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Abaxx Exchange Completes First Physical Delivery Under Gold Singapore Futures Contract
TORONTO and SINGAPORE, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQ...
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[{"type":"text","content":"Abaxx Exchange Completes First Physical Delivery Under Gold Singapore Futures ContractFirst physical delivery validates the Company's integrated gold market infrastructure in Singapore\nTORONTO and SINGAPORE, Feb. 24, 2026 (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”), StoneX Financial Pte. Ltd. (\"StoneX\"), a subsidiary of StoneX Group Inc. (NASDAQ: SNEX), and KGI Securities (Singapore) Pte. Ltd. (“KGI Securities”) a subsidiary of KGI Financial Holding Co., Ltd. (2883.TW), today announced the successful first delivery under the Abaxx Gold Singapore Futures contract on Abaxx Exchange. The Abaxx Gold Singapore Futures Feb 2026 contract was physically settled, with delivery completed between MTS Gold Group and Kilo Capital, with clearing services provided by StoneX and KGI Securities, and inventory transfer supported by Abaxx Spot. The transaction represents the first gold futures position on Abaxx Exchange carried through to physical delivery, and the first Abaxx Spot inventory transfer associated with a futures delivery. The delivery demonstrates the contract’s function as a regionally anchored benchmark for price discovery and commercial risk management in the Asian physical gold market. “StoneX is proud to be the first clearing member to complete a physical delivery on Abaxx Exchange, marking an important milestone in bringing this exciting new market infrastructure and capability to Singapore,” said Lian Tuck Lee, Head of Listed Derivatives, Asia, StoneX Financial Pte. Ltd. “Along with being the first clearer on Abaxx Exchange, this new achievement reinforces our commitment to expanding access, deepening liquidity, and delivering best‑in‑class hedging and risk‑management solutions for StoneX clients globally. With StoneX's deep expertise in the physical markets, and specifically in precious metals, we look forward to working with Abaxx to open new commercial avenues and bring additional transparency and efficiency in the gold trading marketplace....