Core Viewpoint - The article discusses the long-standing belief of central banks regarding their gold reserves, suggesting that this belief may be based on an illusion that has persisted for a century [1] Group 1 - Central banks have operated under the assumption that they accurately know the amount of gold they hold [1]

Core Insights - SMX has developed a unique infrastructure focused on molecular identity for plastics, a concept that is often discussed but rarely implemented by companies [1] Company Summary - SMX (NASDAQ:SMX) has been working on its infrastructure for over a year, indicating a long-term commitment to innovation in the plastics industry [1]

Core Insights - The article emphasizes that despite years of discussions around circularity, ESG integrity, and supply-chain transparency, no industry has established the necessary verification infrastructure to achieve these goals [1] Industry Overview - The current state of the industry reveals a significant gap in the verification infrastructure required to support initiatives related to circularity and ESG [1]

Core Insights - The article discusses how each market cycle introduces new asset categories that seem inevitable in hindsight, often driven by technological advancements [1] Group 1 - The emergence of new asset categories is a recurring theme in market cycles [1] - Technological leaps are frequently the catalyst for these new asset classes [1]

Core Insights - SMX has transitioned from a lesser-known entity to a significant topic in investor discussions, particularly due to its Plastic Cycle Token (PCT) which is recognized as a foundational element for a new category of real-world assets based on verifiable data rather than estimates [1][2] Group 1: Technology and Innovation - SMX addresses longstanding issues in the sustainability sector, such as unreliable data and vague audit trails, by implementing a molecular identity system that allows materials to carry their own history, thus transforming sustainability into a verifiable asset [2][4] - The PCT is not merely a token but a ledger of truth that parallels industrial activity, allowing for the tracking and valuation of verified recovery events [5][9] Group 2: Market Dynamics - The rising interest in the PCT stems from its ability to change how businesses perceive compliance and how markets assess value, shifting sustainability from an expense to a performance category linked to verifiable outputs [6][8] - Investors are increasingly recognizing that SMX has built a robust infrastructure rather than merely creating hype, as the clarity of the PCT framework has attracted attention without dramatic marketing efforts [7][9] Group 3: Economic Implications - The PCT is seen as a new economic layer that integrates industry, data, and digital value, moving the conversation from ideology to economics, which is appealing to both traditional markets and the crypto sector [6][9] - SMX's technology is appreciated for unlocking efficiency, providing trustworthy verification for regulators and brands, and offering digital assets that are backed by real-world activities [8]

Core Insights - The article emphasizes the transformative potential of technology through the concept of identifying, indexing, and retrieving every element within a system with certainty [1] Group 1 - The idea presented suggests that major technological transformations start from a simple yet profound question regarding system identification and retrieval [1]

As filed with the Securities and Exchange Commission on December 15, 2025 Registration Statement No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SMX (Security Matters) Public Limited Company (Exact name of registrant as specified in its charter) (State or other jurisdiction of (Primary Standard Industrial Ireland 3590 N/A (I.R.S. Employer Identification Number) +353-1-920-1000 Mespil Business Centre, Mespil Hou ...

Group 1 - The article discusses the evolving nature of certainty in markets, highlighting that it was previously static and primarily verified through audits and compliance documents [1] - It emphasizes that markets have historically rewarded certainty, indicating a shift in how certainty is perceived and valued [1]

NEW YORK, NY / ACCESS Newswire / December 15, 2025 / For decades, global markets optimized for speed, scale, and efficiency. Supply chains stretched across continents. ...

Core Viewpoint - The global financial system has relied on a long-standing assumption that central banks have accurate knowledge of their vault contents [1] Group 1 - Central banks have historically operated under the belief that they possess a clear understanding of the assets held in their reserves [1]