Strategic Investment in StrikeX Technologies Ltd
CMC Markets Plc ("CMC Markets" or the "Group"), a leading global provider of online retail ("D2C") and institutional ("B2B") platform technology, today announces an investment in blockchain solutions company StrikeX Technologies Ltd
CMC Markets has acquired a 33% stake in StrikeX Technologies (StrikeX), a customer centric blockchain solutions business. This is a significant milestone for both companies and the digital asset industry, combining StrikeX’s expertise in tokenisation and self-custody technologies with CMC Markets' extensive experience in financial services.
This arm’s length investment presents CMC Markets with further opportunity for growth. The partnership will allow CMC Markets access to the latest blockchain related products and services with the opportunity to leverage these for our customers over the longer term.
StrikeX Chief Executive Officer and Co-Founder, Joe Jowett, commented:
"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."
Lord Cruddas, Chief Executive Officer, commented:
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 its 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.