CMC Markets Acquires Majority Stake in Blockchain Startup StrikeX

CMC Markets is significantly expanding its digital asset strategy by acquiring majority control of blockchain startup StrikeX Technologies. The UK-based online trading giant increased its stake from 33% to 51%, effectively taking command of StrikeX’s technology roadmap and strategic direction.

This acquisition underscores CMC Markets’ ongoing commitment to Web3 innovation, providing direct access to StrikeX’s advanced blockchain infrastructure, tokenisation frameworks, and digital wallet technology—all crucial elements in developing cutting-edge financial products.

CMC initially invested in StrikeX in 2023, viewing the 33% stake as a strategic move into tokenised finance and self-custody solutions. With majority ownership now secured, StrikeX formally integrates into the CMC Markets group, accelerating product development, facilitating regulatory approvals, and enabling broader international expansion.

As part of the agreement, CMC Markets has also increased its holdings of StrikeX’s native STRX tokens from 10 million to 15 million, further solidifying its commitment 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 has previously highlighted the partnership as a pioneering effort to bring conventional financial instruments—such as equities, bonds, and commodities—to blockchain technology.

StrikeX, a burgeoning blockchain enterprise based in London, is dedicated to creating accessible tools that integrate traditional financial assets onto blockchain platforms compliantly. Notably, it developed TradeStrike, an intuitive wallet and trading platform tailored specifically for Web3 applications.

CMC Markets’ enhanced involvement with StrikeX reflects a broader industry trend of traditional financial institutions increasingly adopting blockchain and tokenisation technologies.

Earlier this year, in January, CMC Markets reassured stakeholders that the company was well-positioned to meet its forecasted annual net operating income targets. Additionally, the firm reaffirmed its anticipated costs guidance at approximately £225 million, excluding variable remuneration and one-off charges.

CMC Markets has scheduled the publication of its full financial results for fiscal year 2025 on June 5, 2025. Despite market anticipation of an upward revision, the firm maintained its previous financial projections, aligning closely with market forecasts.