CMC Markets Acquires 33% Stake in Blockchain Solutions Company StrikeX Technologies

CMC Markets, a leading global provider of online trading and institutional (B2B) platform technology solutions, announced that it has invested into StrikeX Technologies, a customer-centric blockchain solutions company, acquiring a 33% stake in the latter. The financial terms of the transaction have not yet been disclosed.

Through the investment, StrikeX's expertise in tokenization and self-custody technologies will be combined with CMC Markets's financial services offerings, giving CMC Markets access to blockchain-related products. The investment presents CMC Markets with further opportunity for growth.

Peter Cruddas, CEO and Founder of CMC Markets, said: "This is a major strategic investment in the growing Web 3.0 technology space of which StrikeX Technologies gives us access to the very best technology and advancements. StrikeX is a brilliant, young dynamic company, with a very talented team that has it's finger on the pulse of fast moving technologies. We are all very excited about working together as we continue to diversify our business with the latest technology, products and wallet settlement."

Joe Jowett, CEO and Co-Founder at StrikeX, said: "Our partnership with CMC Markets sets out to bolster our position as early frontrunners in this dynamic and fast-moving industry, whilst validating our long-term vision and strategy. We strive to pioneer the delivery of traditional financial instruments, such as equities, commodities, and bonds to the blockchain, whilst guaranteeing security, compliance, and ease of access via intuitive, secure, and user-friendly products. We are excited to see all we can achieve with our new partners and look forward to sharing more updates as we continue to grow and innovate."

While investing in the crypto space, CMC Markets is constantly expanding its reach. In April, the broker has expanded its trading platform CMC Invest to Singapore​. Currently, the platform is available in 15 countries or regions including Canada, Germany, France, Singapore, New Zealand, the United Kingdom and the United States. The same month, the company also relocated its Dubai team to a new, larger office​, aiming to strengthening its presence in the region.