TREE NEWS update: UMX (The Unified Market Exchange), a crypto-friendly securities platform incubated by Li Lin’s Avenir Group, officially launched on October 16. The platform lets global professional investors trade real Hong Kong and US stocks, ETFs, US equity options and crypto assets under a unified account with cross-asset margin. UMX said it received 788 pieces of product feedback during its public beta from August 10, with 89 requests implemented in the official release.
Li Lin’s Avenir Group Launches Crypto-Friendly Securities Platform UMX
The launch matters less as another trading venue than as a signal that crypto-native groups are moving toward regulated, multi-asset brokerage rather than pure exchange plays. Targeting professional investors with cross-asset margin positions UMX against both traditional prime brokers and offshore crypto platforms, in a space where unified margin across equities and digital assets remains rare. The open question is whether this model attracts real flow or stays a niche offering, and whether similar hybrid structures follow from other crypto-linked firms.
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