UMX RWA Stock Tokens — Product Overview & FAQ

What Are UMX RWA Stock Tokens?

• If you already hold the U.S. stocks on UMX, you can convert your stock position into tokens with a single click and use them directly as margin in your unified trading account — no need to sell your shares, and your capital becomes immediately productive.
• If you are a crypto user, you can purchase UMX RWA Stock Tokens directly to gain exposure to U.S. equities such as NVIDIA and Apple. By opening a UMX Securities account, you can convert back to actual shares at any time.
• UMX RWA Stock Token spot trading is currently available 5×24 hours, and the tokens are accepted as margin 7×24 hours. Spot trading will be expanded to 7×24 hours in the future, completely breaking the constraints on the fixed trading hours of traditional U.S. stock exchanges and enabling trading on weekends and public holidays.

Frequently Asked Questions

Basics

UMX RWA Stock Tokens are tokenized securities. Dividends distributed by the underlying stock are reinvested automatically through adjustments to the token multiplier, so the full economic value of any dividend accrues to the token holder. The product carries economic rights only and does not currently support shareholder statutory rights such as voting rights.

If you require full statutory shareholder rights, token holders may convert their tokens back to actual stock positions via the "Token-to-Stock" function to enjoy complete shareholder entitlements.

UMX RWA Stock Tokens are only available to users in supported jurisdictions who have completed identity verification on the UMX platform. UMX does not provide these services to U.S. persons, users in restricted countries, or users in sanctioned regions. The restricted jurisdiction roster is maintained on an ongoing basis to align with evolving local regulatory requirements and global sanctions compliance policies, and is subject to amendments from time to time.

The minimum trading and conversion quantity for each UMX RWA Stock Token is currently 1 token. Each token represents a fixed quantity of underlying custodied equities (this quantity may exceed 1 due to corporate actions such as dividends). A more detailed explanation of the multiplier mechanism applicable to the corporate action is set forth below. Any changes to these rules will be announced on the platform.

UMX RWA Stock Tokens use a multi-source weighted composite pricing mechanism. During U.S. market hours, pre-market, post-market, and overnight sessions — the platform provides users with fair prices closely tracking the underlying spot price. Minor deviations from the underlying U.S. stock prices may occur, such as minor pricing gaps attributable to system transmission latency.

UMX RWA Stock Tokens currently circulate only within the UMX platform and cannot be transferred to external platforms. The platform is continuously enhancing its product capabilities. If cross-platform withdrawal is enabled in the future, an official announcement will be published as soon as possible.

Ordinary U.S. stocks can only be traded during exchange hours and offer limited functionality. After opening a crypto account on UMX, you can trade UMX RWA Stock Tokens at any time on weekdays (with 7×24 trading coming in the future), and your positions can be used as margin. With a UMX Securities account, you can also convert freely between actual shares and tokens in both directions.

To use UMX RWA Stock Tokens as margin, simply transfer them to your crypto trading account. Once the assets arrive, they are automatically counted toward your margin pool — no further action is required.

Go to 【Trade → Spot → Spot & Margin → RWA】 on UMX to buy or sell U.S. stock tokens — the process is identical to buying or selling crypto assets: simply placing an order on the trading page. Your assets can be viewed under 【Assets → Crypto → Spot】.

Stock-to-Token / Token-to-Stock

If you hold actual U.S. shares in a UMX Securities account, you can use the "Stock-to-Token" feature to convert them into the corresponding UMX RWA Stock Tokens. Once converted, the tokens enter the UMX unified account system and can be used as margin, increasing capital utilization while retaining your exposure to the underlying U.S. equity asset.

Token-to-Stock converts your UMX RWA Stock Tokens back into actual U.S. shares. This conversion is only available to users who have already opened a Securities account on UMX. After conversion, you will regain full shareholder rights, including voting participation and direct receipt of dividends.

Conversion fees for UMX RWA Stock Tokens are currently waived .

After converting your underlying U.S. shares into UMX RWA Stock Tokens. These token assets can be included in the user's margin pool and applied toward derivatives contract trading and spot margin trading. The full U.S. equity economic exposure corresponding to your UMX RWA Stock Tokens is preserved, allowing the same asset to serve simultaneously as an investment position and trading collateral.

1. Convert stock tokens via Stock-to-Token — If you wish to use your shares as margin, go to 【Assets → Securities → select the specific stock → Tokenize】 to convert stocks to tokens into your UMX crypto account.

2. Convert back to actual shares via Token-to-Stock — If you wish to restore your actual U.S. stock position, go to 【Assets → Crypto → select the specific stock token → Token-to-Stock】 to transfer the tokens back to your UMX Securities account.

Corporate Actions

Corporate actions are company events that affect the value or structure of the underlying stock. Common types include cash dividends, inkind dividends, stock splits, reverse splits, mergers and acquisitions, and delistings. When a corporate action occurs, the issuer will make the appropriate adjustments based on the event type to ensure that token positions correctly reflect the changes to the underlying stock.

This section focuses on dividends, stock splits, and reverse splits. For other types of corporate actions, the platform will notify users in advance via official announcements, including any temporary suspension of trading or other product features.

The Multiplier is an adjustment coefficient used by UMX RWA Stock Tokens to track changes in the underlying stock's equity value. Each token has an initial multiplier of 1 at issuance, meaning 1 token corresponds to 1 unit of the underlying stock's equity. When the underlying stock undergoes a corporate action such as a dividend or stock split, the issuer adjusts the multiplier accordingly so that the token's economic value accurately reflects the change in the underlying asset.

The Record Date is the official deadline set by the listed company to determine which shareholders are entitled to receive dividends, vote, or enjoy other rights. The multiplier for UMX RWA tokenized stocks will automatically adjust in accordance with dividend amounts — no manual action is required from users.

The ex-dividend date is the cutoff point for dividend entitlement. Users need to confirm their position by 19:50 U.S. Eastern Time on the trading day before the Ex-Dividend Date (exact timing is subject to the actual U.S. stock record time) in order to receive the economic entitlement for that dividend. The system will match the entitlement through a multiplier adjustment.

Under U.S. stock T+1 settlement rules, the Ex-Dividend Date and the Record Date are typically the same day.

You will receive the corresponding economic entitlement, though it will not be distributed as cash or stablecoins. After the issuer receives the dividend, the net amount — after deducting the 30% U.S. withholding tax and applicable fees — is reinvested to purchase additional underlying shares. This value is then reflected in your position through an adjustment to the token multiplier. The amount of UMX RWA Stock Tokens remains unchanged, but the underlying share amount each token represents increases slightly, which is economically equivalent to the dividend being fully credited to you.

A stock split is a corporate action in which each existing share is divided into multiple shares, lowering the per-share price while keeping the total market capitalization unchanged.

Example: A company's share price is very high, and the company announces a 1-for-10 split.

• Before the split: The underlying share is worth $1,200. 1 UMX RWA Stock Token corresponds to 1 underlying share, so the token is priced at $1,200.
• After the split: The underlying share price is adjusted to $120. The platform increases the multiplier to 10, and the token price remains $1,200.

Through the multiplier adjustment, the number of tokens held by users does not change, and the overall portfolio value is unaffected. At this point, each UMX RWA Stock Token corresponds to 10 times the original underlying share amount, while the token price remains unchanged.

What is a reverse split?

The opposite of a stock split: multiple shares are merged into one share, increasing the per-share price while keeping the total market capitalization unchanged.

Example: A company's share price is very low, and the company announces a 10-for-1 consolidation.

• Before the consolidation: The underlying share is worth $10. 1 UMX RWA Stock Token corresponds to 1 underlying share, so the token is priced at $10.
• After the consolidation: The underlying share price is adjusted to $100. The platform reduces the multiplier to 1/10 of its previous value, and the token price remains $10.

Through the multiplier adjustment, the number of tokens held by users does not change, and the overall portfolio value is unaffected. At this point, each UMX RWA Stock Token corresponds to 1/10 of the original underlying share amount, while the token price remains unchanged.

Will trading be suspended during a corporate action?

Certain services will be temporarily suspended during the corporate action processing period. Please refer to our official announcements for specific suspension windows and service resumption timelines.