Odaily Odaily that M1X Global, the company behind the Marshall Islands' Universal Basic Income (UBI) project, has announced the completion of a $3 million angel round of financing. Investors include several industry executives with crypto and finance backgrounds. The new funds will be used to promote the development and application of USDM1 digital sovereign bonds. USDM1 is a sovereign financial instrument pegged to the US dollar, designed to support local residents' participation in the UBI program. This asset was listed on Stellar in December 2025 and is reportedly planned to expand into the institutional market and be used as high-quality collateral in the future. (Cointelegraph)
The Marshall Islands' universal basic income project receives $3 million in investment from individuals with a crypto background.
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