CMC Markets acquires majority stake in StrikeX to drive digital asset innovation
CMC Markets now holds 51 percent of StrikeX
CMC Markets, a leading retail forex broker, has announced a strategic move into digital assets by increasing its stake in StrikeX Technologies Ltd. to 51%.
This deal strengthens the long-standing partnership between the two companies and marks a new era in the development of blockchain solutions and tokenized assets, according to a statement on the StrikeX website.
Previously, CMC Markets held a 33% share in StrikeX, but the new agreement elevates it to a controlling investor. As part of the deal, CMC also increased its holdings of STRX tokens from 10 million to 15 million, reflecting the financial giant’s confidence in StrikeX’s long-term potential.
Strengthening strategic position
StrikeX CEO Joe Jowett noted that the agreement provides access to institutional expertise, regulatory infrastructure, and the resources needed to scale the company’s products. This will accelerate the development of new solutions for both retail and institutional markets.
According to CMC Markets founder and CEO Lord Peter Cruddas, the deal is a key step in the company’s ambition to become a leader in the digital finance space. He emphasized CMC’s commitment to building a next-generation regulated platform for tokenized assets and Web3 solutions.
Future stability with no sudden changes
As part of the integration, both companies agreed to maintain the existing StrikeX leadership team. Day-to-day operations will also remain unchanged but will benefit from closer collaboration with CMC Markets.
Special attention is being paid to the STRX token. Its tokenomics and distribution model will remain intact, while CMC Markets’ increased stake is seen as a positive signal for all holders. The buyback and burn strategy will also continue as planned.
New products in the pipeline
The merger will enable StrikeX to expand its current product lineup and accelerate the launch of new offerings tailored to meet the demands of regulated markets. More information on upcoming products will be revealed soon.
As a reminder, CMC Markets obtained a regulatory license to operate in Bermuda at the end of 2024.
