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 ...

U.S. Treasury Funds
Non-U.S. InvestorU.S. Accredited Investor
Offered byM1X Global icon
M1X Global
Explore issuer purchase options or request access through RWA.xyz.

Total Asset Value

$1.31M

▲+0.23%from 30d ago

Net Asset Value

$1.02

▲+0.15%from 30d ago

Holders

569

▲+7.36%from 30d ago

USDM1 Metrics

Market Cap by Network

as of 09/25/2026

Key Facts

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

Market Data

Total Value
$1,312,596
▲
NAV
$1.02
Price
$1.0174
▲
Token Supply
1,289,376.93
▲
Circulating Supply
1,289,376.93
▲
7D APY
—
30D APY
—
Holders
569
▲
Trailing 30D
Active Addresses
92
▲
Monthly
Transfer Count
446
▲
Monthly
Transfer Volume
$2,557,311
▼

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)
1,112,290.24
▲
Ethereum LogoEthereum
Native
Distributed
ERC-20
177,005.00
▲
Solana LogoSolana
Native
Distributed
token-2022
81.70
▼

Primary Market

Eligible Investors
Non-U.S. InvestorU.S. Accredited Investor
Base Assets
USDCUSD
Subscription Time
Instant
Min.
Investment
1 USDC
Subscription
Fees
0%
Subscription Description
Atomic subscriptions at uncapped size
Redemption Time
Instant
Minimum Redemption Amount
1 USDC
Redemption
Fees
0%
Redemption Description
Atomic USDC redemptions capped by collateral held in USDC, thereafter settlement is T+1
KYC Description
—

Service Providers

Platform
M1X Global Icon
M1X Global
Asset 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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Holders Product Screenshot

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