TORONTO 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 markets.”
“We are pleased to welcome Abaxx Exchange as a new Local Associate Member of the Singapore Bullion Market Association,” said Albert Cheng, Chief Executive Officer of SBMA. “The newly launched Abaxx Gold Singapore futures contract is a timely addition to gold market infrastructure in Asia. More than simply listing another futures contract, it seeks to establish a Singapore-based, kilobar-native, physically deliverable benchmark supported by co-located spot infrastructure and modernised title and transfer mechanisms. This integrated approach has the potential to strengthen hedging efficiency and further connect physical and derivatives markets within the Asian time zone. We look forward to working closely with Abaxx Exchange and to supporting the continued growth and international standing of Singapore’s bullion market.”
¹ Source: ICC Trade Register Summary Report: Global Risks in Trade Finance, International Chamber of Commerce, November 2023.
About Abaxx Technologies
Abaxx Technologies 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 transition.
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, and the parent company of wholly owned subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot.
Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals, meeting the commercial needs of today’s commodity markets and establishing the next generation of global benchmarks.
Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers, and is designed to support physical delivery for Abaxx Exchange’s physically-deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.
Adaptive Infrastructure closes critical gaps in post-trade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement, and transfer agency services designed to reduce risk and improve reliability across asset classes.
