Articles from M1X Global

Ascend Markets, LLC, a wholly owned subsidiary of PSG Digital Labs, Inc. (“Ascend”), and M1X Global today announced the successful completion of the first institutional repurchase agreement (repo) on the Stellar network. The transaction utilized USDM1, a US dollar-denominated sovereign bond issued natively onchain and secured 1:1 by short-duration US Treasuries, and marks a milestone in bringing institutional secured financing onto the Stellar network, one of the longest-running public blockchains, expanding the network’s established payments and transfer infrastructure into programmable repo markets.

Virtu Financial, M1X Global and Tradeweb today announced the completion of the first fully onchain repo transaction in which the securities leg was a sovereign digital bond. Executed on the Canton network, every element of the transaction - securities delivery, cash leg and return - settled atomically onchain. The transaction is the first known instance of a natively issued sovereign digital security functioning as collateral in a repo executed through a major institutional electronic trading venue without prime broker intermediation.

M1X Global, a sovereign financial infrastructure and technology company, today announced its public launch alongside the close of an oversubscribed $3 million angel round. The funding, spanning strategic investments and grants, will support platform development and accelerate regulated institutional adoption of USDM1, the first USD-denominated, treasury collateralized sovereign debt instrument issued natively by a sovereign on public blockchain infrastructure.