CMC Markets Tokenisation Plans Gain Momentum

CMC Markets Tokenisation Plans Gain Momentum as it leverages StrikeX partnership to digitise real-world investment assets. CMC Markets (LON: CMCX) has signalled plans to introduce tokenised assets through its capital markets division, CMC CapX. This development comes shortly after Robinhood and multiple crypto exchanges unveiled stock tokenisation offerings.

The UK-based broker said it intends to leverage its “partnership with StrikeX Technologies” to roll out the upcoming asset tokenisation features.

“We’re turning real-world investment opportunities (like shares in private companies) into digital tokens on the blockchain,” CMC CapX announced in a LinkedIn post.

CMC Markets Tokenisation Targets Private Equity

CMC CapX, launched in 2022, serves as CMC Markets’ dedicated capital markets platform. It facilitates access to capital raises like IPOs and secondary offerings and provides exposure to a wide array of unlisted investment opportunities.

These services complement CMC’s core contracts for differences (CFDs) business. The broker also caters to institutional clients with infrastructure and trading solutions. One such client is Revolut, which utilizes CMC Connect’s platform to provide CFD trading across three European markets.

Read more: Tokenised Stocks Are Here, but Do They Really Bring Added Value over CFDs?

CMC made its initial investment in StrikeX during mid-2023, marking its entry into the blockchain space. In May 2025, the firm raised its ownership stake from 33% to 51%, gaining a controlling interest and influence over StrikeX’s technology and product development.

Interestingly, the increased stake followed a £2.8 million write-down, initially classified as unrecoverable. Nevertheless, CMC reaffirmed its commitment to advancing StrikeX’s “strategic objectives.”

The latest move suggests the broker’s blockchain ventures are finally progressing into active development.

Tokenisation Momentum Builds Globally

Robinhood recently disclosed plans to introduce tokenised stock trading in Europe. The zero-commission trading app joins crypto platforms like Kraken, Gemini, and Bybit, which already support tokenised assets.

Coinbase, the Nasdaq-listed exchange, is also aiming to offer blockchain-based stock trading, although it’s awaiting clearance from the US Securities and Exchange Commission (SEC) for domestic operations.

Tokenised stocks promise various advantages, including 24/7 trading, quicker settlements, fractional ownership, and broader accessibility. They also enable investment in unlisted companies—Robinhood, for example, has tokenised shares of OpenAI and SpaceX.

Still, scepticism remains. Critics have questioned the underlying structure of these tokens.

“It’s a wrapper,” noted Anton Golub, Chief Business Officer at Dubai-based exchange Freedx, in a LinkedIn post. “It’s not real equity,” he added, comparing the tokens to derivatives and challenging the relevance of 24/7 access due to limited liquidity after standard market hours.

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