BitGo to provide custody and OES for USDM1
17 July 2026 US
Image: Siarhei/stock.adobe.com
BitGo, through its US Office of the Comptroller of the Currency (OCC)-regulated bank, will provide institutional-grade qualified custody and off-exchange settlement for USDM1, an onchain sovereign bond.
The financial instrument is issued natively onchain by the Republic of the Marshall Islands, collateralised one-to-one by short-term US Treasuries.
According to BitGo, its clients will be able to hold the bond in segregated, regulated custody via its Go Network platform and utilise it for collateral and settlement on eligible venues through the firm’s off-exchange settlement solution.
USDM1 will be available to institutions on Stellar, Ethereum, and Solana, and, through the Go Network, approved clients can deploy the sovereign bond to connected venues round-the-clock with T+0 settlement, BitGo says.
Commenting on the initiative, Mike Belshe, CEO and co-founder of BitGo, says: “USDM1 is a different kind of asset — sovereign collateral with Treasury backing, built to fit how institutions already operate.
“Making it available for custody at BitGo means institutions will be able to access USDM1 within the same custody and settlement infrastructure they already rely on.”
David Paul, Republic of the Marshall Islands’ Minister of Finance, Banking, and Postal Services, adds: “USDM1 is anchored in the full faith and credit of the Republic of the Marshall Islands and is secured by US Treasury collateral.
“The integration of USDM1 with BitGo infrastructure is a step towards a more flexible and resilient financial system.”
USDM1 has already been deployed and is currently active within the Republic of the Marshall Islands’ universal basic income programme, set to continue over the next two decades.
The financial instrument is issued natively onchain by the Republic of the Marshall Islands, collateralised one-to-one by short-term US Treasuries.
According to BitGo, its clients will be able to hold the bond in segregated, regulated custody via its Go Network platform and utilise it for collateral and settlement on eligible venues through the firm’s off-exchange settlement solution.
USDM1 will be available to institutions on Stellar, Ethereum, and Solana, and, through the Go Network, approved clients can deploy the sovereign bond to connected venues round-the-clock with T+0 settlement, BitGo says.
Commenting on the initiative, Mike Belshe, CEO and co-founder of BitGo, says: “USDM1 is a different kind of asset — sovereign collateral with Treasury backing, built to fit how institutions already operate.
“Making it available for custody at BitGo means institutions will be able to access USDM1 within the same custody and settlement infrastructure they already rely on.”
David Paul, Republic of the Marshall Islands’ Minister of Finance, Banking, and Postal Services, adds: “USDM1 is anchored in the full faith and credit of the Republic of the Marshall Islands and is secured by US Treasury collateral.
“The integration of USDM1 with BitGo infrastructure is a step towards a more flexible and resilient financial system.”
USDM1 has already been deployed and is currently active within the Republic of the Marshall Islands’ universal basic income programme, set to continue over the next two decades.
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