Institutional clients will be able to hold a dual-recourse, dollar-denominated sovereign bond, backed 1:1 by US Treasuries, in segregated, regulated custody on the BitGo platform and utilize it for collateral and settlement on connected venues through BitGo's Go Network Off-Exchange Settlement ("OES") solution.

Issued natively onchain by the Republic of the Marshall Islands, USDM1 is a USD-denominated secured sovereign bond structured in the style of a fully collateralized Brady bond under NY law. It is designed to accrue value daily, and mint and redemption activity is executed against live signed price quotes that reflect the instrument’s accrued value.

Available to institutions on Stellar, Ethereum and Solana, USDM1 can be held through BitGo's qualified custody platform in regulated cold storage with segregated accounts, institutional controls, and offline key management. Through the Go Network, eligible clients can deploy USDM1 to connected venues 24/7 with T+0 settlement, without transferring assets on-exchange. This model is designed to minimize intraday exposure and settlement risk, reduce pre-funding requirements, and improve capital efficiency across institutional trading and financing workflows.