- UMX launched a closed beta combining crypto with U.S. financial assets.
- Users can convert USDT to dollars or use crypto as collateral for securities.
- UMX also links securities holdings to crypto margin through cross-asset trading.
UMX, the Unified Market Exchange incubated by Li Lin’s Avenir Group, launched an invitation-only beta on August 10. The platform targets professional investors seeking crypto and U.S. securities through one trading environment. Users can trade crypto spot, margin, contracts, and options alongside U.S. stocks, ETFs, and stock options.
UMX says its securities service provides actual share ownership rather than CFDs or price-tracking products. The platform also supports fractional shares and trading during premarket, regular, after-hours, and overnight sessions. According to a PANews report citing official disclosures, the platform combines cryptocurrency trading with access to U.S. stocks, ETFs, and stock options. Access depends on location, account status, and eligibility. UMX has not confirmed whether U.S. residents can access its securities services.
Stablecoins Connect Crypto and Securities
UMX’s beta connects crypto holdings with securities purchasing power through several cross-asset features. Its Exchange Transfer tool lets users convert USDT into U.S. dollars before moving funds into securities accounts. Loan Transfer allows eligible crypto assets to serve as collateral for purchasing stocks, ETFs, and U.S. stock options.
The Shares to Token feature extends this connection by allowing users to convert eligible securities into corresponding stock tokens. UMX says these tokens can contribute toward crypto account margin requirements at applicable discount rates. Users can later convert the positions back into securities. However, UMX has not disclosed the blockchain, token issuer, or custody structure behind these conversions. During the beta, UMX also advertises annualized yields of up to 2.5% on BTC products and 5.5% on USDT products, subject to eligibility and product terms.
Avenir’s Institutional Exposure Helps with Context
Following UMX’s launch, Avenir Group continues linking traditional finance with cryptocurrency investments and infrastructure. An SEC filing signed by Li Lin showed Avenir Tech held 18,276,100 BlackRock iShares Bitcoin Trust shares worth approximately $702.2 million on March 31. Avenir submitted the filing on May 15. In February, the firm partnered with CoinRoutes to improve institutional execution and capital efficiency across fragmented markets.
Meanwhile, UMX’s invitation-only beta connects stablecoins, crypto collateral, securities, and margin tools within one platform. Users without invitations can reserve future access, while UMX has not announced a wider launch date. Future disclosures will clarify jurisdictional restrictions, custody arrangements, service providers, and stock-token conversion mechanics.
Highlighted Crypto News:
NYSE Advances Tokenized Securities Plans With Onchain Settlement Infrastructure
