Retail brokerage CMC Markets announced Friday that it has purchased a 33% stake in customer-centric blockchain solutions business StrikeX Technologies.
CMC Markets described the move as a “major strategic investment” and a significant milestone in the growing Web 3.0 technology space, adding that it will provide them with “access to the very best technology and advancements.”
Lord Cruddas, Chief Executive Officer, said:
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.”
The companies will link up to combine StrikeX’s expertise in tokenisation and self-custody technologies and CMC’s extensive experience in financial services. In addition, CMC Markets will gain access to the latest blockchain-related products and services, allowing it to leverage the technology for its customers over the longer term.
CMC added that the “arm’s length investment” delivers the company a further opportunity for growth.
StrikeX Chief Executive Officer and Co-Founder Joe Jowett stated:
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.”
