Membrane Labs, an institutional digital asset financing platform, and M1X Global, the issuer of USDM1, have integrated the tokenized US sovereign bond into Membrane’s lending and collateral infrastructure. USDM1 is backed 1:1 by short-term US Treasury instruments. The integration expands the range of assets institutions can use for secured financing on Membrane.
The integration allows institutional traders, borrowers, lenders, and custodians to use USDM1 in lending, repo, and collateral management. The platform supports financing negotiations, counterparty discovery, and collateral transfers, allowing institutions to use the same assets across different financing arrangements.
USDM1 represents a sovereign bond issued under New York law. It offers 24/7 availability and pays a sovereign coupon and is designed to work within established institutional agreements, including ISDA, GMRA and GMSLA. Through Membrane, institutions can also use it for intraday financing and collateral substitution.
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