UMX Platform Assets Top $1 Billion About Two Weeks After Launch

UMX, a platform combining securities and digital assets in one account, crossed $1 billion in assets about two weeks after its Oct. 16 launch.

Customers can access stocks in Hong Kong and the United States, exchange-traded funds, options on U.S. stocks and digital assets. Stablecoin transfers, crypto asset financing and credit connect buying power across those holdings. The platform’s unified investing account launched Oct. 16.

The product grew out of investment allocation needs at a family office. Securities and digital assets were held in different accounts, making it harder to move funds across markets.

UMX plans to expand the global securities markets available through its service. It also intends to strengthen fund management across asset classes, institutional accounts and tools for professional traders.