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Investing.com -- SMX Security Matters (NASDAQ:SMX) stock surged 23.5% following the company’s announcement that it will offer its Global Plastics Passport technology for free licensing to facilitate a UN Plastics Treaty.
The molecular marking technology company is positioning its solution as a comprehensive answer to global plastic circularity challenges, moving beyond what it describes as ineffective pilot programs and frameworks. SMX’s technology embeds invisible molecular markers into various plastic materials, linking them to digital records that enable tracking, verification, and monetization of all polymer types.
Singapore and ASEAN nations have already adopted SMX’s Global Plastics Passport technology, implementing it as part of their operational and economic priorities for plastic circularity. This regional adoption demonstrates practical application of the system beyond conceptual frameworks.
The company’s solution addresses a broader range of plastics than many existing initiatives, which often focus primarily on packaging materials like PET and rPET. SMX’s technology can track food-grade polymers, construction resins, automotive plastics, electronics polymers, and textiles.
A key component of SMX’s offering is its Plastic Cycle Token (PCT), which converts verified plastics into tradable digital assets, potentially transforming compliance costs into commodity value. This approach aims to create financial incentives throughout the plastics value chain.
The announcement comes as UN Plastics Treaty negotiations have repeatedly stalled over disagreements regarding production caps, recycling rates, and regulatory approaches. SMX suggests its technology could help bridge these divides by providing verifiable data on plastic usage and recycling across industries.
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