BitGo Adds Custody for Marshall Islands Sovereign Bond Token USDM1

USDM1 follows a structure similar to a fully collateralized Brady bond under New York law. It accrues value daily, with minting and redemption tied to live signed price quotes.

Mike Belshe, CEO and co-founder of BitGo, called USDM1 “a different kind of asset – sovereign collateral with Treasury backing, built to fit how institutions already operate.” He said custody access lets institutions use the asset within infrastructure they already rely on.

Hon. David Paul, the Marshall Islands' Minister of Finance, Banking and Postal Services, said the government “truly appreciates BitGo's partnership and is proud to see this infrastructure put to work built on trusted legal frameworks.” He described USDM1 as anchored in the full faith and credit of the Marshall Islands government, secured by underlying US Treasury collateral.

Beyond institutional finance, the Marshall Islands has deployed USDM1 in a nationwide Universal Basic Income program that distributes funds quarterly across more than 1,200 islands over 20 years. Financial institutions have also begun using USDM1 as a treasury instrument in daily operations.