Core Insights - Abaxx Technologies Inc. has launched a physically-deliverable Gold Kilobar Futures contract and a new gold trading platform, Abaxx Spot, in Singapore, aiming to enhance market infrastructure for precious metals [1][2][3] Company Overview - Abaxx Technologies is a financial software and market infrastructure company, and the majority shareholder of Abaxx Singapore Pte. Ltd., which owns the Abaxx Commodity Futures Exchange and Clearinghouse [1][10] - The company focuses on building smarter markets through better tools, benchmarks, and technology to address societal challenges, including the energy transition [10] Product Launch - The Gold Kilobar Futures contract is USD-denominated, physically deliverable, and sized to 1-kilogram, 9999-purity bars, catering to Asia's bullion trade [3][6] - Abaxx Spot provides a secure platform for the transfer of physically-allocated gold, allowing registered participants to maintain title to an undivided interest in the gold held in appointed vaults [5][7] Market Impact - This launch represents the first co-located spot and futures infrastructure for gold, designed to reduce fragmentation in global gold markets and align trading practices with actual market operations [2][6] - The integrated infrastructure aims to address structural inefficiencies that separate global benchmarks from physical trade, with pricing traditionally anchored in New York and London [8][12] Trading Operations - Trading on the Abaxx Gold Singapore Futures contract is available 14 hours per day, Monday through Friday, providing a regionally anchored benchmark for price discovery and risk management [4][3] - The platform is designed for physical market participants, including bullion dealers and refiners, offering global access to kilobar gold trading without the complexities of traditional OTC markets [7][8]

Core Insights - Abaxx Technologies Inc. has announced that its subsidiary, Abaxx Singapore, has achieved ISO/IEC 27001:2022 certification for its Information Security Management System (ISMS), confirming compliance with international standards for data security and operational resilience [1][2][3] Group 1: Certification Details - The certification was awarded by Prescient Security, an independent global cybersecurity firm, and is recognized as the global standard for information security management systems [2] - The certification process involved a comprehensive audit of Abaxx Singapore's IT systems, risk management protocols, and governance controls, confirming alignment with global best practices [3] Group 2: Company Statements - Nancy Seah, CEO of Abaxx Exchange, stated that achieving this certification demonstrates the company's commitment to high global standards for information security, providing assurance to market participants regarding the security of trade execution and data protection [4] Group 3: Company Overview - Abaxx Technologies is focused on building Smarter Markets through better tools and technology, addressing significant societal challenges such as the energy transition [5] - The company is the majority shareholder of Abaxx Singapore, which owns the Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot [6] - Abaxx Exchange aims to support the transition to a low-carbon economy by providing market infrastructure for futures contracts in LNG, carbon, battery materials, and precious metals [7]

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].

Core Insights - Abaxx Technologies Inc. has successfully completed its first delivery under a carbon futures contract on the Abaxx Exchange, marking a significant milestone for the company [1][2] - The delivery involved 50 lots of May 2025 CORSIA Phase 1 Carbon Offset Unit Futures priced at USD $24.25 per tonne of CO₂ equivalent, validating the exchange's infrastructure for managing environmental assets [2][3] Company Overview - Abaxx Technologies is a financial software and market infrastructure company, and the majority shareholder of Abaxx Singapore Pte Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse [1][7] - The company aims to create smarter markets by providing better tools, benchmarks, and technology to address societal challenges, including the energy transition [6][8] Market Infrastructure - The Abaxx Exchange offers a suite of physically-deliverable futures contracts across various sectors, including energy, environmental, battery materials, and precious metals [4][8] - The CORSIA Phase 1 Carbon Offset Unit Futures contract, launched in June 2024, is part of this growing suite and is designed to support price formation, risk management, and forward planning in environmental markets [4][8] Transaction Details - The first delivery was executed between Mercuria Energy Trading SA and a U.S.-based counterparty, facilitated by Eagle Commodities, with clearing services provided by KGI Securities, Marex, and another bank clearing firm [3][4] - The transaction involved the transfer of eligible CORSIA Phase 1 carbon units from Mercuria to a registry account for the buyer, fulfilling the delivery obligations under the futures contract [3][4] Commitment to Sustainable Finance - Abaxx Exchange's infrastructure is designed to empower clients in the evolving environmental asset landscape, emphasizing the importance of sustainable finance [4][8] - The successful execution of the carbon futures contract highlights the company's commitment to connecting capital to climate-linked exposures [4][8]

Core Insights - Abaxx Technologies Inc. has filed an early warning report regarding its increased holdings in Base Carbon Inc. following the acquisition of 3,700,000 common shares for C$1,515,150 at C$0.4095 per share [1][2] Group 1: Acquisition Details - Prior to the acquisition, Abaxx held 15,639,630 common shares of Base, representing 14.32% of the outstanding shares on an undiluted basis [2] - After the acquisition, Abaxx's total holdings in Base increased to 19,339,630 common shares, representing 17.7% of the outstanding shares on an undiluted basis [2] - The acquisition resulted in an increase of more than 2% in Abaxx's ownership of Base since the last early warning report [2] Group 2: Strategic Intent - The shares were acquired as part of Abaxx's strategic interest in Base and for investment purposes [3] - Abaxx may consider acquiring additional securities of Base or selling its holdings in the future, depending on market conditions and other relevant factors [3] Group 3: Company Overview - Abaxx Technologies is focused on building smarter markets through enhanced financial technology and market infrastructure, particularly addressing challenges related to the energy transition [5] - The company is a majority owner of Abaxx Exchange and Abaxx Clearing, which are recognized by the Monetary Authority of Singapore [5][6] - Abaxx Exchange and Abaxx Clearing aim to provide better price discovery and risk management tools for commodities essential to the transition to a lower-carbon economy [6]

TORONTO, April 08, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, provides an update on operational milestones and the continued execution of the Company’s business strategy in the first quarter ...

Core Insights - Abaxx Technologies Inc. has announced the first over-the-counter trade of an LNG cargo indexed to its LNG futures, marking a significant milestone in the global LNG market [1][2] - The transaction involves two Asia-based counterparties trading an LNG cargo from the Gulf of Mexico, with the price indexed to Abaxx GOM LNG futures, which settled at $12.46/mmBtu for May delivery [2] - The use of Abaxx futures for pricing reflects the need for more precise LNG pricing amid geopolitical shifts affecting global commodities markets [3] Company Overview - Abaxx Technologies Inc. is focused on building Smarter Markets through enhanced financial technology and market infrastructure, addressing challenges such as the energy transition [4] - The company is the majority owner of Abaxx Exchange and Abaxx Clearing, which are recognized by the Monetary Authority of Singapore as a Recognized Market Operator (RMO) and an Approved Clearing House (ACH) respectively [5] - Abaxx Exchange and Abaxx Clearing aim to provide better price discovery and risk management tools for commodities critical to transitioning to a lower-carbon economy [5]