TORONTO, Aug. 15, 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 second quarter of 2025.
Since quarter-end, the Company has entered a transformational period, with key developments from July and August outlined in the highlights below. On August 11, 2025, Abaxx CEO and Founder Josh Crumb hosted a Special Mid-Year Investor Update Call to update shareholders on these transformational events and the current state of the Company. A recording of this presentation is available on the Abaxx Investor Relations website at investors.abaxx.tech.
Abaxx Corporate Milestone Highlights
Commercial Development
During Q2-2025
- Confirmed active trading in Abaxx Exchange’s physically-deliverable Gold Singapore Futures (GKS) contract following the product’s official launch on June 12, 2025.
- Completed the first ever physical delivery of a regulated, exchange-cleared voluntary carbon contract — a live commercial transaction between major global participants, validating Abaxx’s end-to-end infrastructure from trading and clearing to final settlement and registry transfer.
- Coordinated visits from multiple State-Owned Enterprises (SOEs) to Abaxx’s Singapore headquarters to explore participation in Abaxx markets, including active negotiations on incorporating Abaxx liquefied natural gas (LNG) benchmarks into pricing formulas.
- Continued discussions with external exchange groups based in China to collaborate on cross-jurisdictional (onshore/offshore) product listing opportunities with Abaxx Exchange and Abaxx Clearing.
- A total of 80 firms including clearing firms, trading firms and interdealer brokers are now either fully connected or in process of onboarding with Abaxx Exchange
- Established connectivity with 15 market maker firms and 5 liquidity providers across product verticals to deepen market liquidity and tighten bid /ask spreads across listed products.
- Formed Abaxx Spot, a separate provider of spot market services in Singapore, offering secure, centrally-pooled kilobar gold trading for physical market participants and enabling global access to physically-allocated gold in the format preferred across Asia.
Subsequent to Quarter-End
- Average daily volumes in Gold Singapore Futures (GKS) increased from 200 lots in June to 500–1,000+ lots in August, with consistent days above 1,000 lots and an active curve across four months.
- Gained traction in Gulf of Mexico LNG Futures (GOM), with regular trading activity and the first calendar-month spread trade — currently the only physically-backed LNG forward curve available and trading in the global market.
Exchange Product Development
- Launched physically-deliverable Gold Singapore Future (GKS), Abaxx’s first precious metals market, with development underway for additional precious metals including silver, platinum and rhodium.
- Moved weather futures and carbon market contracts aligned with regional compliance programs into Stage 3, with launch planning underway. These contracts will be Abaxx’s first products priced in a non-USD currency.
- Advanced Stage 3 development of complementary cash-settled LNG contracts to expand portfolio risk management tools alongside physically-deliverable LNG benchmarks.
- Progressed stage 3 development of a financially-settled copper spread contract designed to improve hedging precision in global copper markets.
Risk and Regulatory Development
- Application to the U.S. Commodity Futures Trading Commission (CFTC) for recognition as a Foreign Board of Trade (FBOT) under review and progressing well
- Implemented exchange rule changes to operational mechanisms of Error Trade Cancellation and No Cancellation Bands
- Established accounts with two clearing members as designated liquidation brokers, expanding operational readiness for default management.
Systems and Operations Development
- Completed development and testing of multi-currency settlement and collateralization capabilities, with implementation scheduled for Q3 2025.
- Achieved ISO/IEC 27001:2022 certification for Abaxx Singapore’s exchange and clearing infrastructure, confirming alignment with global standards for information security, operational resilience, and institutional onboarding requirements.
Abaxx Console Suite Development
During Q2-2025
- Announced a Q4 2025 pilot for the first application of Abaxx’s Private Digital Title, financing gold futures margin with physical gold held in Abaxx Spot with the goal of demonstrating legally-enforceable, real-time collateral across the Company’s integrated market infrastructure.
- Proved bank-grade security of Verifier+ for passwordless login through secure integration to the Abaxx Trade Registration Platform.
- Deployed pilot-ready Abaxx Messenger, Sign, and Drive applications to production ahead of schedule, meeting development requirements for the Company’s Annual Information Filing.
- Advanced third-party adoption of the Abaxx Console Suite with initial rounds of user, legal, and compliance research ahead of full-stack ISO27001/SOC2 compliance certification.
- Advanced the ID++ and Console Suite’s total addressable market by continuing development of AbaxxOne to enable compatibility between enterprise identity providers and the ID++ service layer.
Subsequent to Quarter-End
- Announced a second pilot to test the Abaxx USD Trust Network using Abaxx’s Private Digital Title and ID++ technologies with tokenized-USD money market funds, addressing legal finality and identity requirements for real-time collateral in regulated markets.
The following sections provide further information related to these developments across business units and platform initiatives. Due to the transformational events that have transpired in July and August, the discussion below includes developments that have occurred subsequent to quarter-end.
Abaxx Exchange and Abaxx Clearing Developments
Risk and Regulatory: The U.S. Commodity Futures Trading Commission (CFTC) review of Abaxx Exchange’s application for recognition as a Foreign Board of Trade (FBOT) progressed in Q2. Once granted, the designation will allow U.S.-based participants to directly access Abaxx-listed products.
In June, Abaxx Exchange introduced targeted rule changes to provide greater clarity on the operational mechanisms for error trade cancellation and the imposition of no-cancellation bands, enhancing transparency and predictability for market participants.
Abaxx Clearing successfully established accounts with …