Security Matters

Company Overview

Snapshot

Founded in January 2015 by Haggai Alon, Security Matters operates with 11–50 employees. The company has raised a total of $8.21M across four funding rounds. Security Matters went public on NASDAQ in July 2022 and on ASX in February 2023, demonstrating significant market validation for its blockchain-based traceability solutions.

Business overview

Security Matters (SMX) develops a unique blockchain-based platform for comprehensive tracking and tracing of physical objects. The company utilizes distinct chemical barcodes to assign a digital identity to each item, enabling end-to-end lifecycle tracking. This technology enhances supply chain management, promotes sustainability, and combats counterfeiting by tracing raw materials from origin through manufacturing, distribution, retail, and end-of-life stages. SMX primarily serves industries focused on circular economy initiatives, particularly in fashion sustainability and plastics recycling, by ensuring supply chain transparency and verifiable material provenance.

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 role in establishing a global benchmark for plastics recycling and circularity, signaling strong strategic validation and potential for widespread adoption of its molecular tagging and blockchain technology in critical sustainability initiatives.

Company Intelligence Q&A

What is Security Matters' core technology?

Security Matters utilizes a blockchain-based platform combined with distinct chemical barcodes to create a digital identity for physical objects, enabling comprehensive tracking and tracing throughout their lifecycle.

When did Security Matters go public on NASDAQ?

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

What is the significance of the partnership with Singapore's A*STAR?

In September 2025, Security Matters partnered with Singapore's A*STAR to launch the world's first Plastic Passport Program. This initiative aims to establish a global blueprint for plastics recycling and transform plastic waste into a new asset class, redefining market trust through verifiable proof.

How does Security Matters contribute to the circular economy?

Security Matters enables a move toward the circular economy by providing technology to invisibly mark, trace, and store data on raw materials at a molecular level. This allows for complete lifecycle tracking, improved recycling rates through efficient sorting, and the management of virgin versus recycled material balance, particularly in textiles and plastics.

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

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