SMX Unveils Solution to Detect Illicit Gold in Western Markets

The global gold market faces a hidden threat with illicit gold seamlessly integrated into Western supply chains. This poses a compliance risk as regulators may freeze or seize billions in gold inventory lacking provenance. Gold's marketability stems from its ability to disguise origins, making it a favored commodity for sanctioned regimes.

SMX (Security Matters) introduces a molecular identification technology to combat this issue. This innovative system embeds traceable markers in the metal, ensuring its origin remains identifiable despite processing or relabeling. Fueled by a $111.5 million equity agreement, SMX plans to expand this verification framework across critical markets.

The looming crackdown on illicit gold by regulators could alter market dynamics, creating two distinct categories: verified and unverified gold. As SMX leads this technological shift, the company underscores the importance of molecular-level gold verification in maintaining market integrity.