SMX Secures $5.5M to Strengthen ASEAN Presence Amidst PET Market Challenges

SMX PLC (Security Matters) has announced a $5.5 million funding round from institutional investors. This financial injection aims to bolster its position in the ASEAN region, at a time when sustainability in the global plastics economy faces challenges. The €600/tonne cost difference between recycled and virgin PET is leading many brands to abandon sustainability commitments.

SMX's recent partnerships with Aegis Packaging and Skypac Packaging in ASEAN highlight its strategic expansion. These alliances embed molecular traceability and blockchain technology into regional supply chains, turning packaging materials into digital, traceable assets. This development comes as ASEAN countries enforce stricter ESG regulations, providing a fertile ground for SMX's sustainable tech solutions.

The investment will accelerate the deployment of SMX's technologies in ASEAN, enhancing packaging traceability and creating financial incentives for increased recycled content usage. SMX is positioning itself as a crucial component of sustainable manufacturing infrastructure, starting in ASEAN and widening globally.