CMC Markets Deepens Digital Asset Push With StrikeX Tokenisation Partnership
CMC Markets’ private markets division CapX has partnered with blockchain firm StrikeX to bring private market investments on-chain, marking the latest step in the financial group’s expansion into tokenised assets and digital finance.
CMC Markets has expanded its ambitions in digital finance through a new partnership between its private markets division, CapX, and blockchain infrastructure company StrikeX aimed at tokenising private market investments.
The agreement will allow CapX to use StrikeX’s tokenisation technology to issue blockchain-based representations of private assets, including access to selected pre-IPO investment opportunities, the companies said on Tuesday.
The move reflects growing interest among traditional financial institutions in tokenised real-world assets, a market many analysts believe could reshape how private securities are issued, traded and settled over the coming decade.
CapX currently offers investors access to unlisted investment opportunities and capital raisings linked to high-profile companies including SpaceX and Klarna. Under the partnership, selected offerings could now be distributed using blockchain infrastructure developed by StrikeX.
“This partnership sets a new standard as we continue expanding our tokenisation capabilities across both private and public financial assets,” said Joe Jowett, chief executive of StrikeX.
The announcement follows CMC Markets’ decision earlier this year to increase its stake in StrikeX to a majority holding, underscoring the group’s commitment to blockchain-based financial infrastructure.
Peter Cruddas described the partnership as “a pivotal step” towards improving access and liquidity in private investments through tokenisation technology.
Industry executives say tokenisation could eventually allow traditionally illiquid assets to trade more efficiently and potentially on a 24-hour basis. CMC Markets and StrikeX have already completed a pilot tokenised share transaction in the UK, demonstrating how distributed ledger technology could operate within existing regulatory frameworks.
