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Abaxx Will Expand Environmental Product Suite with Launch of Enwex German Wind Futures on November 14, 2025
Globenewswire· 2025-11-06 22:00
Core Insights - Abaxx Technologies Inc. is launching the Enwex German Wind (GWM) Futures, the first wind futures contract based on Enwex indices in Germany, available for trading on November 14, 2025 [1][2] - The GWM Futures are financially settled contracts indexed to the utilization of installed wind capacity in Germany, providing a standardized benchmark for managing weather-related volume risk in renewable power generation [2][3] - The partnership with Enwex aims to apply meteorological data to risk management in renewable power markets, addressing the growing influence of weather on energy pricing and performance [3] Company Overview - Abaxx Technologies focuses on building Smarter Markets through improved tools, benchmarks, and technology to address societal challenges, including the energy transition [4] - The company is the majority shareholder of Abaxx Singapore, which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot Pte. Ltd. [5] - Abaxx Exchange provides market infrastructure for a low-carbon economy through centrally-cleared futures contracts in various commodities, including LNG, carbon, and precious metals [6] Product Development - The Enwex German Wind Futures contract is euro-denominated and indexed to Enwex Wind Germany, translating wind speed at 100m into standardized generation utilization rates expressed in €/MWh [2] - The introduction of this contract is expected to enhance liquidity and support robust risk management across the energy ecosystem, particularly as renewable generation becomes more significant in Europe's power mix [3]
Abaxx Will Expand Environmental Product Suite with Launch of Enwex German Wind Futures on November 14, 2025
Globenewswire· 2025-11-06 22:00
Core Viewpoint - Abaxx Technologies Inc. has announced the launch of the Enwex German Wind (GWM) Futures, the first wind futures contract based on Enwex indices in Germany, set to be available for trading on November 14, 2025 [1][2]. Group 1: Product Overview - The GWM Futures are the first financially-settled contracts indexed to the utilization of installed wind capacity in Germany, providing a standardized benchmark for managing weather-related volume risk in renewable power generation [2][3]. - The contract is euro-denominated and indexed to the Enwex Wind Germany, which translates wind speed at 100m into standardized generation utilization rates expressed in €/MWh [2]. Group 2: Strategic Importance - The partnership with Enwex aims to apply meteorological data to practical risk management in renewable power markets, addressing the growing influence of weather on price and performance in energy markets [3]. - As renewable generation becomes more significant in Europe’s power mix, the GWM Futures contract is expected to strengthen the link between financial and physical energy markets, enhancing liquidity and supporting robust risk management across the energy ecosystem [3]. Group 3: Company Background - Abaxx Technologies is focused on building smarter markets through better tools, benchmarks, and technology to address societal challenges, including the energy transition [4]. - The company is the majority shareholder of Abaxx Singapore, which owns the Abaxx Exchange and Abaxx Clearing, and is involved in developing financial technologies for secure and efficient trading [5][6].
Abaxx Exchange Integrates with TradingView, Extending LNG and Singapore Gold Futures Contract Liquidity to 100M+ Users
Globenewswire· 2025-10-27 11:30
Core Viewpoint - Abaxx Technologies has integrated its futures markets data into TradingView, enhancing accessibility to its physically-backed LNG forward curves and Singapore Gold Kilobar Futures for a global audience of over 100 million users, thereby establishing new regional benchmarks for price discovery [1][2][3] Group 1: Integration and Market Access - The integration allows Abaxx's full suite of physically-deliverable futures contracts to be available for charting and analysis on TradingView, expanding distribution and enabling market participants to track Abaxx contracts alongside established benchmarks [2][3] - This move is seen as a significant step towards establishing trusted and transparent benchmarks in the market [3] Group 2: Product Offerings and Market Impact - Since its launch in June 2024, Abaxx Exchange has introduced ten new futures benchmark contracts across various sectors including energy, environmental, battery materials, and precious metals [3] - The visibility of these markets on TradingView is expected to integrate Abaxx products into the workflows of traders globally, supporting broader participation and reinforcing their role in global price discovery [3][9] Group 3: Company Overview - Abaxx Technologies aims to build smarter markets through better tools, benchmarks, and technology, addressing significant societal challenges such as the energy transition [8] - The company is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot, focusing on modernizing physical gold trading [8][10]
Abaxx Technologies Appoints Leah Wald as Commercial Advisor
Globenewswire· 2025-10-23 11:30
Core Insights - Abaxx Technologies has appointed Leah Wald as a Commercial Advisor to enhance the commercial readiness of its Digital Title platform ahead of a multi-market pilot program [1][2] - The company is focusing on initiatives such as tokenized gold markets and tokenized money market funds to facilitate real-time collateral transfers, aiming for institutional adoption [2][4] - Wald's extensive experience in scaling digital asset businesses and launching innovative financial products is expected to align with Abaxx's goals [3][4] Company Developments - The Digital Title pilot program includes tokenization of in-vault gold to make it a high-quality liquid asset (HQLA) [2] - Abaxx has launched a new podcast series titled "Re-engineering Tokenization" to discuss the barriers to current tokenization approaches and promote its law-anchored digital title technology [5] - The company aims to build market infrastructure and financial technology tools for the next generation of smarter markets [4][6] Market Positioning - Abaxx Technologies is positioned as a leader in developing financial technologies that enhance communication, trade, and transactions [7] - The company operates the Abaxx Exchange and Abaxx Clearing, focusing on facilitating the shift towards a low-carbon economy through various commodity markets [8] - Abaxx Spot is modernizing physical gold trading by enabling secure electronic transactions and supporting physical delivery for gold futures contracts [9]
MineHub Completes Initial Integration of Abaxx Verifier+
Newsfile· 2025-10-22 12:00
Core Insights - The integration between MineHub Technologies Inc. and Abaxx Technologies Inc. aims to facilitate real-time title transfers for in-transit shipments of non-ferrous metals, marking a significant step in their collaboration announced in September [1][2][3] - This initiative is designed to connect physical trade documentation with financial systems, enhancing liquidity and capital efficiency in commodity markets [2][3] Company Overview - MineHub Technologies is a provider of digital supply chain solutions for commodity markets, focusing on improving efficiency, resilience, and sustainability in raw material supply chains [10] - Abaxx Technologies is a financial software and market infrastructure company, aiming to create smarter markets through better tools and technology, particularly in the context of the energy transition [4][5] Technical Integration - The first technical integration of Abaxx's Verifier+ identity application with the MineHub platform has been completed, laying the groundwork for a pilot program [1][2] - This integration is expected to demonstrate how trusted ownership records can enhance collateral efficiency in the metals trade [3] Market Potential - The collaboration is positioned to unlock a USD 50 trillion opportunity by connecting real-world assets to modern collateral and settlement systems [3] - The pilot program will engage prospective market participants to explore commercial use cases and shape the future of digital title transfers in commodity markets [3]
Abaxx Confirms Growing Trading Activity in its North Pacific-Asia (NPA DAP) and US Gulf of Mexico (GOM FOB) LNG Futures
Globenewswire· 2025-10-21 11:30
Core Insights - Abaxx Technologies Inc. has reported continued growth and trading activity in its LNG Futures contracts, specifically in the Gulf of Mexico (GOM FOB) and North Pacific-Asia (NPA DAP) markets [1][2][3] Trading Activity - Trading volume for NPA DAP Futures reached 690 lots in the week ending October 17, 2025, while GOM FOB Futures increased to 2,394 lots [2] - Total LNG trading volume rose over 80% from August to September, with ongoing growth in October [2] Total Trading Volume - Since launch, total trading volume across GOM FOB and NPA DAP LNG Futures has reached 14,042 lots, equivalent to approximately 140,420,000 MMBtu or $1.6 billion USD in notional value, representing around 40 LNG cargoes [3] Market Infrastructure - Abaxx's LNG contracts provide regional price signals for terminals that account for over 80% of global LNG import capacity, offering reliable forward curves aligned with actual physical trade flows [3][4] - The contracts are designed to help commercial participants manage regional price exposure and improve price discovery across their LNG supply chains [4] Contract Specifications - All contracts are USD-denominated, 10,000 MMBtu futures, with GOM Futures listed on an FOB basis and NPA and NWE contracts listed on a DAP basis [5] Company Overview - Abaxx Technologies aims to create smarter markets through better tools and technology, addressing challenges such as the energy transition [6][8] - The company is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot [7]
Abaxx Announces Closing of US$22 Million Strategic Financing
Globenewswire· 2025-10-20 22:15
Core Viewpoint - Abaxx Technologies Inc. has successfully closed a non-brokered private placement financing, raising US$22 million through the issuance of 1,000,000 units at a price of US$22.00 per unit [1][2]. Financing Details - Each unit consists of one common share and one half of a share purchase warrant, with each whole warrant allowing the purchase of an additional share at US$25.00 until April 20, 2028 [2]. - The financing is subject to final approval from Cboe Canada, and all securities issued will be subject to a four-month hold period under Canadian securities laws [4]. Use of Proceeds - The proceeds from the financing are intended for general corporate and working capital purposes, including funding ongoing operations of Abaxx Exchange and Clearing, product listings, pilot programs for Abaxx Private Digital Title technology, and meeting regulatory requirements [3]. Company Overview - Abaxx Technologies is focused on creating Smarter Markets through improved tools and technology, addressing significant societal challenges such as the energy transition [6]. - The company is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot Pte. Ltd. [7]. Market Infrastructure - Abaxx Exchange provides critical market infrastructure for the transition to a low-carbon economy, offering centrally-cleared, physically-deliverable futures contracts in various commodities [8]. - Abaxx Spot modernizes physical gold trading with a physically-backed gold pool in Singapore, facilitating secure electronic transactions and supporting physical delivery for gold futures contracts [9].
Abaxx Announces $30.7 Million Strategic Financing
Globenewswire· 2025-09-30 10:30
Core Viewpoint - Abaxx Technologies Inc. has announced a non-brokered private placement financing with a strategic investor, aiming to raise CAD$30.7 million through the issuance of 1,000,000 units at USD$22.00 per unit [1][3]. Financing Details - Each unit consists of one common share and one half of a share purchase warrant, with the full warrant allowing the purchase of an additional share at USD$25.00 for thirty months [2]. - The warrants include a call provision for the company to redeem them at USD$0.01 if the share price exceeds USD$30.00 for 20 consecutive trading days [2]. Use of Proceeds - Proceeds from the financing will be allocated for general corporate purposes, including funding operations of Abaxx Exchange and Clearing, product listings, pilot programs for Abaxx Private Digital Title technology, and hiring [3]. Closing Timeline - The financing is expected to close around October 15, 2025, pending formal documentation and regulatory approvals [4]. Strategic Importance - The financing is seen as a pivotal moment for Abaxx, coinciding with increased trading volumes and validation of its technology vision, which is expected to enhance hiring, product expansion, and network onboarding [5]. - The company emphasizes the commercialization of its proprietary Abaxx Digital Title platform, which aims to address the tokenization of over USD$50 trillion in financial assets [5]. Company Overview - Abaxx Technologies focuses on developing financial technologies that enhance market infrastructure, particularly in the context of a low-carbon economy, through its exchange and clearinghouse operations [6][8]. - The company is also involved in modernizing physical gold trading through its Abaxx Spot platform, which supports secure electronic transactions and physical delivery [9].
Abaxx Announces Results of 2025 Annual Meeting of Shareholders
Globenewswire· 2025-09-11 21:45
Company Overview - Abaxx Technologies Inc. is a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., which owns Abaxx Commodity Exchange and Clearinghouse [1][4] - The company aims to build Smarter Markets by providing better tools, benchmarks, and technology to address societal challenges, including the energy transition [3] Shareholder Meeting Results - The annual meeting of shareholders was held virtually on September 11, 2025, with 17,183,123 common shares represented, accounting for 49.96% of the total issued shares [1] - Shareholders voted to set the number of directors at seven, with 99.9% voting in favor [2] - All seven proposed directors were elected, with notable votes in favor for each nominee, such as W. Scott Leckie receiving 99.5% support [2] Financial and Operational Highlights - KPMG LLP was appointed as auditors for the upcoming year, with 99.9% of votes in favor [2] - Abaxx Exchange is focused on providing market infrastructure for a low-carbon economy through futures contracts in LNG, carbon, battery materials, and precious metals [5] - Abaxx Spot modernizes physical gold trading with a physically-backed gold pool in Singapore, facilitating secure electronic transactions and supporting physical delivery for gold futures contracts [6]
Abaxx Technologies Inc. (ABXXF) Investor Webinar: MineHub and Abaxx
Seeking Alpha· 2025-09-11 20:57
Company Overview - Abaxx is focused on the digital title initiative, aiming to innovate within the commodities sector [1] - The founder, Joshua Crumb, has a background in mining engineering and corporate development, particularly in the logistics and trading of physical commodities [1] Industry Experience - Joshua Crumb previously worked at Goldman Sachs as the Head of Metals Research and Strategy, emphasizing the trading side of physical commodities [2] - The company has experience dealing with major merchants and traders in the physical commodities market, utilizing futures and financial markets for financing [2]