STS Digital to accept USDM1 from eligible counterparties. USDM1 brings on chain collateral with 24/7 transferability into established institutional derivatives frameworks https://t.co/3uuFwZPpMl #DigitalAssets
USDM1 can now be held through @BitGo Bank & Trust, NA - an OCC-regulated digital asset trust bank - for qualified custody, and utilized for collateral and settlement through BitGo’s Go Network Off-Exchange Settlement solution.
For informational purposes only. This is not an offer to buy or sell any financial product. USDM1 is not registered under the US Securities Act. See disclosures: https://t.co/CPafvowgy1
M1X Global was proud to participate in @ISDA and @GlobalDigitalFi's Tokenized Collateral Working Group and Industry Sandbox, powered by @OwneraIO - exploring the use of tokenized collateral, including @USDM1, in institutional derivatives, repo and lending markets.
For informational purposes only. This is not an offer to buy or sell any financial product. USDM1 is not registered under the US Securities Act. For full disclosures, see: https://t.co/2am6da90PL
Today we're announcing institutional-grade qualified custody and off-exchange settlement for USDM1, the world's first natively issued onchain secured sovereign bond.
Institutional clients can hold this dollar-denominated sovereign bond in regulated custody on BitGo and use it for collateral and settlement through BitGo's Go Network.
Available on Stellar, Ethereum and Solana.
Read more in our PR 👇
https://t.co/NX1nxH3dh0