Abaxx Tech completes prefeasibility study on MMFs

Executive Summary

• Abaxx Technologies Inc. has completed a prefeasibility study on using tokenized money market funds (MMFs) as financial collateral and is advancing discussions with institutional partners for a second pilot transaction scheduled for Q4 2025.
• The upcoming pilot will test Abaxx's proprietary ID++ and private digital title technologies to determine if tokenized MMF shares can serve as legally enforceable, real-time collateral in regulated markets, addressing legal finality and identity gaps.
• The initiative aims to establish the Abaxx USD Trust Network, a legal-first infrastructure designed to solve the "insolvency gap" and enable privacy-preserving, atomic settlement for high-quality liquid assets (HQLA) in institutional markets.

Key Details

• Pilot Status: Completed prefeasibility study; currently in discussions with institutional partners for the next phase.
• Timeline: Second pilot transaction targeted for Q4 2025.
• Technology Stack: Utilizes Abaxx’s proprietary ID++ and private digital title technologies to issue digital documents of title.
• Legal Framework: Designed to meet global legal standards, specifically the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Electronic Transferable Records (MLETR).
• Core Problem Solved: Addresses "legal finality" and the "insolvency gap" (legal uncertainty when assets are held across different jurisdictions) to ensure settlement finality for US-dollar blockchain tokens in regulated clearing activities.
• Privacy Features: Provides a privacy-preserving alternative to public ledger models, keeping transaction data confidential from unrelated intermediaries while maintaining regulatory compliance.
• Pilot Asset Specifications:
  • Exclusively uses MMFs compliant with Securities and Exchange Commission Rule 2a-7.
  • Targets a stable $1.00 value per unit.
  • Invests in high-quality assets such as U.S. Treasury bills and repurchase agreements.
• Strategic Goal: Results will inform a full feasibility study and lay the foundation for the Abaxx USD Trust Network, aiming to unlock access to the multitrillion-dollar HQLA collateral market.
• Infrastructure Components: The broader framework includes regulated market infrastructure and proprietary console applications: Verifier+, Abaxx Messenger, Abaxx Sign, and Abaxx Drive.

Notable Quotes

• "The race to tokenize MMFs and the growth of stablecoins have rightly focused on efficiency gains, but they often sidestep the most critical challenge: the legal certainty required by regulated holders... The Abaxx private digital title framework is architected to solve this by embedding identity and legal clarity directly into the asset -- creating a truly native digital instrument with the integrity required to serve as high-quality collateral in institutional markets." — Josh Crumb, Founder and CEO
• "Trends in digital assets tend to focus on building the next ledger, but the core challenge of tokenization isn't ledger integrity, it's liquidity. By perfecting legal claims within the asset itself, our private title framework allows for the creation of a composable 'real-time USD' asset secured by tamper-proof, identity-based signatures that are agnostic to the underlying ledger." — Ian Forester, Head of Product