Avenir Group-backed UMX launches a beta platform combining crypto assets and US equities to enhance cross-asset capital efficiency.
UMX, incubated by Avenir Group, has launched an invitation-only public beta for its crypto-friendly securities platform. The exchange aims to integrate crypto asset trading with real US stocks on a single platform, targeting improved capital efficiency across asset classes.
Avenir Group, a major institutional holder of Bitcoin ETFs in Asia, has been expanding its footprint in both traditional finance and digital assets. The platform’s beta phase marks a step toward bridging conventional and crypto markets.
No immediate market reaction was disclosed in the announcement.