BitGo Adds USDM1 Custody and Settlement on 3 Chains

BitGo has launched institutional custody and off-exchange settlement support for USDM1, a sovereign bond issued natively onchain, with coverage spanning the Stellar, Ethereum and Solana blockchains.

The custodian confirmed the offering in a statement published on July 17, 2026, describing USDM1 as the world’s first natively issued onchain sovereign bond. The support covers both custody and off-exchange settlement of the asset for institutional clients. For related coverage, see Three Men Jailed for Posing as Police in $5.3M UK Crypto Fraud.

USDM1 is documented by the issuer through a dedicated whitepaper and asset disclosures, which frame the instrument as a sovereign bond represented directly on public blockchains rather than through a wrapped or off-chain structure. For related coverage, see Crypto.com Strikes $400 Million Deal With Citadel Securities.

Why Support Across Three Networks Matters

By offering custody and settlement across Stellar, Ethereum and Solana, BitGo positions USDM1 for cross-chain availability rather than confining the asset to a single ledger. That multi-network coverage is central to the announcement, because custody and settlement are infrastructure functions that must follow the chains where an asset actually lives.

Off-exchange settlement, the second pillar of the offering, lets institutions settle trades without leaving assets on a trading venue. Combined with custody across the three named networks, it frames the launch as an operational access story rather than a price or adoption claim.

Where the Launch Fits BitGo’s Infrastructure Push

The USDM1 support extends BitGo’s positioning as a digital asset infrastructure provider, a role reinforced when the firm was among the institutions to receive an OCC national trust bank charter. Custody and settlement of a tokenized sovereign bond ties this launch to that regulated infrastructure trajectory rather than to token trading.

The move also follows BitGo’s broader corporate expansion, including its arrival as the first crypto IPO of 2026 and an ongoing push into stablecoin and settlement growth. Adding a natively issued sovereign bond to its supported assets places tokenized fixed income alongside those infrastructure priorities.

Beyond the launch itself, the supported networks, and USDM1’s identity as a sovereign bond, the available disclosures do not detail launch volumes, client commitments or fee terms, and those elements are not asserted here.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.