M1X Global

Name

M1X Global

Legal name

M1X Global

Website

https://m1xglobal.com

Company type

Private

Founded year

2026

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Blockchain Financial Infrastructure

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Finance Services (6199)

akta.pro primary industry

Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA)

akta.pro secondary industries

Tokenized Real-World Assets & On-Chain Treasuries (tokenized T-bills, money markets, cash management) (FSAPAEAJ), Tokenized Debt, Notes & On-Chain Credit Instruments (FSADAFAM)

Keywords

• Sovereign debt instruments
• Blockchain financial infrastructure
• Tokenized treasury bonds
• On-chain capital markets
• Digital sovereign securities

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Platform Development and Advisory Services: M1X generates revenue through platform development services for sovereign issuers, coordinating legal, regulatory, and technological expertise to build and maintain operational infrastructure for on-chain sovereign finance.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

M1X Global builds sovereign financial infrastructure for on-chain capital markets, centered on USDM1 — a USD-denominated, sovereign debt instrument issued natively on the Stellar blockchain by the Republic of the Marshall Islands and collateralized 1:1 by short-duration U.S. Treasury instruments. The company operates the M1X Platform that enables sovereign issuers to issue and manage on-chain financial instruments compatible with global institutional markets, and supports the Lomalo digital wallet for end-user USDM1 transfers and Universal Basic Income disbursements.

Product overview

M1X Global operates as a sovereign financial infrastructure company offering a unified platform and related products for on-chain capital markets. The core product is USDM1, a sovereign USD-denominated digital bond issued natively on the Stellar blockchain by the Republic of the Marshall Islands, fully collateralized by U.S. Treasury instruments. The M1X Platform provides the infrastructure for sovereign issuers to develop and manage on-chain financial instruments. The Lomalo Digital Wallet serves as the end-user application for receiving, storing, and transacting USDM1, including for Universal Basic Income disbursements. These products work together to enable governments to issue sovereign debt on-chain while providing institutional markets with Treasury-backed collateral.

Differentiator

Problem solved

Functional benefit

Products and services

• USDM1 USDM1 is a sovereign, USD-denominated financial instrument issued natively on-chain by the Republic of the Marshall Islands, collateralized 1:1 by short-duration U.S. Treasury instruments. It combines the form-factor of a digital asset with the legal and economic characteristics of fully collateralized sovereign debt, structured under New York law with an explicit waiver of sovereign immunity, and is targeted at sovereign issuers, institutional capital markets participants, and end-user recipients of government disbursements.
• M1X Platform M1X Platform is the sovereign financial infrastructure platform that enables governments to issue and manage financial instruments natively on-chain while maintaining compatibility with global institutional markets. It supports sovereign integration with programmable capital markets, including derivatives, repo, and secured lending use cases.
• Lomalo Digital Wallet Lomalo is a digital wallet application that enables users to hold and transact USDM1. It integrates with Bank of Guam for deposits and withdrawals via ACH rails, supporting USDM1-based Universal Basic Income disbursements and broader financial inclusion across the Republic of the Marshall Islands' dispersed island geography.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered flagship, core and supporting.

• Republic of the Marshall IslandsflagshipStrategic or Co-development PartnerExclusive public-private partnership. M1X partnered with the RMI government to help design and implement USDM1 - a sovereign, Treasury-backed financial instrument for the world's first nationwide Universal Basic Income program.
• Bank of GuamcoreChannel Partner/ Reseller/ DistributorBank of Guam announced collaboration with RMI Ministry of Finance to accept USDM1 for deposits and withdrawals, integrating with the Lomalo digital wallet via ACH rails to advance financial inclusion across the Marshall Islands.
• Cleary GottliebcoreImplementation/ SI/ Consulting PartnerLegal advisor to the Republic of the Marshall Islands. Represented RMI in establishing and issuing USDM1, advised on structuring the instrument under New York law.
• SuruscoreTechnology or IntegrationServes as Trustee and collateral agent for USDM1, providing custody and collateral management services.
• AndersensupportingImplementation/ SI/ Consulting PartnerProvides accounting guidance for USDM1 and the M1X platform.
• Guidepost SolutionssupportingImplementation/ SI/ Consulting PartnerProvides AML policies and regulatory frameworks for the USDM1 ecosystem.
• Inca DigitalsupportingTechnology or IntegrationProvides monitoring, technical intelligence, and risk services for the USDM1 ecosystem.
• LomalocoreTechnology or IntegrationDigital wallet platform used for USDM1 disbursements, enabling quarterly Universal Basic Income payments across the Marshall Islands' dispersed geography.
• Canton NetworksupportingStrategic or Co-development PartnerIndustry working group demonstrating next phase of on-chain U.S. Treasury financing, exploring USDM1 applications.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Franklin Templeton (Benji / FOBXX): Franklin Templeton's Benji platform powers FOBXX, a tokenized U.S. Treasury money market fund. It is comparable as a major asset manager-issued tokenized Treasury product serving institutional and accredited investors, representing the incumbent financial-industry response to the RWA thesis M1X is pursuing.
• WisdomTree: WisdomTree operates tokenized funds and money market products (e.g., WTGXX) and has explored on-chain versions of its funds. It is comparable as a regulated asset manager building institutional tokenized Treasury and money market exposure — a competitor for the same institutional wallet that M1X is targeting.
• Anchorage Digital: Anchorage Digital is a federally chartered digital asset bank offering institutional custody, trading, and staking. It is comparable as institutional digital-asset infrastructure that could custody or distribute tokenized sovereign instruments like USDM1, and overlaps in serving institutional counterparties.

Direct peers

• Centrifuge: Centrifuge is a tokenization platform for real-world assets (invoices, receivables, funds) that bridges off-chain assets to DeFi. It is comparable to M1X as both operate RWA tokenization infrastructure with institutional use cases, though Centrifuge focuses on private credit while M1X focuses on sovereign debt.
• Ondo Finance: Ondo Finance tokenizes U.S. Treasuries and other yield-bearing RWAs for institutional and DeFi use. It directly competes with M1X's USDM1 in the tokenized Treasury-collateralized on-chain asset category, though Ondo focuses on private-sector issuance rather than sovereign.
• Securitize: Securitize is a tokenization platform for securities, funds, and other regulated financial instruments. Comparable to M1X as both offer institutional-grade issuance infrastructure with built-in compliance, though Securitize serves private issuers broadly rather than sovereigns specifically.

Emerging players

• Maple Finance: Maple Finance is an on-chain credit marketplace offering tokenized lending and yield products backed by institutional and crypto-native collateral. It overlaps with M1X in providing on-chain, Treasury/collateral-backed yield instruments to institutional counterparties.
• Hashnote: Hashnote issues USTB, a tokenized short-duration U.S. Treasury product with on-chain yield. It is comparable to USDM1 as both deliver Treasury-backed yield on-chain, though Hashnote is a private-sector issuer while M1X issues on behalf of a sovereign.
• Plume Network: Plume Network is an EVM-compatible L1 blockchain purpose-built for real-world asset tokenization. It is comparable as RWA-focused infrastructure that aims to be the on-chain layer where assets like USDM1 are issued and traded, making it a potential partner or competing rail.

Others

• Onchain Labs (Cumberland): Cumberland is the institutional crypto trading arm of DRW, providing liquidity, OTC trading, and structured products across digital assets. It is comparable as an institutional counterparty that could trade or distribute tokenized sovereign instruments and is connected to M1X via investor Tama Churchouse (CEO of Cumberland Labs).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/m1xglobal
• LinkedInlinkedin.com/company/m1x-global

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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

Frequently asked questions about M1X Global