USDM1 Icon

$USDM1

Offered byM1X Global icon
M1X Global

$USDM1

USDM1

USDM1 is a sovereign bond natively issued on-chain by the Republic of the Marshall Islands under New York law. Each unit is backed 1:1 by short-duration U.S. Treasuries in a bankruptcy-remote structure, with holders holding a perfected first-priority security interest. Structured by Cleary Gottlieb as a fully collateralized Brady bond with waiver of sovereign immunity, it features enforceable par ...

M1X Global icon
M1X Global
US Treasury Debt
Non-U.S. InvestorU.S. Accredited Investor
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Learn more about this asset directly from the issuer's website.

Total Asset Value

$1,278,179

▲+3.73%from 30d ago

Net Asset Value

$1.02

▲+0.13%from 30d ago

Holders

478

▲+5.52%from 30d ago

7D APY

1.73%

Treasury Product Metrics

Show % of Total

Market Cap by Network

as of 08/02/2026

Key Facts

Name
USDM1
Ticker
USDM1
CUSIP
Y5852MAA0
ISIN
MHY5852MAA03
Platform
M1X Global Icon
M1X Global
Tokenization Type
Distributed
Type
—
Manager
—
Asset Class
U.S. Treasury Funds
Underlying Assets
—
Eligible Investors
Inception Date
01/01/2026
Use Of Income
Accumulates
Management Fees
0%
Performance Fees
0%

Market Data

Total Value
$1,278,179
▲
NAV
$1.02
▲
Price
$1.0160
▲
Token Supply
1,258,843.07
▲
Circulating Supply
1,258,843.07
▲
7D APY
1.73%
30D APY
1.71%
▲
Holders
478
▲
Trailing 30D Active Addresses
56
▼
Monthly Transfer Count
249
▼
Monthly Transfer Volume
$7,690,925
▲

Tokens

Network
Type
Tokenization Type
Token Standard
Token Supply
Circulating Supply
Bridged Supply
Holders
Trailing 30D Active Addresses
Monthly Transfer Volume
Monthly Transfer Count
Contract Address
Stellar LogoStellar
Native
Distributed
Stellar Asset Contract (SAC)
1,049,738.82
▲
Ethereum LogoEthereum
Native
Distributed
ERC-20
208,634.91
▲
Solana LogoSolana
Native
Distributed
token-2022
469.34

Primary Market

Eligible Investors
Non-U.S. InvestorU.S. Accredited Investor
Base Assets
USDUSDC
Subscription Time
Instant
Min. Investment
1 USD
Subscription Fees
0%
Subscription Description
—
Redemption Time
Daily
Minimum Redemption Amount
1 USD
Redemption Fees
0%
Redemption Description
—
KYC Description
—

Service Providers

Platform
M1X Global Icon
M1X Global
Manager
—
Sub-Advisor
—

Custodian

Legal Identifier

Surus, Inc.
Crypto Custodian
Anchorage Digital Bank iconAnchorage Digital Bank
Fund Administrator
—
Traditional Broker
—
Crypto Broker
—
Auditor
—
Transfer Agent
MI Financial Services DAO LLC iconMI Financial Services DAO LLC
Paying Agent
MI Financial Services DAO LLC iconMI Financial Services DAO LLC

Legal & Regulatory

Issuer
Government of the Republic of the Marshall Islands
Issuer LEI
—
Issuer CIK
0000931488
Domicile
Republic of the Marshall Islands Flag

Republic of the Marshall Islands

Regulatory Framework

Republic of the Marshall Islands - Fiscal Debt and Responsibility Act 2020

Government of the Republic of the Marshall Islands (Ministry of Finance)

Dispute Resolution Country

United States of America

Account Segregation
Bankruptcy Remote
Deposit Insurance
Terms
—

Fees

Management Fees
0%
Performance Fees
0%
Other Fees
The interest rate is benchmarked to the 1-month U.S Treasury Rate (H.15) Minus a Spread, which is currently 200bps.
Redemption Fees
0%
Subscription Fees
0%

Holders

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holder breakdowns

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