M1X Global Closes Seed Round Led by Paradigm to Advance Sovereign Digital Asset Infrastructure

M1X Global, a sovereign financial infrastructure and technology company helping governments bridge the transition to 24/7, programmable capital markets, has announced the close of a Seed funding round, just 14 weeks after its public launch and angel raise.

The oversubscribed round was led by Paradigm, one of the largest and most prominent investment firms in frontier technologies, with strategic participation from Breed VC, bringing M1X Global's total funding to $8.5 million.

As regulatory clarity and institutional interest accelerate the adoption of digital assets, M1X Global partners with governments to develop and implement new blockchain-based solutions. In its flagship public-private partnership with the Republic of the Marshall Islands, M1X Global supported the government in its issuance of USDM1, the first U.S. dollar-denominated secured sovereign bond natively issued on a public blockchain. USDM1 expands access to government aid and financial services in the Pacific. M1X helped coordinate the government's issuance and an ecosystem of partners including Cleary Gottlieb, Stellar Development Foundation, Anchorage Digital Bank, Guidepost, Inca Digital and Crossmint.

USDM1 combines the legal and economic structure of fully collateralised, USD-denominated sovereign debt with the programmability of digital assets, offering T+0 settlement, enforceable legal protections, and programmable transferability. It supports institutional use as eligible sovereign collateral in regulated 24/7 markets, and has been used in institutional working groups with major financial institutions and market infrastructure providers including Bank of America, Citadel Securities, Virtu Financial, Tradeweb, and DTCC. USDM1's structure is bankruptcy-remote, and supports look-through to HQLA and inclusion in legal netting sets as collateral.

Paradigm is known for backing category-defining companies across digital assets and other frontier technologies. Its interest and subsequent funding of M1X Global reflects growing conviction that sovereign financial infrastructure represents a critical next phase of blockchain adoption, bridging public markets, regulated institutions, and digital-native rails. Breed VC also participated in the round, reinforcing alignment from venture partners at the intersection of finance and technology.

Mark Lurie, Chief Executive Officer, M1X Global

Mark Lurie, Chief Executive Officer, M1X Global commented:

"Paradigm's investment is an important milestone for M1X Global, strengthening our ability to scale the infrastructure behind sovereign financial instruments and to accelerate the build-out of systems that can support their use across regulated markets. This support advances our capacity as we continue to see strong onboarding demand and institutional adoption of USDM1."

Jordan Goldman, President and Chief Operating Officer, M1X Global

Jordan Goldman, President and Chief Operating Officer, M1X Global said:

"As USDM1 moves into institutional deployment, we have been seeing clear evidence of the ways sovereign instruments can deliver meaningful impacts in both domestic and institutional contexts. These assets can improve access to government services and also provide new sources of high-quality institutional collateral in 24/7 markets. This investment supports the expansion of M1X's platform and of USDM1's ability to meet institutional demand across regulated market infrastructure."

Arjun Balaji, Partner, Paradigm

Arjun Balaji, Partner, Paradigm said:

"24/7 markets require collateral that can move 24/7. USDM1 shows how sovereign debt can be issued natively onchain. M1X Global has assembled the rare mix of government, capital markets, and crypto expertise needed to bring this model to institutional scale."

The raise also reflects confidence in M1X Global's vision and founding team: Mark Lurie, Chief Executive Officer, Jordan Goldman, President and Chief Operating Officer, and Robert Muller, President, Lomalo. Together, they bring expertise across finance, government, and digital assets.

Lurie, a repeat entrepreneur, most recently built a top-5 decentralised exchange through Shipyard Software, later acquired by Sushi Labs. Goldman, also a repeat entrepreneur, was an early C-suite executive at Genesis Trading, where he helped launch its custody and derivatives businesses and established the firm as the industry's first digital asset prime brokerage. During his tenure, Genesis grew from $10 billion to over $300 billion in annual transactions. Muller brings senior international government experience, including service as Chief Secretary and an advisor to a Presidential Cabinet, with expertise across public-sector leadership and policy implementation.

Paradigm and Breed's investment follows a period of growing institutional availability and adoption of USDM1, including institutional offerings through Anchorage Digital's federally regulated bank and tZERO's SEC-registered broker-dealer custodian, alongside Surus serving as a US trust company, maintaining a first-priority perfected security interest in US Treasury collateral for holders under the UCC. They join angel-round investors including Balaji Srinivasan, former Chief Technology Officer, Coinbase, and Tama Churchouse, Chief Executive Officer, Cumberland Labs, as well as advisors including Peter Dittus, former Secretary General, Bank for International Settlements, Leon Marshall, former Chief Executive Officer, Europe, Galaxy Digital, and Jerry Archer, former Chief Information Security Officer, Intuit and Sallie Mae.

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