**[Paradigm Leads Seed Round Financing for M1X Global to Advance Sovereign Debt Tokenization Infrastructure]** BlockBeats News, July 8 — Crypto venture capital firm Paradigm has led the seed round financing for sovereign debt tokenization platform M1X Global, supporting its efforts to expand on-chain sovereign debt issuance and management capabilities. M1X Global's core product, USDM1, was launched in collaboration with the government of the Marshall Islands. It is a dollar-denominated sovereign debt instrument issued directly on the public blockchain, backed 1:1 by U.S. short-term Treasury bonds, and operates under the legal framework of New York State to provide investor protection. The funds raised in this round will primarily be used to promote the institutional application of USDM1, including its use as compliant collateral in scenarios such as repurchase agreements, margin financing, and secured lending. Additionally, the financing will support deeper integration with banks, custodians, and trading platforms. Previously, M1X Global completed an oversubscribed $3 million angel round in March 2026, with investors including Balaji Srinivasan and others. [Original Link]