Latest news with #AbaxxExchange
Yahoo
6 days ago
- Business
- Yahoo
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) ('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 Futures Exchange and Clearinghouse (individually, 'Abaxx Exchange' and 'Abaxx Clearing'), 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. 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. Physically-Deliverable Gold Kilobar Futures Now Live 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. 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 Abaxx Spot Opens New Gold Trading Platform in Singapore 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. About Abaxx TechnologiesAbaxx 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 Pte. Ltd., 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. For more information, visit | | | | For more information about this press release, please contact: Steve Fray, CFOTel: +1 647-490-1590 Media and investor inquiries: Abaxx Technologies Relations TeamTel: +1 246 271 0082E-mail: ir@ Cautionary Statement Regarding Forward-Looking Information This press release includes certain 'forward-looking statements' and 'forward-looking information' (collectively, 'forward-looking statements') within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'believe', 'anticipate', 'estimate', 'project', 'intend', 'expect', 'may', 'will', 'plan', 'should', 'would', 'could', 'target', 'purpose', 'goal', 'objective', 'ongoing', 'potential', 'likely' or the negative thereof or similar expressions. In particular, this press release contains forward-looking statements including, without limitation, statements regarding the potential benefits and impact of the Gold Kilobar Futures contract and Abaxx Spot platform, the Company's business strategies, plans, and objectives, the development of new markets and products, and expectations regarding market adoption and regulatory approvals. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. . Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx's limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx's products and operations; the ability to list Abaxx's securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains, and the risk factors identified in the Company's most recent management discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx's normal course of business. Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Abaxx Confirms Active Trading in Gold Singapore Futures Following Launch
TORONTO, June 15, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE: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 '), and producer of the SmarterMarkets™ Podcast, today announced active trading in its physically-deliverable Gold Singapore Futures following the product's official launch on June 12, 2025. As the only physically-deliverable, U.S. dollar-denominated gold futures contract based in Asia's primary trading center of Singapore, this product provides a regionally relevant tool for price discovery, hedging, and delivery, and offers global access to a contract designed for today's trade flows. The Abaxx Gold Singapore Futures contract is a USD-denominated, kilobar-sized product aligned with the format preferred by the regional physical bullion trade. Deliverable into approved vaults in Singapore, the contract is purpose-built to serve refiners, industrial consumers, banks, and physical traders seeking to hedge kilobar transactions in Asia's key delivery hub. The launch comes at a time when gold prices are reaching record highs and demand for regional price transparency is growing. Abaxx Gold Singapore Futures saw active trading during their first two trading sessions. Eight market makers participated, including firms from Singapore, Hong Kong, London and Thailand, with more market makers and commercial firms expected to connect in the coming weeks. "KGI Securities Singapore is delighted to be cleared for trading on the Abaxx Gold Singapore Futures contract,' said Ken Ong, CEO of KGI Securities Singapore. ' This new offering directly addresses the growing demand for regional price transparency and a physically-deliverable gold product tailored for the Asian market. We are excited to facilitate access for our clients to this critical new instrument and to further strengthen our commitment to providing comprehensive solutions in the commodities market.' 'We congratulate Abaxx on the launch of their Gold Futures contract,' said Golf Hirunyasiri, CEO, MTS Gold Group. 'MTS Gold is pleased to be the first physical market participant committed to supporting delivery under Abaxx's Gold Futures contract. We are excited about the synergy and participation and wish Abaxx continued success.' The Abaxx Gold Singapore Futures contract is available for trading 14 hours per day, Monday through Friday. For full contract specifications and onboarding information, visit 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 Pte. Ltd., 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. For more information about this press release, please contact: Steve Fray, CFO Tel: +1 647-490-1590 Media and investor inquiries: Abaxx Technologies Inc. Investor Relations Team Tel: +1 246 271 0082 E-mail: ir@ Cautionary Statement Regarding Forward-Looking Information This press release includes certain 'forward-looking statements' and 'forward-looking information' (collectively, 'forward-looking statements') within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'believe', 'anticipate', 'estimate', 'project', 'intend', 'expect', 'may', 'will', 'plan', 'should', 'would', 'could', 'target', 'purpose', 'goal', 'objective', 'ongoing', 'potential', 'likely' or the negative thereof or similar expressions. In particular, this press release contains forward-looking statements including, without limitation, statements regarding the potential benefits and impact of the Gold Kilobar Futures contract and Abaxx Spot platform, the Company's business strategies, plans, and objectives, the development of new markets and products, expectations regarding Abaxx's partnerships, demand for Abaxx's products and market adoption and regulatory approvals. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx's limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx's products and operations; the ability to list Abaxx's securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains, and the risk factors identified in the Company's most recent management discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx's normal course of business. Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.
Yahoo
6 days ago
- Business
- Yahoo
Abaxx Confirms Active Trading in Gold Singapore Futures Following Launch
TORONTO, June 15, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE: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'), and producer of the SmarterMarkets™ Podcast, today announced active trading in its physically-deliverable Gold Singapore Futures following the product's official launch on June 12, 2025. As the only physically-deliverable, U.S. dollar-denominated gold futures contract based in Asia's primary trading center of Singapore, this product provides a regionally relevant tool for price discovery, hedging, and delivery, and offers global access to a contract designed for today's trade flows. The Abaxx Gold Singapore Futures contract is a USD-denominated, kilobar-sized product aligned with the format preferred by the regional physical bullion trade. Deliverable into approved vaults in Singapore, the contract is purpose-built to serve refiners, industrial consumers, banks, and physical traders seeking to hedge kilobar transactions in Asia's key delivery hub. The launch comes at a time when gold prices are reaching record highs and demand for regional price transparency is growing. Abaxx Gold Singapore Futures saw active trading during their first two trading sessions. Eight market makers participated, including firms from Singapore, Hong Kong, London and Thailand, with more market makers and commercial firms expected to connect in the coming weeks. "KGI Securities Singapore is delighted to be cleared for trading on the Abaxx Gold Singapore Futures contract,' said Ken Ong, CEO of KGI Securities Singapore. 'This new offering directly addresses the growing demand for regional price transparency and a physically-deliverable gold product tailored for the Asian market. We are excited to facilitate access for our clients to this critical new instrument and to further strengthen our commitment to providing comprehensive solutions in the commodities market.' 'We congratulate Abaxx on the launch of their Gold Futures contract,' said Golf Hirunyasiri, CEO, MTS Gold Group. 'MTS Gold is pleased to be the first physical market participant committed to supporting delivery under Abaxx's Gold Futures contract. We are excited about the synergy and participation and wish Abaxx continued success.' The Abaxx Gold Singapore Futures contract is available for trading 14 hours per day, Monday through Friday. For full contract specifications and onboarding information, visit About Abaxx TechnologiesAbaxx 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 Pte. Ltd., 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. For more information, visit | | | | For more information about this press release, please contact: Steve Fray, CFOTel: +1 647-490-1590 Media and investor inquiries: Abaxx Technologies Relations TeamTel: +1 246 271 0082E-mail: ir@ Cautionary Statement Regarding Forward-Looking Information This press release includes certain 'forward-looking statements' and 'forward-looking information' (collectively, 'forward-looking statements') within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'believe', 'anticipate', 'estimate', 'project', 'intend', 'expect', 'may', 'will', 'plan', 'should', 'would', 'could', 'target', 'purpose', 'goal', 'objective', 'ongoing', 'potential', 'likely' or the negative thereof or similar expressions. In particular, this press release contains forward-looking statements including, without limitation, statements regarding the potential benefits and impact of the Gold Kilobar Futures contract and Abaxx Spot platform, the Company's business strategies, plans, and objectives, the development of new markets and products, expectations regarding Abaxx's partnerships, demand for Abaxx's products and market adoption and regulatory approvals. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx's limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx's products and operations; the ability to list Abaxx's securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains, and the risk factors identified in the Company's most recent management discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx's normal course of business. Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press in to access your portfolio
Bloomberg
12-06-2025
- Business
- Bloomberg
Gold Market Competition Heats Up as Industry Meets in Singapore
The start of a gold-futures contract in Singapore has put the spotlight on fresh moves in Asian financial hubs to capitalize on rising interest in the commodity as demand increases and prices surge. The BlackRock Inc.-backed Abaxx Exchange began offering a US dollar-denominated futures contract, sized at 1 kilogram (32.15 troy ounces) and locally deliverable, on Thursday. The move will be among developments highlighted at an industry conference organized by the Singapore Bullion Market Association that'll take place in the city-state over three days from Sunday.
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Abaxx Singapore Achieves ISO/IEC 27001:2022 Certification for Information Security Management
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (' Abaxx ' or the ' Company '), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte. Ltd. (' Abaxx Singapore '), the owner of Abaxx Commodity Exchange and Clearinghouse (individually, ' Abaxx Exchange ' and ' Abaxx Clearing '), and producer of the SmarterMarkets™ Podcast, today announced that Abaxx Singapore has achieved ISO/IEC 27001:2022 certification for its Information Security Management System (ISMS). The certification confirms that Abaxx Singapore's exchange and clearing infrastructure meets internationally recognized standards for securing data, managing risk, and supporting operational resilience. The certification was awarded by Prescient Security, an independent global cybersecurity firm specializing in information security audits, compliance assessments, and penetration testing. ISO/IEC 27001:2022 is the global standard for information security management systems (ISMS), providing a framework for managing data security risks across people, processes, and technology. It is jointly published by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). As part of the certification process, Abaxx Singapore underwent a comprehensive audit of its IT systems, risk management protocols, and governance controls. The review confirmed alignment with global best practices for establishing, maintaining, and continually improving information security management frameworks. 'Achieving ISO/IEC 27001:2022 certification demonstrates that our exchange and clearing infrastructure aligns with the highest global standards for information security,' said Nancy Seah, CEO of Abaxx Exchange. 'For market participants, it provides assurance that the systems supporting trade execution, clearing, and data protection are built on a secure and resilient foundation. It also supports onboarding and ongoing operations with global institutions that require independently audited controls for risk, compliance, and business continuity.' 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 indirect majority shareholder of Abaxx Singapore Pte. Ltd., 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. For more information about this press release, please contact: Steve Fray, CFO Tel: +1 647 490 1590 Media and I nvestor inquiries: Abaxx Technologies Inc. Investor Relations Team Tel: +1 647 490 1590 E-mail: ir@ Cautionary Statement Regarding Forward-Looking Information This press release includes certain 'forward-looking statements' which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx's future plans, objectives, or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'seeking', 'should', 'intend', 'predict', 'potential', 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', 'continue', 'plan' or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward- looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information related to Abaxx in this press release includes, but is not limited to: Abaxx's objectives, goals or future plans; focus on risk management; and development of secure infrastructure. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx's limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx's products and operations; the ability to list Abaxx's securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; changes in the price of commodities; capital market conditions; and restriction on labor and international travel and supply chains in addition to the risk factors identified in the Company's most recent management discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx's normal course of business. Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward- looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.
