Northwire Canada EditionSaturday, October 17, 2026
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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Production / Operations Routine +

Velocity Trade and Kilo Capital Execute First Trades in Abaxx Spot Gold Pool

Abaxx Spot Gold Pool Validates Physical Settlement Ecosystem as Volume Growth Accelerates

By The Northwire Desk — AI Analysis Apr 28, 2026 · 07:00 ABXX · 54.75 ABAXX TECHNOLOGIES INC.
Executive Summary
  • Abaxx Technologies announced the execution of the first physical gold spot trades within the Abaxx Spot Gold Pool on April 28, 2026.
  • The inaugural trades were conducted between Velocity Trade and Kilo Capital, two established market participants in the precious metals sector.
  • The Abaxx Spot platform is designed to provide global access to kilobar gold trading and inventory management, co-located with Abaxx Exchange’s Gold Singapore futures to ensure price convergence.
  • Regulatory status confirms Abaxx Spot Pte. Ltd. is a registered dealer under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 in Singapore.
  • Management quotes highlight the platform's role in positioning Singapore as a trusted gold hub and providing a new channel for US-based firms to access Asian trade flows without fragmented relationships.
Material Impact
  • The news represents operational validation of the Abaxx Spot infrastructure rather than a fundamental shift in business model or valuation drivers.
  • This follows a logical progression from the February 24, 2026 milestone where the first physical delivery under Gold Singapore Futures was completed between MTS Gold Group and Kilo Capital.
  • Trading volume data from March 23, 2026 showed Q1 2026 total volume reached 149,779 contracts (55% increase vs Q4 2025), indicating growing liquidity that supports the Spot Pool activity.
  • The event is expected given the platform launch timeline and previous regulatory registrations; it confirms execution capability but does not introduce new revenue streams or capital raises.
  • No surprise catalysts are present in this release compared to the October 2025 financing ($22M) or November 2025 MSCI Index inclusion, which had broader market implications.
ABXX · Price
Company Overview
  • Company: Abaxx Technologies Inc. builds digital market infrastructure including Abaxx Exchange, Abaxx Clearing, and Abaxx Spot.
  • Flagship Project: Abaxx Exchange focuses on physically deliverable futures contracts in LNG, carbon, battery materials, precious metals (Gold Singapore), and weather-indexed derivatives (Enwex).
  • Development Status: The exchange is revenue-generating with multiple product listings live across energy, environmental, and commodities sectors.
  • Key Initiatives:
  • Abaxx Spot Gold Pool for physical kilobar trading.
  • Enwex Weather Derivatives suite covering Germany, UK, Netherlands, France, Spain, and ERCOT (US).
  • Digital Title technology for tokenized collateral mobilization (Gold, Money Market Funds).
  • Market Position: Aims to provide standardized benchmarks for renewable energy risk management and physically settled commodity trading in Asia and Europe.
Read the original news release →

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