Security Matters

Company Overview

Snapshot

Founded in January 2015 by Haggai Alon, Security Matters operates with 11–50 employees. The company has raised $8.21M across four funding rounds from Psagot Investment House. Security Matters went public on NASDAQ in July 2022 and on ASX in February 2023.

Business overview

SMX (Security Matters) develops a blockchain-based platform that provides comprehensive tracking and tracing solutions for physical objects. The company utilizes distinct chemical barcodes to create a digital identity for each object, enabling full lifecycle tracking. These digital identities enhance supply chain management, promote sustainability, and reduce counterfeiting. By tracing and verifying raw materials from their origin through manufacturing, distribution, retail, and end-of-life stages, SMX ensures complete supply chain transparency, fostering measurable sustainable circularity. The company primarily serves industries focused on industrial technologies, material innovations, and applications, with a strong emphasis on the circular economy and climate tech.

Strategic signal

In September 2025, SMX announced a significant partnership with Singapore's A*STAR to launch the world's first Plastic Passport Program, aiming to redefine the ASEAN plastics market. This collaboration highlights SMX's embedded technology as a key driver for building consumer trust through verifiable proof at the checkout and establishes a global benchmark for plastics recycling. The initiative signals a major step towards a circular economy by transforming plastic waste into a new asset class and providing a common language for a global plastics passport, demonstrating the company's strategic validation in addressing critical sustainability challenges.

Company Intelligence Q&A

What is the core technology behind Security Matters' solutions?

Security Matters utilizes distinct chemical barcodes to generate a digital identity for physical objects, which is then recorded on a blockchain-based platform for comprehensive lifecycle tracking and traceability.

When did Security Matters go public on NASDAQ?

Security Matters went public on NASDAQ in July 2022 through a SPAC deal with Lionheart III Corp.

What is the 'Plastic Passport Program' launched by SMX?

In September 2025, SMX and Singapore's A*STAR launched the world's first Plastic Passport Program, designed to enable molecular tagging and tracking of plastic waste to transform Singapore's plastic recycling efforts and establish a global benchmark for plastics recycling.

How does Security Matters contribute to the circular economy?

Security Matters enables the circular economy by providing technology to invisibly mark, trace, and store data on raw materials at a molecular level, facilitating efficient recycling processes and managing the balance between virgin and recycled materials, particularly in textiles and plastics.

What was a recent collaboration for Security Matters in the fashion industry?

In September 2025, SMX and CETI united to launch an industrial validation program aimed at driving circular economy principles and traceability in textiles and fabrics, addressing issues like fashion counterfeiting.