Paradigm Leads Seed Funding for M1X Global's Sovereign Debt Tokenization Platform on July 8

According to BlockBeats, on July 8, Paradigm led a seed funding round for M1X Global, a platform focused on sovereign debt tokenization and on-chain issuance. M1X Global's core product, USDM1, is a U.S. dollar-denominated sovereign debt instrument issued directly on public blockchains, backed 1:1 by U.S. short-term Treasury securities and protected under New York law.

The seed round funding will support institutional adoption of USDM1 across repurchase, margin, and collateral lending use cases, as well as integration with banks, custodians, and trading platforms. M1X Global previously raised $3 million in an oversubscribed angel round in March 2026.