logo-loader

CMC Markets acquires stake in Web3 expert

Published: 07:24 09 Jun 2023 BST

CMC Markets

CMC Markets PLC (LSE:CMCX) acquired a 33% stake in StrikeX Technologies, a customer-centric blockchain solutions business and specialist in tokenisation and self-custody technologies.

Spread betting firm CMC said the acquisition gives it access to the latest blockchain-related products, which it will incorporate over the longer term.

Peter Cruddas, chief executive, said: "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."

Joe Jowett, StrikeX chief executive, added: "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.”

Tertiary Minerals MD on Zambia exploration upside as drilling begins at...

Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF, FRA:TMU) managing director Richard Belcher joined Proactive's Stephen Gunnion to discuss the company's largest drilling programme in Zambia to date and next steps at its Mushima North project. Belcher explained that the 4,000-metre campaign aims to...

11 minutes ago