Crypto startup M1X Global has successfully closed a $5.5 million seed funding round, spearheaded by Paradigm, with additional investment from Breed VC. The company is known for its role in aiding the Marshall Islands with the issuance of the tokenized sovereign debt instrument USDM1. This instrument, backed 1:1 by US Treasury bonds, is operational on the Stellar, Canton, and Solana networks.