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, with Psagot Investment House participating in one. Security Matters became public on NASDAQ in July 2022 and on ASX in February 2023.

Business overview

Security Matters (SMX) develops a unique 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's technology is particularly relevant to the circular economy, addressing climate change by reducing raw material needs, with core applications in fashion sustainability and improving recycling rates through efficient sorting of marked blended fabrics.

Strategic signal

In September 2025, Security Matters announced a significant partnership with Singapore's A*STAR to launch the world's first Plastic Passport Program. This collaboration aims to establish a global blueprint for plastics recycling, redefine market trust through verifiable 'proof' of material origin and composition, and transform plastic waste into a new asset class. This initiative signals a major step forward in establishing industry standards for plastic circularity and combating counterfeiting, positioning SMX as a key enabler in global sustainability efforts and enhancing supply chain transparency.

Company Intelligence Q&A

What is Security Matters' primary focus in addressing climate change?

Security Matters enables a move toward the circular economy by reducing the need for raw materials. Its technology supports fashion sustainability by invisibly marking, tracing, and storing data on raw materials at a molecular level, from origin across the entire lifecycle, inscribed onto its blockchain platform.

When did Security Matters become a public company?

Security Matters became public on NASDAQ in July 2022 and subsequently on ASX in February 2023.

What was a significant partnership announced by Security Matters in September 2025?

In September 2025, Security Matters landed a partnership with Singapore's A*STAR to launch the world's first Plastic Passport Program, aiming to set a global blueprint for plastics recycling.

How does Security Matters' technology contribute to combating fake fashion?

In September 2025, CETI and Security Matters teamed up to launch an industrial validation program to drive circular economy and traceability in textiles and fabrics, specifically targeting the termination of fake fashion through verifiable proof.

What is the purpose of the 'Plastics Passport' initiative by Security Matters?

In September 2025, Security Matters' 'Plastics Passport' initiative, powered by its technology, aims to redefine market trust by making 'proof' a new currency, enabling transparent tracking of plastics and promoting a circular economy model.