Asset Classes
$USDM1
M1X Global
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 redemption and a U.S.-based trustee/collateral agent stack. Compatible with ISDA, GMRA, and GMSLA frameworks, USDM1 supports treatment as sovereign debt or cash equivalent.
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Learn more about this asset directly from the issuer's website.
$380,020
$1.01
222
▲+126.53%from 30d ago
Treasury Product Metrics
Metric
Show % of Total
Market Cap by Network
Key Facts
Name
USDM1
Ticker
USDM1
CUSIP
Y5852MAA0
ISIN
MHY5852MAA03
Platform
Tokenization Type
Manager
Asset Class
Underlying Assets
—
Eligible Investors
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Non-U.S. InvestorU.S. Accredited Investor
Inception Date
01/01/2026
Use Of Income
Accumulates
Management Fees
0%
Performance Fees
0%
Market Data
Total Value
$380,020
△
NAV
$1.01
△
Price
$1.0060
▼
Token Supply
375,943.23
▲
Circulating Supply
375,943.23
▲
7D APY
—
30D APY
—
Holders
222
▲
Trailing 30D Active Addresses
109
▲
Monthly Transfer Count
1,514
▲
Monthly Transfer Volume
$78,635,127
▲
Tokens
Primary Market
Eligible Investors
Non-U.S. InvestorU.S. Accredited Investor
Base Assets
USDUSDC
Subscription Time
Instant
Min. Investment
1 USD
Subscription Fees
0%
Redemption Time
Daily
Minimum Redemption Amount
1 USD
Redemption Fees
0%
Service Providers
Platform
Manager
Sub-Advisor
—
Custodian
Legal Identifier
Surus, Inc.
Crypto Custodian
Anchorage Digital BankFund Administrator
—
Traditional Broker
—
Crypto Broker
—
Auditor
—
Transfer Agent
MI Financial Services DAO LLCPaying Agent
MI Financial Services DAO LLCLegal & Regulatory
Issuer
Government of the Republic of the Marshall Islands
Issuer LEI
—
Issuer CIK
Domicile
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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