The platform distinguishes itself by providing access to actual U.S. shares rather than synthetic derivatives or price-tracking tokens. Users can convert stablecoins like USDT into dollars to fund securities purchases or leverage their crypto holdings as collateral to trade equities. A key feature includes a "Shares to Token" function, which allows investors to convert stock positions into tokens that count toward crypto account margin requirements.
In section Cryptocurrency
UMX Opens Beta Integrating Crypto and Traditional Stock Markets
UMX, the exchange incubated by Li Lin’s Avenir Group, has launched an invitation-only public beta for professional investors. The platform aims to bridge digital and traditional finance by allowing users to trade U.S. stocks, ETFs, and options alongside crypto assets, using a shared capital framework for cross-asset liquidity.
Institutional backing for the project remains significant, underscored by Avenir Group’s substantial position in BlackRock’s iShares Bitcoin Trust. SEC filings indicate the firm held over 18 million IBIT shares as of March 31, valued at approximately $702 million. While the platform offers extended trading hours and cross-asset margin tools, UMX has yet to clarify the specific custody structures or the blockchain protocols underlying its tokenized stock conversions. The beta is currently restricted to select professional users, with no confirmed timeline for a broader public release or specific details regarding jurisdictional access for residents of the United States.
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