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.
Media and investor inquiries:
Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 246 271 0082
E-mail: [email protected]
For more information about this press release, please contact:
Steve Fray, CFO
Tel: 416-786-4381