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Coin界 News: M1X Global, the company behind the Marshall Islands Universal Basic Income (UBI) project, announced the completion of a $3 million seed round of funding. Investors include multiple industry executives with crypto and finance backgrounds. The new capital will be used to advance the development and application of USDM1 digital sovereign bonds, which are dollar-pegged sovereign financial instruments designed to support local residents' participation in the UBI program. The asset launched on Stellar in December 2025. It is reported that the project will further expand to institutional markets and be utilized as high-quality collateral in the future.