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.”