CMC Markets Partners with StrikeX to Launch Tokenised Assets in 2025

The financial markets are on the brink of transformation, with tokenisation emerging as one of the most disruptive trends of 2025. Tokenisation allows real-world assets—such as private equity, real estate, and even pre-IPO shares—to be represented on blockchain, opening new opportunities for accessibility, efficiency, and liquidity.

In this context, CMC Markets, one of the UK’s leading FTSE-250 brokers, has taken a decisive step by deepening its partnership with StrikeX, a blockchain technology firm specialising in tokenisation and self-custody solutions. After securing a 51% controlling stake in StrikeX, CMC announced plans to launch its first tokenised asset products in 2025 through its capital-markets division, CMC CapX.

This move positions CMC as one of the first mainstream brokers to integrate regulated tokenised assets into its offering, signalling a shift in how traditional finance and blockchain will converge in the years ahead.

London, UK — 2025: FTSE-250 broker CMC Markets is moving decisively into real-world asset (RWA) tokenisation through a deepening partnership with UK blockchain firm StrikeX. The exchange-traded and retail trading giant has signalled that its capital-markets arm, CMC CapX, will soon roll out tokenised assets powered by StrikeX’s infrastructure—an initiative the company has been teeing up across recent corporate updates and deal announcements.

The partnership at a glance

CMC Markets first invested in StrikeX in 2023, laying the groundwork for closer collaboration on tokenisation and self-custody tooling. In May 2025, CMC increased its holding to a 51% controlling stake in StrikeX, bringing the startup’s tokenisation engine and blockchain expertise firmly in-house. Management framed the move as a cornerstone of CMC’s digital-asset strategy, aimed at accelerating product development and bringing regulated tokenised offerings to market.

Just weeks later, CMC CapX—the group’s private-markets division—announced a strategic asset-tokenisation partnership with StrikeX. CapX plans to leverage StrikeX’s technology to bring select private-market opportunities on-chain, opening the door to blockchain-native instruments with real economic exposure.

In July 2025, sector trade press reported that CMC had hinted at an upcoming tokenised-assets launch under CapX, explicitly citing the firm’s StrikeX partnership as the underlying technology stack.

What CMC says it will launch—and why it matters

CMC’s annual results (June 5, 2025) cast tokenisation as a strategic pillar. The company described its controlling interest in StrikeX as bringing “native blockchain talent” into the group and highlighted StrikeX’s strengths in tokenisation, DeFi wallet custody, and digital-asset execution. In plain terms: CMC wants to blend its regulated market footprint with StrikeX’s on-chain rails to deliver investable tokenised instruments to its global client base.

At a product level, CMC CapX focuses on hard-to-access private-market deals—pre-IPO and late-stage growth names often reserved for institutions and ultra-high-net-worth investors. Tokenising allocations in those deals could lower minimums, simplify distribution, and enable 24/7 secondary liquidity—if structured within regulatory guardrails. The CapX-StrikeX announcement explicitly positions StrikeX’s tokenisation engine as the means to bring private-market opportunities on-chain, positioning CMC to be a mainstream gateway to RWAs.

The broader tokenisation wave

The CMC–StrikeX plan arrives amid a broader RWA push by brokers and fintechs. Reports in July noted that CMC’s teaser followed other platforms announcing stock tokenisation initiatives, reflecting competitive pressure to add blockchain-native access to traditional assets. For CMC, the combination of a regulated securities footprint with purpose-built tokenisation tech is a differentiator: it can plug on-chain products into established client on-boarding, compliance, and distribution channels rather than building from scratch.

StrikeX has also telegraphed that Phase 1 of its tokenisation roadmap with CMC will involve a live production deployment of tokenised assets—“not a pilot”—with real market exposure. That framing suggests the first listings will be more than beta experiments, although neither firm has publicly detailed the initial asset list or exact go-live date.

How the stack could work (and what investors should expect)

While technical specifics are still emerging, public statements point to a few likely components:

1. Tokenisation engine: StrikeX provides smart-contract infrastructure for issuing and managing tokenised units that correspond to economic interests in an underlying asset or vehicle (e.g., a feeder fund or SPV linked to a private-market allocation).

2. Custody & wallets: StrikeX’s DeFi wallet know-how and CMC’s brokerage custody processes need to dovetail so that clients can hold tokenised positions in a compliant, user-friendly way—potentially via segregated custody with whitelisted wallets.

3. Compliance & investor eligibility: Because private-market deals entail suitability checks, transfer restrictions, and jurisdiction-specific rules, expect KYC/AML and eligibility gating to be built into the token lifecycle (e.g., permissioned transferability, lockups). (Inference based on industry norms.)

4. Secondary liquidity: The promise of tokenisation includes more flexible secondary trading, but liquidity will depend on market-maker participation and regulatory permissions. CMC’s existing trading venues and client network could help seed early two-sided markets. (Inference based on CMC’s platform reach.)

Strategic rationale for CMC Markets

Diversification of revenue. Tokenised instruments can add new listing and distribution fees, primary allocation revenues, and trading spreads—less correlated with traditional CFD and spread-betting volumes.
Client retention & acquisition. Offering access to pre-IPO and private growth names can deepen wallet share among sophisticated retail and professional clients who want earlier-stage exposure.
Control of critical IP. By lifting its StrikeX stake to 51%, CMC gains control over the product roadmap and can align tokenisation features with regulatory obligations and brand standards.
Time to market. Rather than building blockchain infrastructure from zero, CMC is effectively buying speed through StrikeX’s existing stack and team. Company filings explicitly describe bringing blockchain talent in-house to accelerate delivery.

Why StrikeX benefits

For StrikeX, CMC’s capital, distribution, and regulatory muscle are catalytic. The startup gains:

• A scaled route to market across CMC’s global client base.
• Institutional credibility from a FTSE-250 backer and majority owner.
• Real-world product fit, delivering tokenisation where demand already exists (CapX’s private-market pipeline).

In May 2025, StrikeX and CMC described the new phase as enabling institutional-grade, regulated access to tokenised assets, underscoring that the ambition is mainstream finance rather than purely crypto-native channels.

What assets might be first?

Neither party has confirmed the exact product slate. However, CapX’s public positioning references access to sought-after pre-IPO opportunities in global brands (examples cited historically include SpaceX, Klarna, and GoTo—names typical of late-stage secondaries). Tokenising allocations in similar deals is a logical early target because demand is already established, and structures via SPVs or feeder funds are familiar to regulators.

Beyond private-market equity, tokenised yield products (e.g., short-duration credit, treasuries) and real-asset exposure (infrastructure, real estate) are common first steps for RWAs. StrikeX’s “Phase 1 live deployment” framing indicates the initial set will be production-grade with real exposure, not synthetic demos.

Regulatory picture: promise with guardrails

The UK Financial Conduct Authority (FCA) has encouraged innovation while emphasising consumer protection and market integrity. For tokenised securities and private-market interests, the key issues are offering rules, transferability, disclosures, custody, and secondary trading permissions. CMC’s advantage is its existing regulatory footprint and infrastructure for onboarding and suitability checks. The firm’s filings and press materials consistently place tokenisation within a regulated context, not a crypto-only perimeter. (Synthesis of filings and public materials.)

Investors should still expect jurisdiction-specific access (professional vs. retail), restricted transfers, and eligibility gating. Where retail access is possible, it may be via packaged products designed to meet disclosure and risk-label requirements.

Competitive landscape and timing

CMC’s hints of an imminent launch come as brokers and exchanges experiment with stock and RWA tokenisation. Recent coverage noted that CMC’s teaser followed announcements from Robinhood and several crypto exchanges exploring tokenised equities, a sign that mainstream brokers see competitive value in on-chain wrappers. The difference is that CapX’s focus on private-market exposure could give CMC a niche where tokenisation solves a real access and liquidity problem, not just a new wrapper on already-liquid listed shares.

StrikeX, for its part, has steadily built credibility through enterprise partnerships and tokenised capital-raising experiments (including a 2024 collaboration with Securitize), which likely hardened its issuance and compliance tooling ahead of CMC’s go-to-market.

When? Neither CMC nor StrikeX has publicly given a day-and-date release, but the July reporting (“hints at the upcoming launch”) and StrikeX’s “Phase 1 live deployment” language suggest a 2025 rollout under the CapX banner. Expect a staged introduction, starting with a small set of assets and controlled distribution cohorts.

Risks and open questions

• Liquidity: Tokenisation does not guarantee deep secondary markets. Early products might rely on designated market makers until organic two-sided flow develops. (Industry inference.)
• Valuation cadence: Private-market instruments priced quarterly (or even ad-hoc) could see step-wise rather than continuous mark-to-market moves on-chain. (Industry inference.)
• Operational complexity: Bridging brokerage systems with blockchain rails involves new reconciliation, key management, and incident-response playbooks. CMC’s ownership of StrikeX helps, but execution matters.
• Regulatory fragmentation: Cross-border access may be uneven, especially for retail investors. Some jurisdictions could limit distribution to professionals or require local wrappers. (Industry inference.)

The bottom line

CMC Markets’ majority acquisition of StrikeX and the formal CapX tokenisation partnership point to a near-term launch of tokenised assets in 2025. By marrying CMC’s regulated distribution and client base with StrikeX’s on-chain issuance and wallet expertise, the group is positioning itself to mainstream RWAs—starting with private-market allocations where tokenisation can tangibly widen access and improve settlement efficiency.

If execution matches the ambition, CMC could become one of the first FTSE-listed brokers to commercialise tokenised private-market products at scale, setting a template for how traditional finance integrates blockchain while staying inside regulatory lines. For investors, the prize is cleaner access to sought-after deals—balanced by the usual caveats about liquidity, disclosure, and eligibility that come with private markets.

Key milestones so far:

• June 2023: CMC takes initial 33% stake in StrikeX.
• May 7, 2025: Stake increased to 51% (majority control); tokens holdings increased; strategy reiterated.
• May 20, 2025: CapX–StrikeX tokenisation partnership announced to bring private-market opportunities on-chain.
• June 5, 2025: Annual results emphasise tokenisation and the StrikeX acquisition as a strategic pillar.
• July 2025: Trade press reports CMC hinting at an imminent tokenised-asset launch under CapX, leveraging the StrikeX partnership.

About CMC Markets and StrikeX

CMC Markets (LON: CMCX) is a London-based, FCA-regulated broker offering CFDs, spread betting, and investment services across asset classes. The company has expanded into capital-markets services via CMC CapX, focusing on private-market access for professional and eligible investors. (General background consolidated from public corporate materials.)

StrikeX is a UK blockchain technology firm specialising in asset tokenisation, wallet custody, and digital-asset execution tools. It partners with financial institutions to bring regulated, production-grade tokenised products to market and now operates with CMC as majority owner.

FAQ – CMC Markets & StrikeX Tokenised Assets (2025)

Q1: What is the partnership between CMC Markets and StrikeX?
CMC Markets acquired a 51% controlling stake in StrikeX in May 2025 and partnered with the blockchain firm to roll out tokenised assets under its capital-markets division, CMC CapX.

Q2: What are tokenised assets?
Tokenised assets are digital representations of real-world financial instruments (like private equity, real estate, or credit) issued on blockchain, allowing fractional ownership, faster settlement, and potentially broader access.

Q3: When will CMC Markets launch tokenised assets?
CMC has hinted at an imminent launch in 2025. While no specific date has been announced, StrikeX described the rollout as a live production deployment, not just a pilot.

Q4: What kind of assets will be tokenised first?
While details are pending, CMC CapX specialises in private-market allocations (such as pre-IPO companies and late-stage growth equity). These are likely early candidates for tokenisation.

Q5: Who will be able to invest in CMC’s tokenised assets?
Access may vary by jurisdiction. Initially, professional and eligible investors are most likely to participate due to regulatory requirements. Broader retail access could come later through packaged or regulated structures.

Q6: Is this launch regulated?
Yes, CMC emphasises that tokenisation will operate within existing regulatory frameworks. The company’s FCA-regulated status provides a compliant structure for onboarding and suitability checks.

Q7: Why is CMC Markets entering tokenisation now?
CMC aims to diversify revenue, offer new investment opportunities, and remain competitive as global brokers explore blockchain. Owning StrikeX gives CMC in-house blockchain expertise to accelerate product delivery.

Q8: How is StrikeX benefiting from this partnership?
StrikeX gains institutional scale, credibility, and distribution via CMC’s client network. It positions the blockchain firm as the technology backbone for a FTSE-250 broker’s tokenisation strategy.

Q9: What are the risks for investors?
Risks include limited liquidity, potential valuation lags in private-market assets, and jurisdiction-specific restrictions. While blockchain improves efficiency, tokenisation doesn’t remove the underlying risks of private markets.

Q10: How is this different from other brokers’ tokenisation plans?
While some competitors focus on tokenised stocks or crypto-linked assets, CMC is targeting private-market opportunities where tokenisation solves real access and settlement issues.

Conclusion

The partnership between CMC Markets and StrikeX represents a major step in bringing real-world asset tokenisation into mainstream finance. By combining CMC’s regulated infrastructure and global client base with StrikeX’s blockchain technology, the group is poised to offer secure, compliant, and accessible tokenised investment products in 2025.

While details about the initial asset lineup and rollout date remain under wraps, CMC has made it clear that this will not be a pilot but a live market launch, starting with private-market opportunities traditionally reserved for institutions. If successful, it could democratise access, improve liquidity, and set a benchmark for how traditional brokers embrace blockchain without leaving the safety of regulatory frameworks.

As competitors race to explore tokenisation, CMC Markets’ early move—backed by full control of StrikeX—positions it as a potential leader in this fast-emerging space. For investors, the launch could mark the beginning of a new era of hybrid finance, where regulated brokers and blockchain innovation converge to reshape how assets are owned and traded.