Q1: Why is this investment and partnership important?
There is little doubt that blockchain technology such as the tokenisation and self-custody of real-world assets can revolutionise the financial industry, what is evidently clear, now more than ever, is that much more must be done by blockchain firms to ensure their growth and innovation is not derailed by inexperience and ignorance of regulatory frameworks.
The investment and partnership of CMC Markets into StrikeX technologies represents a great leap forward for Web3, the benefits of traditional regulated trading firms stepping in to the blockchain space are multi-faceted. Bringing with them expertise in regulatory compliance, credibility and trust, valuable knowledge, and experience. This partnership
serves as a promising pathway for healthy growth and innovation not only for StrikeX
Technologies but for the wider industry.
Q2. Why CMC Markets?
CMC Markets Plc, whose shares are listed on the London Stock Exchange under the ticker
CMCX , was established in 1989 and is now one of the world’s leading online financial trading businesses. The Group serves retail and institutional clients through regulated offices and branches in 12 countries, with a significant presence in the UK, Australia, Germany, and Singapore. CMC offers an award-winning, online, and mobile trading platform, enabling clients to trade up to 10,000 financial instruments across shares, indices, foreign currencies, commodities, and treasuries through contracts for difference (“CFDs”), financial spread bets (in the UK and Ireland only) and, in Australia, access stockbroking services.
Given the rapid pace of change and increasing adoption of blockchain technologies in the financial services sector, our partnership and investment from CMC Markets provide us with access to highly coveted expertise and market experience. This collaboration not only validates our long-term strategy but also accelerates our development roadmap, opening up possibilities for new innovative technologies and services.
This milestone is significant for both companies and the digital asset industry as a whole. By combining StrikeX’s expertise in tokenisation and self-custody technologies with CMC Markets’ extensive financial services experience, we are now in a strong position to revolutionise the way individuals and businesses invest in digital assets.
Q3. What is the nature of the investment?
CMC Markets has acquired a 33% stake in StrikeX Technologies, with two CMC members being welcomed onto the StrikeX Technologies board, bringing with them their wealth of expertise and experience to contribute to the growth and ongoing success of the StrikeX business.
Q4. Are there plans to merge StrikeX with CMC?
No, this is not a merger deal. StrikeX Technologies will remain an independent company, with CMC owning a 33% equity stake.
Q5. How are CMC Markets’ products complimentary to StrikeX Technologies (what are the future plans)?
By combining StrikeX’s expertise in tokenisation and self-custody technologies with CMC
Markets’ extensive experience in financial services, both companies are now well-positioned
to transform the way people and businesses invest in digital assets.