SMX opens Kraken account as part of treasury strategy

SMX (Security Matters) PLC (NASDAQ: SMX) announced it has opened a corporate account with Kraken as part of a treasury strategy authorized by its Board of Directors.

The molecular-marker technology company said the account opening represents an operational step supporting its broader treasury framework, which is being developed to align capital management with the company's technology and verification roadmap.

SMX selected Kraken for its institutional-grade platform features, including operational controls, secure custody, and compliance standards. The company described the engagement as infrastructure-oriented rather than transactional, intended to support future accounting and settlement mechanisms tied to verified activity.

The treasury strategy is being designed to support systems that connect verified physical activity to digitally represented value. SMX's technology enables identification, tracking, and lifecycle verification of physical substances across global supply chains.

A component of SMX's roadmap includes the Plastic Cycle Token (PCT), described as a virtual credit framework designed to represent verified recycled plastic activity. The company stated PCT is intended to function as a digitally represented unit linked to measured outcomes based on its material verification capabilities.

SMX said it believes credible circular economy systems require verifiable data before value can be assigned. The PCT framework is designed to link digital credits directly to authenticated physical material flows rather than estimates or abstract reporting.

The company is preparing treasury and accounting infrastructure to handle digitally represented value units alongside ongoing development of verification technology and partner engagement. SMX stated that treasury-related initiatives are intended to support its mission of advancing material traceability and authentication across global supply chains.

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