AI-native trading decision platform TradingRazor raises $1.5 million in seed funding.
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M1X, a platform for tokenizing sovereign debt, has raised $5.5 million in seed funding, led by Paradigm.
ChainCatcher reports that M1X Global, a startup specializing in tokenized sovereign debt, has raised $5.5 million in seed funding, led by Paradigm with participation from Breed VC and others. M1X Global previously partnered with the Republic of the Marshall Islands to assist in the issuance of the on-chain sovereign debt instrument USDM1. This product is a USD-denominated, 1:1 backed by US Treasury bonds, and natively issued by the sovereign nation on a public blockchain. USDM1 was initially issued on Stellar and is currently also available on Canton and Solana. Jordan Goldman, President and COO of M1X, stated that sovereign debt is one of the largest asset classes globally, but prior to USDM1, it did not exist in a native on-chain form. The company aims to establish USDM1 as on-chain sovereign collateral and expand its use in regulated financial markets. The initial application scenario for USDM1 is the disbursement of domestic government aid. Marshall Islands citizens can receive funds through the Lomalo wallet, enabling payments to be completed within seconds without relying on traditional correspondent banking networks. M1X also stated that the recent integration with Bank of Guam, an insurance bank under the U.S. FDIC, further connects USDM1 to regulated banking infrastructure.
Ondo Perps' public beta launch saw $100 million in trading volume within 24 hours.
Odaily Odaily that Ondo Perps achieved a trading volume of $100 million within 24 hours of its public beta launch, with thousands of traders participating since then. Built on Ondo Finance technology, Ondo Perps is a platform that allows users to directly use tokenized stocks and ETF holdings as margin for perpetual contracts, offering non-US investors up to 20x leverage and covering popular assets such as Tesla (TSLA), Nvidia (NVDA), and Apple (AAPL), as well as commodities like gold and silver.
Mirae Asset's Hong Kong branch will launch a tokenized asset trading platform within three years, initially targeting Hong Kong clients.
According to a report by Straight News, Mirae Asset's Hong Kong branch plans to launch a tokenized asset trading platform within the next three years. This platform aims to convert existing investment assets and traditional financial assets into tokens for clients to trade. The company has recently expanded its business based on its newly launched trading platform, MAPS (Mirae Asset Portfolio Service), striving to transform from institutional business to a client-centric platform. Initially targeting Hong Kong clients, the platform's long-term goal is to establish a cross-regional trading architecture connecting South Korea and overseas markets.
Paradigm led a seed funding round for M1X Global to advance sovereign debt tokenization infrastructure.
According to Mars Finance, on July 8th, crypto venture capital firm Paradigm led a seed round of funding for sovereign debt tokenization platform M1X Global, supporting its expansion of on-chain sovereign debt issuance and management capabilities. M1X Global's core product, USDM1, launched in partnership with the Marshall Islands government, is a USD-denominated sovereign debt instrument issued directly on the public blockchain, backed by 1:1 US short-term Treasury bonds and utilizing New York State legal frameworks to provide investor protection. This round of funding will primarily be used to promote the institutional application of USDM1, including its use as compliant collateral in repurchase, margin, and collateralized financing scenarios, and to deepen integration with banks, custodians, and trading platforms. Previously, M1X Global completed a $3 million oversubscribed angel round of funding in March 2026, with investors including Balaji Srinivasan.
The People's Bank of China and Hong Kong regulators support the joint establishment of a fixed-income and currency electronic trading platform in Hong Kong.
PANews reported on July 7 that the People's Bank of China, the Hong Kong Monetary Authority, and the Hong Kong Securities and Futures Commission jointly announced their welcome to the China Foreign Exchange Trading Center and the Hong Kong Stock Exchange for jointly establishing a Hong Kong electronic fixed income and currency trading platform. This initiative aims to deepen cooperation between the mainland and Hong Kong financial markets and consolidate Hong Kong's position as an international financial center and offshore RMB business hub. The announcement stated that the platform will be based in Hong Kong, oriented towards the international market, and will adhere to international market standards and Hong Kong regulatory requirements. It will strive to create an open, fair, efficient, and stable fixed income and currency trading infrastructure, and will enhance trading efficiency and transparency, promote price discovery, reduce transaction costs, and explore technological innovation to empower financial services. The specific launch date of the platform will be announced in due course.
Security experts indicate that approximately $22 million in illicit funds flowed into HitBTC in 2026, and the platform repeatedly refused to cooperate with the investigation.
According to ChainCatcher, Darcy, co-founder of FlashRescue, disclosed that approximately $22 million in illicit funds flowed into the cryptocurrency exchange HitBTC in 2026. He pointed out that HitBTC refused to cooperate with police investigations on two separate occasions, a practice consistent with the platform's actions, as reported by several on-chain investigators. He mentioned that in the Bybit theft case, as much as $3.68 million from a money laundering network linked to DPRK (North Korea) flowed into HitBTC, but the platform again failed to cooperate with the relevant authorities in subsequent investigations.