Abaxx Technologies Acquires Strategic Position in ARTEX AG, Extending Capabilities in Europe and to New Markets in Fine Art

Core Insights - Abaxx Technologies Inc. has acquired a strategic position in ARTEX AG, the first regulated trading venue for fine art, enhancing its market infrastructure and technology capabilities [1][2][3] Investment Details - Abaxx will acquire two tranches of zero-coupon convertible debentures from ARTEX, convertible into up to 10% of ARTEX's common shares on a fully diluted basis, with a deemed conversion price of USD$1,000,000 per approximately 1% of shares [4][5] - The second tranche of the investment is expected to close around January 2026 [5] Strategic Partnership - The cooperation agreement between Abaxx and ARTEX aims to create a new regulated financial market for fine art, leveraging Abaxx's Digital Title and ID++ technology [2][6] - This partnership will provide access to ARTEX's network of institutional partners, including European banks and asset managers, enhancing Abaxx's reach in Europe [6] Market Potential - The global art market is valued at approximately $2.5 trillion, characterized by its opacity and illiquidity, which the partnership aims to address [3][6] - The collaboration is expected to facilitate the development of tradeable futures contracts based on a transparent price index for fine art [2][3] About ARTEX - ARTEX Global Markets AG operates a regulated multilateral trading facility for fine art, enabling fractional ownership and real-time trading of artworks from various historical periods [7][8]