Core Insights - Abaxx Technologies Inc. is undergoing a transformational period with significant operational milestones achieved in Q2 2025, including the launch of new products and increased trading activity [2][3][12] Commercial Development - The Gold Singapore Futures (GKS) contract was launched on June 12, 2025, with average daily trading volumes increasing from 200 lots in June to 500–1,000+ lots in August, including consistent days above 1,000 lots [6][12] - The first physical delivery of a regulated, exchange-cleared voluntary carbon contract was completed, validating Abaxx's end-to-end infrastructure [6][14] - Abaxx Spot was established as a separate entity to operate a physically-allocated gold trading platform in Singapore, enhancing market access and reducing basis risk [27][28] Exchange Product Development - Development is underway for additional precious metals contracts, including silver, platinum, and rhodium, alongside cash-settled LNG contracts and a financially-settled copper spread contract [20][22] - The Gulf of Mexico LNG Futures (GOM) gained traction with regular trading activity and the first calendar-month spread trade, currently the only physically-backed LNG forward curve available [6][13] Risk and Regulatory Development - The U.S. Commodity Futures Trading Commission (CFTC) is reviewing Abaxx Exchange's application for recognition as a Foreign Board of Trade (FBOT), which will allow U.S.-based participants to access Abaxx-listed products directly [9][12] - Abaxx Clearing established accounts with two clearing members to serve as designated liquidation brokers, enhancing operational readiness for default management [11][12] Systems and Operations Development - The development and testing of multi-currency settlement and collateralization capabilities were completed, with implementation scheduled for Q3 2025 [17][19] - Abaxx achieved ISO/IEC 27001:2022 certification for its exchange and clearing infrastructure, confirming alignment with global standards for information security and operational resilience [18][12] Additional Corporate Updates - A second pilot for the Abaxx USD Trust Network was announced, utilizing Private Digital Title and ID++ technologies with tokenized-USD money market funds [24] - The Console Suite applications, including Sign, Drive, and Messenger, were deployed to production environments ahead of schedule, enhancing secure trade documentation and communications [25]