Technology
M1X Global Announces Further Funding Led by Paradigm, Totalling $8.5 Million
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4 months agoon
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Funding supports M1X Global’s continued development and the institutional rollout of USDM1, the first USD-denominated sovereign bond natively issued on a public blockchain secured 1:1 by US Treasuries
NEW YORK, July 7, 2026 /PRNewswire/ — M1X Global, a sovereign financial infrastructure and technology company helping governments bridge the transition to 24/7, programmable capital markets, today announced the close of a Seed funding round, just 14 weeks after its public launch and angel raise. The oversubscribed round was led by Paradigm, one of the largest and most prominent investment firms in frontier technologies, with strategic participation from Breed VC, and brings M1X Global’s total funding to $8.5 million.
As regulatory clarity and institutional interest accelerate the adoption of digital assets, M1X Global partners with governments to develop and implement new blockchain-based solutions. In its flagship public-private partnership with the Republic of the Marshall Islands, M1X Global supported the Government in their issuance of USDM1, the first U.S. dollar-denominated secured sovereign bond natively issued on a public blockchain. USDM1 expands access to government aid and financial services in the Pacific. M1X helped coordinate the Government’s issuance and an ecosystem of partners including Cleary Gottlieb, Stellar Development Foundation, Anchorage Digital Bank, Guidepost, Inca Digital and Crossmint.
USDM1 combines the legal and economic structure of fully collateralized, USD-denominated sovereign debt with the programmability of digital assets, offering T+0 settlement, enforceable legal protections, and programmable transferability. It supports institutional use as eligible sovereign collateral in regulated 24/7 markets, and has been used in institutional working groups with major financial institutions and market infrastructure providers including Bank of America, Citadel Securities, Virtu Financial, Tradeweb, and DTCC. USDM1’s structure is bankruptcy-remote, supports look-through to HQLA and inclusion in legal netting sets as collateral.
Paradigm is known for backing category-defining companies across digital assets and other frontier technologies. Their interest and subsequent funding of M1X Global reflects growing conviction that sovereign financial infrastructure represents a critical next phase of blockchain adoption, bridging public markets, regulated institutions, and digital-native rails. BreedVC also participated in the round, reinforcing alignment from venture partners at the intersection of finance and technology.
Mark Lurie, CEO of M1X Global, said: “Paradigm’s investment is an important milestone for M1X Global, strengthening our ability to scale the infrastructure behind sovereign financial instruments and to accelerate the build-out of systems that can support their use across regulated markets. This support advances our capacity as we continue to see strong onboarding demand and institutional adoption of USDM1.”
Jordan Goldman, President and COO of M1X Global, said: “As USDM1 moves into institutional deployment, we have been seeing clear evidence of the ways sovereign instruments can deliver meaningful impacts in both domestic and institutional contexts. These assets can improve access to government services and also provide new sources of high-quality institutional collateral in 24/7 markets. This investment supports the expansion of M1X’s platform and of USDM1’s ability to meet institutional demand across regulated market infrastructure.”
Arjun Balaji, Partner at Paradigm, said: “24/7 markets require collateral that can move 24/7. USDM1 shows how sovereign debt can be issued natively onchain. M1X Global has assembled the rare mix of government, capital markets, and crypto expertise needed to bring this model to institutional scale.”
The raise also reflects confidence in M1X Global’s vision and founding team: Mark Lurie (CEO), Jordan Goldman (COO and President), and Robert Muller (President, Lomalo). Together, they bring deep expertise across finance, government, and digital assets.
Lurie, a successful repeat entrepreneur, most recently built a top-5 decentralized exchange through Shipyard Software, later acquired by Sushi Labs. Goldman, also a repeat entrepreneur, was an early C-suite executive at Genesis Trading, where he helped launch its custody and derivatives businesses and established the firm as the industry’s first digital asset prime brokerage. During his tenure, Genesis grew from $10 billion to over $300B in annual transactions. Muller brings senior international government experience, including service as Chief Secretary and an advisor to a Presidential Cabinet, with expertise across public-sector leadership and policy implementation.
Paradigm and Breed’s investment follows a period of growing institutional availability and adoption of USDM1, including institutional offerings through Anchorage Digital‘s federally regulated bank and tZERO‘s SEC-registered broker-dealer custodian, alongside Surus serving as a US trust company, maintaining a first-priority perfected security interest in US Treasury collateral for holders under the UCC. They join angel-round investors including Balaji Srinivasan, former CTO of Coinbase, and Tama Churchouse, CEO of Cumberland Labs, as well as advisors including Peter Dittus, former Secretary General of the Bank for International Settlements, Leon Marshall, former CEO of Europe at Galaxy Digital, and Jerry Archer, former CISO of Intuit and Sallie Mae.
About M1X Global
M1X Global is a sovereign financial infrastructure and technology company bridging public finance and on-chain capital markets. Operating in public-private partnership with the Republic of the Marshall Islands, M1X coordinates legal, compliance, technology, custody and institutional infrastructure required to integrate sovereign digital instruments and global markets.
About USDM1:
USDM1 is USD-denominated sovereign debt issued natively on-chain by the Republic of the Marshall Islands, secured 1:1 by short-duration U.S. Treasury instruments held in bankruptcy remote custody. The RMI operates exclusively on the U.S. dollar standard under its Compact of Free Association with the United States, which establishes the dollar as its sole legal tender. For more, see the government’s white-paper “Financial Access and the Path to USDM1.”
USDM1 is structured in the style of a fully collateralized Brady bond under New York law, with an explicit customary waiver of sovereign immunity. USDM1 provides holders with claims secured by a perfected first-priority security interest in collateral. Unlike privately issued digital dollar instruments, USDM1 is structured as sovereign debt with collateral perfected under the UCC, enabling compatibility with ISDA netting frameworks and supporting inclusion in ISDA netting sets. As institutional-grade collateral, USDM1 supports integration in institutional margin, repo and financing workflows and operates within existing legal, accounting, and capital frameworks, improving capital efficiency and balance sheet treatment.
Cleary Gottlieb serves as issuer’s counsel and advised with respect to the structuring of the instrument under New York law with the participation of partners specializing in sovereign debt, UCC and secured transactions, creditors’ rights, netting and digital asset market infrastructure.
USDM1’s structure has been developed with legal analysis from Cleary Gottlieb Steen & Hamilton LLP and accounting analysis prepared by Andersen.
Disclaimer:
The content of this communication is for informational purposes only and is not intended to market, offer, or solicit you to buy or sell USDM1 or any financial product directly from M1X Global, Paradigm, or the Republic of the Marshall Islands or otherwise.
USDM1 is being offered and sold solely outside the United States in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”). The Republic of the Marshall Islands has not registered any offering of USDM1 under the U.S. Securities Act, or any other U.S. federal and state securities laws. Accordingly, USDM1 may not be offered, sold, pledged or otherwise transferred in the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S), unless they are registered, or exempt from, or not subject to, registration under the Securities Act.
Nothing in this communication should be construed as, or constitutes, a recommendation, by M1X Global, Paradigm, the Republic of the Marshall Islands or any third party, to acquire or dispose of USDM1 or any other security, or to engage in any investment strategy or transaction. Prospective investors are urged to carefully read the offering memorandum prepared in connection with the offering of USDM1 in its entirety, including all annexes, appendices, and supplements thereto, before making any investment decision. The offering memorandum contains important information regarding, among other things, the terms of the securities, the risks associated with an investment therein, and the financial condition and business of the issuer. Prospective investors are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for them based on their investment objectives and personal and financial situation. Prospective investors should consult an attorney or tax professional regarding their specific legal or tax situation.
View original content:https://www.prnewswire.co.uk/news-releases/m1x-global-announces-further-funding-led-by-paradigm-totalling-8-5-million-302819734.html
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Technology
SPS Releases New Report on Turning Workplace Data and AI into a Competitive Advantage
Published
32 minutes agoon
October 27, 2026By
Featuring insights from AWS, the report explores how connecting workplace data, human context and AI can help organizations make better business decisions
NEW YORK, Oct. 27, 2026 /PRNewswire/ — SPS, a leading technology-driven business transformation company, today released Turning Workplace Data into a Competitive Advantage, a new report examining how organizations can connect workplace data, human context and AI to generate meaningful insights and make better business decisions.
Authored by Nicole Mangarella, Head of Global Technology and Innovation at SPS, the report explores why collecting more data is not enough. Drawing in part on perspectives shared at the 2026 SPS Connected Workplace Experience event, hosted by SPS in partnership with AWS in New York City, the report examines how connecting information across workplace systems, combining quantitative signals with human context, and applying artificial intelligence can help leaders uncover patterns, identify risks and act with greater confidence.
Organizations generate workplace information through occupancy platforms, room-booking systems, sensors, service requests, visitor systems, employee feedback and financial systems. When those sources remain disconnected, however, leaders may see only part of the picture. Bringing them together can reveal insights individual systems may miss, helping organizations better understand workplace utilization, operational performance, employee experience and potential risk.
SPS’s approach to creating more connected, intelligent workplace operations has also earned industry recognition. In the 2026 IDC MarketScape for Worldwide Mailroom Solutions and Services, IDC named SPS a Leader, recognizing its ability to connect physical and digital workflows through AI-enabled document intelligence, integrated workplace services and operational automation.
“The competitive advantage isn’t having more workplace data. It’s knowing which questions to ask, connecting the information needed to answer them, and turning those insights into better decisions—faster,” said Mangarella. “Organizations don’t need another dashboard. They need the right information and context to make better decisions.”
Creating a Trusted Foundation for AI
As organizations expand their use of AI, the report highlights the importance of trustworthy, well-governed data. Michal Kolodziej, Senior Account Solution Architect at AWS, emphasizes that AI needs more than large volumes of information; it needs data with sufficient precision and context to produce reliable answers people can trust.
The report also examines AWS’s “working backwards” approach: start with the business problem and desired outcome, determine the information needed to support the decision, and then design the technology, data architecture and processes around it. SPS describes a similar approach to workplace intelligence, beginning with a focused set of high-value data before expanding to additional sources.
The report further highlights how governance, common definitions and clear ownership can help organizations move from fragmented information toward workplace intelligence that leaders can use with confidence.
Explore Turning Workplace Data into a Competitive Advantage to discover practical examples and five questions workplace leaders can use to turn data into better decisions.
About SPS
SPS is a leading technology-driven business transformation company. With our innovative Enterprise Workplace Solutions, we empower organizations to adopt modern work concepts to enhance productivity and flexibility. Our Technology Business Solutions bring together cutting-edge technology, deep vertical process expertise and a diverse global workforce to support clients in their digital transformation journey and efficiently tackle their most complex challenges.
Headquartered in Zurich, Switzerland, SPS operates in more than 20 countries and focuses on clients in banking, insurance and healthcare. SPS has more than 8,000 employees and is recognized with a world-class Net Promoter Score by its global client base.
We act with precision, connect people to the right information, and turn data into insights for better outcomes.
Discover how our dedicated team at SPS makes an impact that matters by visiting SPS Global.
SPS. The Power of Possibility.
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Technology
ABB turns aging drives into a second life at ACC’s Jamul plant, without stopping production
Published
32 minutes agoon
October 27, 2026By
To date, on-site drive reconditioning has preserved capital and material value, avoided ~16 metric tons of CO₂ emissions, and maintained continuity, delivering environmental, economic, and operational value in one decision.Asset health assessment by ABB helped the major Indian cement producer choose a tailored, multi-year ABB Motion OneCare agreement, for enhanced reliability, uptime, and cost predictability.ACC Limited is set to benefit from energy appraisals, scheduled drive reconditioning, and digital monitoring to shift maintenance from reactive to predictive.
BENGALURU, India, Oct. 27, 2026 /PRNewswire/ — ABB has signed a multi-year ABB Motion OneCare service agreement with ACC Limited, a major cement producer in the Adani Group, to improve the operational reliability of ACC’s Jamul cement plant in Chhattisgarh, India. The comprehensive maintenance framework, shaped around ACC’s needs, encompasses scheduled reconditioning, digital monitoring, and energy appraisals, with the latter extending the program’s scope from restoration into ongoing performance enhancement.
Phase one, completed in April 2026, reconditioned 25 ABB ACS800 variable speed drives on site without a major shutdown. By retaining the existing cabinets and reconditioning equipment rather than replacing complete panels, the project avoided approximately 16 tonnes of CO₂ emissions.
A second phase covering the reconditioning of an additional 25 ACS800 drive modules is planned for Q4 2026. As part of the agreement, ACC also began using ABB Ability™ Digital Powertrain Insights, setting the foundation to shift from reactive to predictive maintenance.
A fleet that delivered — and a clear signal to act
The ABB ACS800 drives at Jamul — installed in 2010 — had maintained a strong reliability record across well over a decade of near-continuous operation in one of the most demanding industrial environments. Over time, however, the cumulative effects of electrical aging reached a point where trip event patterns were no longer in line with the plant’s operational requirements — a natural inflection point for a fleet that had been running full steam since installation, and a clear signal that the time had come to act.
Rather than defaulting to full replacement, ACC engaged ABB’s certified engineers for a structured asset health assessment. The finding was clear: the drives’ cabinets and enclosures remained structurally sound. Targeted reconditioning was both the technically right and most cost-effective route to extended lifetime and sustained reliability.
Expertise brought to the plant
Two decades of working knowledge of ACC’s equipment and operational calendar shaped the approach. ABB developed a service plan tailored to ACC’s shutdown windows and budget cycle. The multi-year ABB Motion OneCare agreement includes scheduled drive reconditioning, ABB Ability™ Digital Powertrain Insights, and energy appraisals. To start, ABB brought its reconditioning expertise directly to Jamul. Earlier this year, 25 ACS800 drives were restored to factory specification without interrupting production, with the original enclosures retained. Phase two is in planning: an additional 25 ACS800 modules are scheduled for on-site reconditioning in the last quarter of 2026.
In addition, with ABB Ability™ Digital Powertrain Insights now active across the fleet, ACC’s teams gain continuous visibility into temperature, current, vibration, and fault patterns — the intelligence to act on emerging issues before they become failures. Energy appraisals, built into the later phase of the program, will extend its scope from restoration into systematic performance improvement. “We know what unchecked wear costs over time: a small inefficiency that eats away at ROI for years. At Jamul, the evidence pointed clearly to assets with productive life still in them,” said Amit Gupta, Local Division Manager, Motion Services, ABB India. “Our job was to restore them properly and give the team the tools to stay ahead of the next problem. At ABB, we don’t just fix what fails. We want to protect what works.”
Circularity as the operating logic
The program reflects the competitive logic of industrial circularity. Restoring what was installed rather than replacing it kept material and economic value in productive use, and protected continuity — all in one decision. ABB data indicates reconditioning reduces drive lifecycle emissions by 50 to 80% versus full replacement. Digital monitoring gives ACC’s teams real-time intelligence: now they know exactly what to fix, and exactly when to fix it, for maximum uptime.
“Moving from reactive firefighting to a structured maintenance plan was exactly what this operation needed. That kind of peace of mind doesn’t come easily. It comes from a partner that understands how your business runs,” added Vinod Bahety, CEO – Cement Business, Adani Group. “We didn’t need a full system overhaul; we needed expert support, actionable insights, and a plan we could execute around our schedule. That’s what we got.”
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com
ABB Motion, a global leader in motors and drives, is at the core of accelerating a more productive and sustainable future. We innovate and push the boundaries of technology to contribute to energy efficient, decarbonizing and circular solutions for customers, industries and societies. With our digitally enabled drives, motors and services we support our customers and partners to achieve better performance, safety and reliability. To help the world’s industries outrun – leaner and cleaner, we deliver motor-driven solutions for a wide range of applications in all industrial segments. Building on over 140 years of domain expertise in electric powertrains, our more than 23,000 employees across 100 countries learn and improve every day. go.abb/motion
ACC Limited, a subsidiary of Ambuja Cements and part of the diversified Adani Group, is one of India’s most trusted building materials and concrete solutions company. With a legacy of nearly nine decades, ACC operates 20 cement manufacturing sites, 119 ready-mix concrete plants, and a nationwide network of channel partners, serving its customers. ACC is actively advancing its sustainability roadmap with a strong focus on green energy, circular economy, and digital transformation. The Company alongside Ambuja Cements is among the fourth large-scale building materials company in the world committed to net-zero by 2050, with its near-term and science-based net-zero targets validated by the Science Based Targets initiative (SBTi). ACC continues to drive operational excellence through synergies with the Adani Group in logistics, power, project execution, and digital infrastructure. ACC has been recognised India’s Most Sustainable Company 2026 in the Cement Sector by Business Today. Its blended cement products are GreenPro certified, and its innovative products are listed in the GRIHA product catalogue. ACC has been recognised as one of ‘India’s Most Trusted Cement Brands’ by TRA Research and among the ‘Iconic Brands of India 2025’ by The Economic Times for the third consecutive year. https://www.acclimited.com/
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STOCKHOLM, Oct. 27, 2026 /PRNewswire/ —
Record sales, operating profit and margin
Third quarter
Net sales totaled SEK 40,771 M (38,146), with organic growth of 4% (3) and acquired net growth of 2% (5). Exchange rates affected sales by 1% (–6).Organic sales growth was strong in Americas and EMEIA, good in Global Technologies and Entrance Systems, but declined in Asia Pacific.Three acquisitions with combined annual sales of about SEK 350 M and one divestment were completed during the quarter.Operating income1 (EBITA) increased by 12% to SEK 7,612 M (6,815) with an operating margin of 18.7% (17.9).Operating income1 (EBIT) increased by 11% to SEK 7,102 M (6,416) with an operating margin of 17.4% (16.8).Net income1 amounted to SEK 4,718 M (4,144).Earnings per share1 amounted to SEK 4.24 (3.73).Operating cash flow amounted to SEK 7,405 M (6,969).
Sales and income
Third quarter
January–September
2025
2026
Δ
2025
2026
Δ
Sales, SEK M
38,146
40,771
7 %
114,102
115,781
1 %
Of which:
Organic growth
1,119
1,428
4 %
2,671
3,568
3 %
Acquisitions and divestments
1,853
935
2 %
5,417
2,623
2 %
Exchange rate effects
–2,243
262
1 %
–4,572
–4,512
–4%
Operating income (EBIT)1, SEK M
6,416
7,102
11 %
18,216
19,242
6 %
Operating margin (EBITA)1, %
17.9 %
18.7 %
17.0 %
17.8 %
Operating margin (EBIT)1, %
16.8 %
17.4 %
16.0 %
16.6 %
Income before tax1, SEK M
5,563
6,333
14 %
15,648
17,018
9 %
Net income1, SEK M
4,144
4,718
14 %
11,658
12,678
9 %
Operating cash flow, SEK M
6,969
7,405
6 %
14,845
16,847
13 %
Earnings per share1, SEK
3.73
4.24
14 %
10.49
11.41
9 %
1 Excluding items affecting comparability for the same period of the previous year. Please see the tabulated figures section in this report, page 12, for further details about the financial effects in 2025.
Comments by the President and CEO
“I am happy to report another record strong quarter for ASSA ABLOY in which our sales grew by 7%, driven by 4% organic sales growth, 2% net acquired growth and 1% from currency movements. This is the seventh consecutive quarter with organic sales growth despite the geopolitical and macroeconomic uncertainties we have seen in the last couple of years. The good organic sales growth contributed to a record-high operating margin and for the first time our operating profit exceeds SEK 7bn in a quarter!
Organic sales growth was strong in the Americas and EMEIA divisions – 6% and 5% respectively. Americas growth was driven by continued strong growth in the non-residential segment and Latin America. The North America Residential segment improved and had good sales growth. In EMEIA, the growth was driven by very strong sales growth in Central Europe, while the other regions had good or stable sales growth developments. Global Technologies grew by 4%, with strong sales growth in HID, while Global Solutions’ growth was low single-digit due to temporarily lower deliveries in the retail business unit. Entrance Systems reported good organic growth of 3%, driven by Pedestrian and Perimeter Security. Organic sales in Asia Pacific declined 1% due to weak sales in Greater China.
The operating profit (EBIT) totaled SEK 7,102 M, up 11% vs. last year. The operating margin improved by 60 bps year-on-year to 17.4% (16.8) driven by excellent operating leverage of 47% due to price realization and cost efficiencies. The operating cash flow improved by 6% year-on-year to SEK 7,405 M, resulting in an excellent cash conversion of 117%.
Our people make the difference
Our decentralized organization and commitment to innovation remain two of our key competitive advantages. However, the foundation of everything we do is our 65,000 people. Their dedication, expertise and curiosity drive our success. As more of our products and solutions become electromechanical, our technology platforms create new opportunities to realize synergies. To continue to lead this transition, we continue to invest in our people. Over the last eight years, the number of internal applications for each open position has almost tripled, demonstrating the strength of our culture and the career opportunities available within ASSA ABLOY. Developing talent remains a strategic priority. Through leadership development programs, continuous learning opportunities and increased cross-divisional collaboration, we are building the capabilities to support future growth. Our ‘Together We’ culture is founded on empowerment, innovation and integrity. This supports our ambition to be a world-leading organization, knowing that when our people succeed, our business succeeds too.
Our acquisition strategy also brings talented people into the Group, adding fresh perspectives, new ideas and entrepreneurship. We are proud that many founders of the companies we acquire choose to remain with ASSA ABLOY. During the quarter, we acquired three businesses. We also announced the signing of Gunnebo Entrance Control, which will strengthen and complement our existing offering in pedestrian access solutions.
We are proud of what we have accomplished in the first nine months and are confident in our ability to deliver another strong year. At the same time, we remain focused on the opportunities ahead. To ensure that ASSA ABLOY remains long-term competitive, we will also launch our 11th manufacturing footprint program during the fourth quarter.
Thank you for your continued trust in ASSA ABLOY.”
Nico Delvaux
President and CEO
Further information can be obtained from:
Nico Delvaux, President and CEO
phone: +46 8 506 485 82
Erik Pieder, Executive Vice President and CFO,
phone: +46 8 506 485 72
Björn Tibell, Head of Investor Relations,
phone: +46 70 275 67 68
e-mail: bjorn.tibell@assaabloy.com
ASSA ABLOY is holding a telephone and web conference at 09.00 CET on 27 October, 2026, which can be followed online at assaabloy.com/investors.
It is possible to submit questions by telephone on:
08–505 100 31, +44 203 059 5863 or +1 631 570 5613
This information is information that ASSA ABLOY AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on 27 October, 2026.
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/assa-abloy/r/quarterly-report-q3-2026,c4415570
The following files are available for download:
https://mb.cision.com/Main/7333/4415570/4340384.pdf
The full report (PDF)
https://news.cision.com/assa-abloy/i/assa-abloy-logo-door-,c3576156
ASSA ABLOY logo door
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SPS Releases New Report on Turning Workplace Data and AI into a Competitive Advantage
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ASSA ABLOY: Quarterly Report Q3 2026
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