Abaxx to Pilot Digital Title Framework for Tokenized-USD Money Market Funds, Targeting Legal Finality and Identity Gaps in Real-Time Collateral

Core Viewpoint - Abaxx Technologies Inc. has completed a pre-feasibility study on using tokenized money market funds (MMFs) as financial collateral, leveraging its proprietary technologies to enhance legal certainty and operational efficiency in regulated markets [1][2]. Group 1: Pilot and Feasibility Study - The company is advancing discussions for a second pilot transaction in Q4 2025, which will test the use of tokenized MMF shares as legally enforceable collateral [2]. - The planned pilot aims to demonstrate atomic settlement and establish legal finality for tokenized MMF shares compliant with SEC Rule 2a-7, targeting a stable value of $1.00 per unit [11][12]. Group 2: Technological Framework - Abaxx has developed a multi-layered market infrastructure that connects tokenized and traditional assets to collateral workflows, utilizing its ID++ Technology and various console applications [5]. - The Private Digital Title system embeds legal ownership and verifiable identity directly into the asset, addressing barriers to real-time finance and enhancing collateral mobility [6][8]. Group 3: Market Impact and Legal Framework - The Abaxx USD Trust Network is designed to turn tokenized MMF shares into identity-anchored, legally enforceable digital assets, potentially unlocking access to the multi-trillion-dollar High-Quality Liquid Assets (HQLA) collateral market [7]. - The framework aims to solve legal finality issues and the 'insolvency gap' that can arise when assets are held across different jurisdictions, ensuring regulatory compliance and transaction confidentiality [7][9]. Group 4: Industry Context - The Futures Industry Association (FIA) highlights the need for solutions that address legal finality and regulatory interoperability in the cleared derivatives industry, which the Abaxx USD Trust Network aims to fulfill [9]. - Industry leaders, such as BlackRock's CEO, emphasize the importance of solving identity authenticity and legal certainty challenges for the future of tokenization in markets [10].