TORONTO, June 24, 2026 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (TSX: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”), today announced that Yongan International Financial (Singapore) Pte. Ltd. (“Yongan International SG”) will offer clearing and trading access to clients on Abaxx Exchange beginning June 29, 2026.
Yongan International SG is a Singapore-based futures brokerage and a wholly owned subsidiary of Xin Yongan International Financial Holdings Ltd. in Hong Kong, which is a subsidiary of Yongan Futures Co. Ltd.
As part of one of China’s top-ranked, state-owned futures groups, Yongan International SG brings an established regional client network to its role as a clearing member of Abaxx Clearing. Through this membership, Yongan International SG can provide commercial hedgers and institutional clients across Hong Kong and Asia with direct clearing access to Abaxx Exchange’s energy, environmental, battery materials, and precious metals markets.
This approval, along with its trading membership on Abaxx Exchange, makes Yongan International SG the first Chinese-backed futures firm able to both trade and clear products listed on Abaxx Exchange.
“Our clients are managing increasingly complex exposure across energy, metals, and industrial supply chains,” said Josh Qiao, Chief Executive Officer of Yongan International SG. “Joining Abaxx Exchange allows us to provide them with direct access to differentiated contracts designed around the physical markets and risk management needs shaping those supply chains.”
“Yongan International SG’s strong reputation in futures brokerage and deep connectivity across regional and cross-border commodities markets make them an important addition to Abaxx Clearing,” said Nancy Seah, Chief Executive Officer of Abaxx Exchange. “Their membership strengthens our clearing network and supports our shared focus on expanding access to better tools for price discovery and risk management.”
About Abaxx Technologies
Abaxx Technologies Inc. (TSX: ABXX | OTCQX: ABXXF) is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transformation and the transition to an AI-augmented economy.
In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, the parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, creator of Abaxx Labs and the producer of the SmarterMarkets™ podcast.