Mox achieved financial breakeven in the first quarter of 2026 and has launched a new wealth management tier to drive sustainable profitability.

The digital bank introduced Mox+ to target young professionals and the emerging affluent segment in Hong Kong.

The financial milestone comes five years after the bank’s launch, with its customer base now exceeding 750,000.

Mox aims to transition from everyday banking to a comprehensive wealth partner through its new offering.

“Achieving financial breakeven for the first quarter of 2026 on the back of a strong 2025 set of results shows our direction of travel,”

said Barbaros Uygun, CEO of Mox.

“Our client-centric business model is proving that it is the right one for sustainable profitability.”

Expanding wealth management with Mox+

Customers automatically qualify for the Mox+ tier by maintaining an average daily balance of HKD 600,000 or above across all deposits and investments.

The programme offers preferential fees on Mox Invest, enhanced deposit rates of 3.5% per annum up to HKD 5 million, and priority customer support.

The bank also includes lifestyle and dining benefits as part of the package to encourage wealth building.

AI integration and future product roadmap

To support its expansion, Mox is equipping its staff with AI assistants to increase operational capacity.

The bank is positioning itself as an AI-native institution to improve efficiency as its product portfolio grows.

The bank reported significant growth in its investment platform over the past year.

Mox Invest saw trading volumes increase by 2.4 times, while assets under management grew 2.6 times compared to the previous year. Over 10% of the bank’s customers have opened an investment account.

Addressing cash drag in Hong Kong

Mox recently launched a cryptocurrency trading service and plans to introduce an initial public offering subscription service later in 2026.

The platform currently offers automated investments and trading signals. Customers also have access to funds developed with the Chief Investment Office of Standard Chartered Bank and Amundi.

A recent survey conducted by the bank and Ipsos found that Hong Kong residents hold 63% of their liquid assets in cash and deposits.

This conservative approach limits potential wealth growth and creates a cash drag effect. Mox plans to use this ongoing research to develop products that encourage earlier investment adoption.

Since its launch in 2020, the digital bank has processed 176 million card transactions and facilitated 50 million outbound Faster Payment System transfers.

Featured image credit: Mox press release