Abaxx Exchange registered as foreign board of trade

Mr. Steve Fray reports ABAXX EXCHANGE GRANTED REGISTRATION AS A FOREIGN BOARD OF TRADE BY U.S. CFTC, ENABLING DIRECT PARTICIPATION BY U.S. FUTURES FIRMS The U.S. Commodity Futures Trading Commission has granted Abaxx Technologies Inc.'s Abaxx Commodity Exchange and Clearinghouse registration as a foreign board of trade. The registration permits United States-based futures commission merchants, brokers and trading firms to directly access Abaxx Exchange's regulated markets for the first time, marking a significant milestone in the company's commercial expansion. With this designation, Abaxx's physically deliverable futures markets are open to the world's largest derivatives trading community, accelerating participation across the company's growing suite of benchmark contracts. A new access point for global commodity trade Abaxx's growing suite of centrally cleared commodity futures and derivatives provides better price discovery and risk management tools for the commodities critical to the transition to a lower-carbon economy -- spanning energy, environmental, battery materials and precious metal markets. Abaxx markets include the only physically backed liquefied natural gas forward curves currently trading in the global market; the only physically deliverable, U.S.-dollar-denominated gold kilobar futures contract based in Singapore; the first physically deliverable, U.S.-dollar-denominated lithium carbonate benchmarks outside of China; and the first financially settled contracts indexed to the utilization of installed wind capacity in Germany. Built around the realities of modern commodity trade, each Abaxx benchmark addresses practical challenges that today's market participants face in price discovery, hedging and risk management. "FBOT registration positions Abaxx to bring direct U.S. participation into the commodity benchmarks of the energy transition," said Joe Raia, chief commercial officer at Abaxx Exchange. "With this access, U.S. commercial players can participate in benchmarks anchored in real physical trade flows -- expanding participation and liquidity in Abaxx markets and extending smarter markets to the world's largest futures trading community." "Our clients are increasingly seeking access to regulated venues that reflect the evolution of global commodity trade," added Tom Anderson, senior vice-president, group chief financial officer and chief operating officer at ADM Investor Services. "Abaxx's FBOT registration provides an additional pathway for our U.S. participants to engage with those opportunities." "We welcome Abaxx Exchange's foreign board of trade registration and the access it provides our North American commodity futures clients to trade these new markets," added Randall Fenlon, global co-head of energy, commodities and shipping at BGC Group. Abaxx's full suite of energy, environmental, battery material and precious metal futures is available for trading from 10 a.m. to 12 a.m. Singapore time (14 hours), Monday to Friday, except for Singapore public holidays. About Abaxx Technologies Inc. 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 faced 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 and 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 posttrade 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. We seek Safe Harbor.