REG - CMC Markets Plc - Investment in StrikeX Technologies

CMC MarketsAnnouncement

09/06/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230609:nRSI1808Ca&default-theme=true

RNS Number : 1808C  CMC Markets Plc  09 June 2023

9th June 2023

CMC Markets Plc

 

Strategic Investment in StrikeX Technologies Ltd.

 

CMC Markets Plc ("CMC Markets" or the "Group"), a leading global provider of
online retail ("D2C") and institutional ("B2B") platform technology, today
announces an investment in StrikeX Technologies Ltd.

 

CMC Markets invests in blockchain solutions company,  StrikeX
Technologies Ltd.

 

CMC Markets has acquired a 33% stake in StrikeX Technologies (StrikeX
(https://strikex.com/) ), a customer centric blockchain solutions business.
This is a significant milestone for both companies and the digital asset
industry, combining StrikeX's expertise in tokenisation and self-custody
technologies with CMC Markets' extensive experience in financial services.
This arm's length investment presents CMC Markets with further opportunity for
growth. The partnership will allow CMC Markets access to the latest blockchain
related products and services with the opportunity to leverage these for our
customers over the longer term.

 

Lord Cruddas, Chief Executive Officer, commented:

 

"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 it's finger on the pulse of fast moving technologies.
 We are all very excited about working together as we continue to diversify
our business with the latest technology, products and wallet settlement."

 

StrikeX Chief Executive Officer and Co-Founder, Joe Jowett, commented:

 

"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. We strive to pioneer the delivery of
traditional financial instruments, such as equities, commodities, and bonds to
the blockchain, whilst guaranteeing security, compliance, and ease of access
via intuitive, secure, and user-friendly products. We are excited to see all
we can achieve with our new partners and look forward to sharing more updates
as we continue to grow and innovate."

 

Enquiries

CMC Markets Plc

James Cartwright, Chief Operating Officer
 
investor.relations@cmcmarkets.com (mailto:investor.relations@cmcmarkets.com)

Euan Marshall, Chief Financial Officer

 

Camarco
+44 (0) 20 3757 4994

Geoffrey Pelham-Lane

Jennifer Renwick

 

Notes to Editors

 

CMC Markets Plc ("CMC"), whose shares are listed on the London Stock Exchange
under the ticker CMCX (LEI: 213800VB75KAZBFH5U07), 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 and UK, access stockbroking services. More
information is available at http://www.cmcmarkets.com/group/
(http://www.cmcmarkets.com/group/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFPMBTMTBMTIJ