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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) (...
About this update from Abaxx Technologies Inc
[{"type":"text","content":"Abaxx Introduces Smarter Markets for Precious Metals with the Launch of its Gold Kilobar Futures Contract and Abaxx Spot Gold Pool in Singapore\n\n\n\n TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“\n \n Abaxx\n \n ” or the “\n \n Company\n \n ”), a financial software and market infrastructure company, indirect majority shareholder of Abaxx Singapore Pte. Ltd. (“\n \n Abaxx Singapore\n \n ”), the owner of Abaxx Commodity Futures Exchange and Clearinghouse (individually, “\n \n Abaxx Exchange\n \n ” and “\n \n Abaxx Clearing\n \n ”), 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.\n \n\n 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.\n \n\n\n Physically-Deliverable Gold Kilobar Futures Now Live\n \n\n\n 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.\n \n\n 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\n \n\n abaxx.exchange\n \n\n .\n \n\n\n Abaxx Spot Opens New\n \n\n Gold Trading Platform in Singapore\n \n\n\n Abaxx has additionally launched a separate provider of spot market services, enabling secure transfers of physically-allocated gold in Singapore through a central po...