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Abaxx Advances Digital Title Toward Commercial Implementation; Names Alta as First Singapore Integration Partner
TORONTO, May 07, 2026 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) ( ...
About this update from Abaxx Technologies Inc
[{"type":"text","content":"Abaxx Advances Digital Title Toward Commercial Implementation; Names Alta as First Singapore Integration PartnerAgreement supports the formation of a Singapore-based VCC structure to enable the use of money market fund shares as T+0 collateral at Abaxx Clearing\nTORONTO, May 07, 2026 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, and indirect majority shareholder of Abaxx Singapore Pte Ltd. (“Abaxx Singapore”), owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced a commercial engagement with Alta Alternative Investments Pte. Ltd. (“Alta”), one of Asia’s leading regulated brokerages, securities exchanges, and fund management platforms, to advance the use of money market fund shares as T+0 collateral for margin at Abaxx Clearing, moving Digital Title toward its first commercial implementation. In December 2025, Abaxx demonstrated in a pilot that its Digital Title can provide a legally enforceable and operational mechanism to instantly mobilize money market fund shares as collateral for margin and financing. Evidence of legal title transferred immediately on margin call, giving the receiving party direct ownership of the underlying money market fund shares, rather than a pledged claim exposing them to an insolvency gap, while the original holder continued to earn yield on the same principal throughout the transaction. Following the successful pilot, Abaxx has moved from pilot transactions to commercial partnerships, engaging with Alta to advance the use of money market fund shares as T+0 collateral for margin at Abaxx Clearing. Abaxx and Alta have signed a letter of engagement to partner in the establishment of a Singapore-based Variable Capital Company (“VCC”) umbrella structure, including a sub-fund designed to invest in USD-denominated money market instruments and short-term fixed income securities, to support the use of those fund shares as T+0 collateral within Abaxx Clearing, while allowing yield on those assets to continue to accrue. The VCC will be a Singapore-regulated open-ended fund vehicle designed for institutional use, providing the legal str...