CMC Markets is doubling down on its digital asset strategy. The UK-based online trading powerhouse has increased its stake in blockchain startup StrikeX Technologies from 33% to 51%, gaining majority control of the firm and its tech roadmap.
The move aligns with CMC’s long-term Web3 ambitions, giving it direct access to StrikeX’s blockchain infrastructure, tokenisation capabilities, and digital wallet technologies, all key ingredients in building financial products.
CMC first took a 33% stake in StrikeX back in 2023, calling it a strategic investment in tokenised finance and self-custody tech. Now, with majority control, StrikeX becomes a formal part of the CMC Markets group, enabling faster product rollouts, regulatory approvals, and global expansion.
As part of the latest deal, CMC has also increased its holding of STRX tokens from 10 million to 15 million, further tying its interests to the StrikeX ecosystem.
“This majority acquisition represents a significant leap forward in our ambition to lead in digital assets,” said Lord Peter Cruddas, CMC’s founder and CEO. “We are building a future-ready platform to deliver regulated, institutional-grade access to tokenised assets and blockchain-powered solutions.”
StrikeX CEO Joe Jowett previously described the partnership as a way to “pioneer the delivery of traditional financial instruments to the blockchain” including equities, bonds, and commodities.
StrikeX is a young London-based blockchain company building user-friendly tools for the tokenised future. The company seeks to bridge traditional assets like stocks, commodities, and bonds onto the blockchain in a compliant way. They also created TradeStrike, a wallet and trading platform built for the Web3 applications.
CMC’s move mirrors a growing trend as traditional finance firms are racing to embrace tokenisation and blockchain infrastructure.
Earlier in January, CMC Markets told its stakeholders in a trading update that its business remains on track to achieve its annual net operating income in line with previous guidance. The broker reiterated confidence in meeting the cost guidance of nearly £225 million, excluding variable remuneration and non-recurring charges.
CMC Markets also confirmed that the release of its full-year results for FY 2025 is scheduled for June 5, 2025.
Many expected an upward revision ahead of its full-year results, but the company instead reaffirmed its previous forecast, in line with market expectations.