Crypto startup M1X Global, focused on sovereign financial infrastructure, has completed a $5.5M seed round led by Paradigm, with participation from Breed VC. The company’s total funding has now reached $8.5M. M1X Global previously assisted the Marshall Islands in issuing the tokenized sovereign debt instrument USDM1, which is backed 1:1 by U.S. Treasury bonds and deployed on the Stellar, Canton, and Solana networks. The company stated that this round of funding will be used to drive the application of USDM1 as collateral in regulated financial markets, with a focus on expanding into banks, custodians, OTC desks, exchanges, and other institutional market infrastructure. (The Block) https://www.(wublock123.com)/news/m1x-global-paradigm-leads-5-5m-seed-round-64101