Deep Tide TechFlow News, on March 25, according to CoinTelegraph reports, M1X Global, the entity behind the Marshall Islands UBI plan, completed a $3 million angel round of financing. Investors include Balaji Srinivasan, former CTO of Coinbase, and Tama Churchouse, CEO of Cumberland Labs, and other figures from the crypto industry. The funds will be used to promote the expansion of USDM1 digital sovereign bonds to institutional markets. USDM1 went live 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 not proportional to the risks.

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