Abaxx to Launch Singapore Gold Kilobar Futures and Physically-Allocated Gold Pool on June 12, 2025

Core Viewpoint - Abaxx Technologies Inc. is expanding its product offerings by launching Gold kilobar futures on June 12, 2025, aimed at enhancing the physical bullion trade in Asia [1][2]. Product Launch - The Gold futures are specifically designed for Asia's physical bullion market, utilizing the kilobar format to improve pricing accuracy and align futures settlement with physical market practices [2][3]. - The contract will be US dollar-denominated, kilobar-sized, and physically deliverable, with delivery into approved vaults in Singapore [2]. Market Infrastructure - The introduction of these futures contracts addresses existing structural mismatches in the gold market, facilitating better pricing and risk management [3]. - Abaxx is also launching Abaxx Spot, a new trading platform for physically-allocated gold, which will enhance market access and transparency [4][5]. Regulatory Compliance - Abaxx Spot Pte. Ltd. operates under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019, exempt from holding a spot commodities broker license [6]. Company Overview - Abaxx Technologies aims to create smarter markets through improved tools and technology, addressing significant societal challenges, including the energy transition [7][9]. - The company is the indirect majority shareholder of Abaxx Singapore Pte. Ltd., which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot [8].