USDM1 cannot be offered to U.S. persons under Regulation S, and the transaction scale was undisclosed. No major negative events were reported, but the lack of regulatory clarity in some jurisdictions remains a challenge.
Key progress in the past six months (2026-03-15 to 2026-09-15):
- Completed the first on-chain sovereign bond repo transaction with Tradeweb and Virtu Financial on the Canton Network, achieving atomic settlement in under 10 minutes without prime broker intermediation.
- Closed a seed round led by Paradigm, totaling $8.5 million, to scale the platform and institutional deployment of USDM1.
- Joined ISDA and GDF's Tokenized Collateral Working Group and U.S. Industry Sandbox, advancing USDM1's use as collateral in institutional derivatives, repo, and lending markets.
Official future focus and roadmap:
- Prioritize institutional adoption of USDM1 as margin and collateral, particularly for licensed entities like swap dealers.
- Expand support across banks, custodians, ATSs, margin/risk platforms, off-exchange settlement networks, and post-trade infrastructure.
- Explore additional government partnerships for tokenized sovereign debt issuance as opportunities arise.
Mark Mattappally Lurie (Co-Founder & CEO, LinkedIn: https://www.linkedin.com/in/mlurie/, Twitter: https://x.com/marklurie) - Previously founded Shipyard Software (Clipper DEX), sold to Sushi Labs. Led Codex Protocol, a blockchain title registry for art. Forbes Digital Assets Contributor.
Jordan Goldman (Co-Founder & COO, LinkedIn: https://www.linkedin.com/in/jordangoldman, Twitter: https://x.com/JordanGoldman_) - Former early C-suite at Genesis Trading, helped scale it to $300B+ annual transactions. 15+ years in digital assets, finance, and tech.