Security Matters looks to drive ahead in key market verticals with new capital raise
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The funding round comes at an important time as the company looks to convert major commercial opportunities across each of its key verticals.
With its first-mover advantage in the circular economy, Security Matters (ASX:SMX), a company focused on digitising physical objects on the blockchain to enable a circular and closed loop economy, is executing on its next round of growth with a new capital raise.
Announced to the market this week, participants in the raise will get direct exposure to SMX at what marks a particularly exciting time for the business, as it looks to develop a number of multi-year development partnerships into commercial opportunities.
With its extra funding, the company may look to deploy capital across its multi-channel development pathway, where it has a number of projects moving towards commercialisation.
Recent fieldwork showed SMX’s SMX’s digital twin technology can be used to mark products at the production stage and verify them at the waste collection stage – a key breakthrough in the global shift to a circular, closed loop economy.
The company is also advancing its strategic partnership with the Perth Mint – trueGold, the world’s first mine-to-marketplace ethical gold supply chain assurance product.
Other projects within SMX’s potential client pipeline include the next phase of its commercial deal with a Tier-1 global tyre company, and its leading role in the transition to sustainable production practices for the global fashion sector.
While it stays busy operationally, SMX also continues to execute on its broader strategic vision to implement world-leading product tracing technology across global supply chains.
And with its next capital raise, the company is positioning to remain well funded to convert those tech breakthroughs into long term commercial opportunities in the years ahead.
This article was developed in collaboration with Security Matters, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.