London Stock Exchange-listed firm CMC Markets announced today that it had acquired a one-third stake in blockchain startup StrikeX. CMC is best known for its mobile trading platform that offers contracts for difference (CFDs) and spread betting. CFDs are available on a variety of assets, including FX, stocks, and cryptocurrencies. While CMC’s offerings are focused on retail, its solutions are popular with people who work in investment banking.

StrikeX developed TradeStrike, which has a mobile wallet and trading platform.

At first, the alliance seemed like a tie-in for cryptocurrencies, but StrikeX’s comments imply that the focus is more on digital securities.

“We strive to pioneer the delivery of traditional financial instruments such as stocks, commodities, and bonds to the blockchain, while ensuring security, compliance, and ease of access through intuitive, secure, and easy to use,” said Joe Jowett, StrikeX. CEO and Co-Founder.

Just yesterday UK asset manager abrdn announced that it had tokenized part of a money market fund into Hedera DLT.

“This is a significant strategic investment in the growing Web 3.0 technology space where StrikeX Technologies gives us access to the best technology and advancements,” said Lord Cruddas, Founder and CEO of CMC.

CMC Market shares are down 3.7% from last night’s close at 170.20.