Abaxx Introduces Smarter Markets for Precious Metals with the Launch of its Gold Kilobar Futures Contract and Abaxx Spot Gold Pool in Singapore

TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, indirect majority shareholder of Abaxx Singapore Pte. Ltd. (“Abaxx Singapore”), the owner of Abaxx Commodity Futures Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced the introduction of smarter market infrastructure for precious metals with the simultaneous launch of its physically-deliverable Gold Kilobar Futures contract on Abaxx Exchange, alongside the opening of Abaxx Spot¹— a new physically-allocated gold trading platform in Singapore.

This marks the first instance of co-located spot and futures infrastructure for gold, designed to deliver integrated physical and futures settlement in a single region, in the kilobar format preferred across Asia’s bullion market. Abaxx’s model aims to reduce fragmentation in global gold markets by aligning futures and spot markets with how gold is actually traded, stored, and settled.

Physically-Deliverable Gold Kilobar Futures Now Live

The Abaxx Gold Singapore Futures contract is a USD-denominated, physically-deliverable futures contract sized to the 1-kilogram, 9999-purity bars preferred by Asia’s bullion trade. Deliverable into approved vaults in Singapore, the contract offers a regionally anchored benchmark for transparent price discovery, risk management, and physical settlement in one of the world’s most active gold trading hubs.

Trading is open 14 hours per day, Monday through Friday. For contract specifications, onboarding requirements, and a list of approved clearing firms and brokers, visit abaxx.exchange.

Abaxx Spot Opens New Gold Trading Platform in Singapore

Abaxx has additionally launched a separate provider of spot market services, enabling secure transfers of physically-allocated gold in Singapore through a central pool structure. Registered participants maintain title to an undivided interest in the gold held with the Abaxx Spot appointed vault.

Built to support physical delivery for Abaxx Gold Futures, the platform co-locates futures and spot trading in a single jurisdiction, aiming to reduce basis risk, potentially lessen reliance on cross-regional arbitrage, and simplify post-trade settlement for kilobar gold.

Abaxx Spot serves physical market participants — including bullion dealers, refiners, and family offices — seeking direct access to kilobar gold trading on a platform designed for security, without the complexity of traditional OTC markets or reliance on offshore settlement systems. While centered in Singapore, the platform offers global access to physically-allocated gold in the format preferred across Asia.

“As a US-based provider of bullion banking services to users of gold and other precious metals, we welcome the introduction of futures and spot infrastructure in Singapore designed around the physical gold trade,” said Wade Brennan, CEO of Kilo Capital. “For firms like ours, the ability to hedge kilobar exposure and manage our gold positions through a centrally-managed pool offers an efficient and accessible addition to legacy OTC structures.”

“With the Abaxx Gold Futures contract now trading and Abaxx Spot open in Singapore, this launch aims to address structural inefficiencies that separate global benchmarks from physical trade,” said Josh Crumb, Founder of Abaxx. “Pricing remains anchored in New York and London, even as demand and delivery shift to Asia. By realigning market plumbing to the modern flow of gold, we’re continuing our broader work to build infrastructure that reflects how commodities are actually bought, sold, and delivered today.”

¹Abaxx Spot Pte. Ltd. is a registered dealer under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 (PSPM Act), and is exempted from holding a spot commodities brokers license under the Commodity Trading Act 1992. Abaxx Spot Pte. Ltd. is not regulated by the Monetary Authority of Singapore as a financial institution, but operates in compliance with the regulatory framework established by the PSPM Act.

About Abaxx Technologies
Abaxx Technologies is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition.

In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals, meeting the commercial needs of today’s commodity markets and establishing the next generation of global benchmarks.

Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers, and is designed to support physical delivery for Abaxx Exchange’s physically-deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media

For more information about this press release, please contact:

Steve Fray, CFO
Tel: +1 647-490-1590

Media and investor inquiries:

Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech

Cautionary Statement Regarding Forward-Looking Information

This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “purpose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.

In particular, this press release contains forward-looking statements including, without limitation, statements regarding the potential benefits and impact of the Gold Kilobar Futures contract and Abaxx Spot platform, the Company's business strategies, plans, and objectives, the development of new markets and products, and expectations regarding market adoption and regulatory approvals. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. . Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

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