Republic of the Marshall Islands Government

What Republic of the Marshall Islands Government does

The Republic of the Marshall Islands (RMI) Government is a sovereign constitutional republic that administers national governance and public services for approximately 60,000 citizens living across 29 coral atolls and more than 1,200 islands (181.3 sq km total land area), with its capital in Majuro. Under the 1986 Compact of Free Association with the United States — renegotiated in 2003 and renewed in 2024 under President Hilda C. Heine — the U.S. provides economic assistance and defense while RMI retains full sovereignty in domestic and foreign affairs, and citizens may live and work in the U.S. visa-free.

The RMI Government's most differentiated recent initiative is USDM1, the world's first natively issued on-chain USD-denominated sovereign bond, fully collateralized 1:1 by short-duration U.S. Treasury instruments and structured under New York law. USDM1 is deployed on Stellar, Ethereum, and Solana blockchains with 24/7 programmable settlement, T+0 capability via the BitGo Go Network, and institutional custody through BitGo Bank & Trust (OCC-regulated) and Anchorage Digital (federally regulated). Citizen disbursements are executed through the Stellar Disbursement Platform into the Lomalo digital wallet application, which replaced quarterly physical cash deliveries for the Universal Basic Income (UBI) program that pays $US800 per year per eligible citizen.

The RMI Government's go-to-market is dual-track: a product-led growth motion that places USDM1 on public blockchain rails and distributes it directly to citizens via Lomalo, alongside an enterprise field-sales motion targeting institutional financial institutions for use of USDM1 as treasury-backed collateral in repo, margin, and secured financing workflows. Revenue mechanics center on sovereign bond issuance and the Compact of Free Association trust funding the UBI program, with go-to-market channeled through the M1X Global public-private partnership, the Stellar Development Foundation, and international policy forums. The RMI Government maintains diplomatic and consular offices in Majuro, Washington D.C. (embassy at 2433 Massachusetts Ave. N.W.), Honolulu, Portland, Springdale, and Kwajalein Atoll to serve both the domestic population and the 45,000+ Marshallese citizens residing in the United States.

Name

Republic of the Marshall Islands Government

Legal name

Republic of the Marshall Islands

Website

https://rmiembassyus.org

Company type

Private

Founded year

1979

Operating status

Operating

Short description

The Republic of the Marshall Islands Government administers national governance for ~60,000 citizens across 1,200+ islands and issues USDM1, the world's first on-chain USD sovereign bond, to fund a nationwide Universal Basic Income program via the Lomalo digital wallet and to serve as institutional-grade treasury-backed collateral.

Ownership category

akta.pro rank

Product category

Sovereign Government / Public Administration

NAICS

Executive, Legislative, and Other General Government Support (921), International Affairs (92812), Public Administration (92)

SIC

Foreign Governments (8888), Finance Services (6199)

akta.pro primary industry

Treasury & Cash Management (BPAIAEAB)

akta.pro secondary industry

Government Digital Service & eGovernment (Service Delivery, IDs, Portals) (BPAIAAAE)

Keywords

• Sovereign government services
• Blockchain government bonds
• Universal basic income
• Sovereign stablecoin issuance
• Public administration

Headquarters

HQ city

S Central Washington Co

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Sovereign Bond Issuance: The Republic of the Marshall Islands issues USDM1, a USD-denominated sovereign bond backed 1:1 by US Treasuries, to raise capital for government operations and the Universal Basic Income program.
2. Compact of Free Association Trust: UBI program funded through a trust under the Compact of Free Association with the United States, providing $US800 annually to citizens.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

The Republic of the Marshall Islands Government provides sovereign public administration services to its approximately 42,000 citizens across 29 atolls and 5 islands. It is launching a sovereign digital infrastructure initiative centered on the USDM1 blockchain-based government bond issued on the Sui network, with proceeds intended to fund a nationwide Universal Basic Income program ("MAG") delivered through citizen digital wallets and supported by a fully US-dollar-reserved stablecoin.

Product overview

No products or services found for Republic of the Marshall Islands Government. The source data primarily contains government/migration services information from the RMI Embassy website, which provides consular services, visa/passport information, and government information rather than technology products or services.

Differentiator

Problem solved

Functional benefit

Products and services

• USDM1 Sovereign Bond (MASH)

Quantifiable outcome

• First worldwide nationwide Universal Basic Income program using blockchain technology
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• M1X GlobalcoreStrategic or Co-development PartnerPublic-private partnership for USDM1 sovereign bond issuance and management. M1X Global operates as sovereign financial infrastructure partner developing on-chain capital market technologies. The partnership enables institutional adoption of USDM1 and supports the nation's Universal Basic Income disbursement program.
• BitGo Bank & TrustcoreTechnology or IntegrationProvides institutional-grade qualified custody and off-exchange settlement services for USDM1 through its Go Network. OCC-regulated digital asset trust bank enabling T+0 settlement and segregated cold storage for institutional clients holding USDM1.
• Anchorage DigitalcoreTechnology or IntegrationFederally regulated custody platform expanding institutional access to USDM1. Enables integration into institutional margin, repo, and financing workflows for institutional clients.
• United States GovernmentcoreStrategic or Co-development PartnerCompact of Free Association partner providing economic assistance and defense. Under the Compact, citizens can live and work in the US visa-free. The Compact funds the UBI program trust.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Stellar Development Foundation: Core platform partner for USDM1 issuance, Stellar Disbursement Platform-based UBI, and the Lomalo wallet. Directly comparable as the enabling infrastructure layer for RMI's sovereign digital bond and inclusion program.
• Government of The Bahamas (Sand Dollar): Small island sovereign that launched the Sand Dollar, the world's first retail central bank digital currency. Comparable to RMI's USDM1 program as a small-state digital public finance pioneer operating at the intersection of sovereign issuance and financial inclusion.

Broad incumbents

• European Investment Bank: Supranational issuer that has successfully issued digital bonds on blockchain infrastructure (notably on Ethereum with Goldman Sachs and others). Closest comparable to RMI's USDM1 as a public-sector issuer pioneering tokenized, euro/USD-denominated, regulated bond formats targeting institutional investors.
• Hong Kong Monetary Authority: Issued tokenized green bonds using distributed ledger technology and operates a regulated e-HKD/CBDC program. Comparable to RMI as a sovereign authority using blockchain rails to issue regulated digital instruments for institutional and policy use cases.
• Société Générale (FORGE): Operates a regulated blockchain-based security token platform and has issued institutional digital bonds. Comparable to RMI's institutional USDM1 motion as a regulated entity bringing sovereign/covered instruments on-chain for institutional collateral and settlement workflows.
• JPMorgan (Onyx / Kinexys): Operates a permissioned blockchain network for tokenized collateral, repo, and digital bond settlement, including digital sovereign-style instruments. Comparable to RMI on the institutional tokenized collateral and T+0 settlement axis that underpins USDM1's institutional GTM.

Emerging players

• Central Bank of Nigeria (eNaira): Sovereign issuer of a retail CBDC targeting financial inclusion across a large unbanked population. Comparable to RMI on the digital public infrastructure and inclusion axis, though at much larger scale and with a different currency base than USDM1.
• Algorand Foundation (Government of Marshall Islands prior registry work): Blockchain foundation that has partnered with sovereign entities (including earlier RMI registry initiatives) to tokenize government-issued assets. Comparable as a public-sector digital asset partner stack adjacent to USDM1's Stellar/Ethereum/Solana issuance model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Republic of the Marshall Islands Government