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Abaxx Joins Singapore Bullion Market Association
TORONTO and SINGAPORE, March 18, 2026 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTC...
About this update from Abaxx Technologies Inc
[{"type":"text","content":"Abaxx Joins Singapore Bullion Market Association\nTORONTO and SINGAPORE, March 18, 2026 (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 Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced that Abaxx Singapore has joined the Singapore Bullion Market Association (“SBMA”) as a Local Associate Member. The Singapore Bullion Market Association (SBMA) is a non-profit, member-driven industry body representing participants across the precious metals value chain, including bullion banks, exchanges, refineries, trading firms, and logistics providers. It convenes the key institutions that underpin Singapore’s position as a regional hub for physical gold trading and custody, supporting bullion market activity across the Asia-Pacific. The membership reflects Abaxx’s increasing role in the physical gold market, as participation grows in Abaxx Exchange’s kilobar futures contract, deliverable into Singapore. Supported by the Company’s co-located spot and futures infrastructure, Abaxx is establishing a direct access point for the kilobar market and enabling the next phase of market expansion as the region strengthens its role in global gold trading. In a recent pilot, the Company demonstrated the mobilization of physical gold as collateral within existing market structures, enabling T+0 ownership transfer to support financing against vaulted inventory. The transaction illustrates how Abaxx Digital Title can be applied to vaulted gold to address inefficiencies in a $47 billion segment of gold trade finance, aligning with SBMA’s focus on deepening Singapore’s leadership in bullion services.¹ “Abaxx has anchored its integrated precious metals market infrastructure in Singapore to align with Asia’s physical trade,” said Nancy Seah, Chief Executive Officer of Abaxx Exchange. “That approach is consistent with the direction SBMA has set for the next phase of market development, and we look forward to contributing to smarter precious metals mar...