Overview
- SMX stock surged Monday after the company introduced a platform that ties physical materials to blockchain records through a persistent digital passport.
- The system records a material’s origin, makeup, custody trail, use, and compliance status, which could help manufacturers and recyclers prove recycled content and pass audits.
- Access runs first to existing customers through April, with new bookings for plastics, metals, and advanced materials slated to open May 4.
- The rollout includes tools to tokenize verified material flows, including proposed Plastic Cycle Tokens for trading and recovery markets.
- Analysts pointed to a tight share float and low trading volume as likely reasons the percentage gain ballooned on the news.