SMX Forms Treasury Subsidiary Following GENIUS Act

SMX (Security Matters) is establishing a new subsidiary, SMX (Treasury and Digital Asset Holding Company) Limited, in Ireland. This strategic move follows the introduction of the GENIUS Act in the U.S., which recognizes cryptocurrency and stablecoins within a comprehensive framework. SMX, known for enhancing traceability and transparency in global supply chains, will integrate digital assets with its treasury operations. This development is not a response to the new legislation but aligns with the company's long-term strategy.

The GENIUS Act is significant as it provides a legal environment to scale SMX's blockchain-based solutions. The company has already launched technologies like the Plastic Cycle Token (PCT) to track materials securely. These innovations aim to monetize circularity for brands and ensure compliance through decentralized systems. The recent legislative changes accelerate SMX's vision in digital assets, positioning the company at the forefront of digital economies.