Deep Tide TechFlow News: On March 25th, according to CoinTelegraph, M1X Global, the entity behind the Marshall Islands UBI plan, completed a 3 million dollar angel round of financing. Investors include Coinbase former CTO Balaji Srinivasan and Cumberland Labs CEO Tama Churchouse and other figures in the crypto industry. The funds will be used to promote the expansion of USDM1 digital sovereign bonds into the institutional market. USDM1 launched on the Stellar blockchain in December last year, but the IMF previously warned that the project has fiscal risks and cybersecurity vulnerabilities, believing that its returns are disproportionate to its risks.

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