MineHub, Abaxx partner on in-transit metals collateral

Executive Summary

• MineHub Technologies Inc. and Abaxx Technologies Inc. have announced a joint initiative to extend Abaxx’s private digital title to in-transit shipments of non-ferrous metals, specifically copper and aluminum.
• The collaboration aims to combine MineHub’s post-trade platform and real-time logistics tracking with Abaxx’s secure electronic title instrument to enable real-time title transfers and allow in-transit cargo to be mobilized as collateral.
• The initiative seeks to replace slow, paper-based processes with a legally enforceable digital solution, thereby increasing capital efficiency, reducing counterparty risk, and enhancing transparency in commodity markets.

Key Details

• Parties Involved: MineHub Technologies Inc. (provider of post-trade execution and logistics tracking) and Abaxx Technologies Inc. (provider of private digital title solutions).
• Core Objective: To enable real-time title transfers for in-transit shipments of non-ferrous metals (copper and aluminum) by integrating Abaxx’s digital title with MineHub’s supply chain data.
• Technology Integration:
  • Abaxx Private Digital Title: A cryptographically secured electronic instrument that embeds verifiable identity, preserves privacy, and ensures legal enforceability.
  • MineHub Platform: Utilizes GPS and AIS satellite-powered tracking capabilities, leveraging direct data from shipping lines, trucking brokers, rail lines, and logistics partners for real-time cargo verification.
• Strategic Goal: To mobilize in-transit cargo as collateral, transforming inventory from untapped collateral into a real-time financial resource and driving greater efficiency and trust across the industry.
• Previous Pilots: This initiative builds upon Abaxx’s prior commercial use cases in gold and money market funds (MMF), which demonstrated how physical gold and MMF shares could be used as collateral for financing and liquidity.
• Testing Scope: Early-stage testing will assess the integration of Abaxx’s identity and console applications (Verifier+ and Messenger, powered by the ID++ protocol) into MineHub’s logistics workflows to enhance secure collateralization of base metals.
• Key Inventory Location: The partnership aims to leverage MineHub’s role as a trusted authority at key inventory locations, such as the Port of Panama City, where its platform serves as the single source of truth for digital truck bills of lading.

Notable Quotes

• Andrea Aranguren, CEO of MineHub: "We are excited about the launch of this initiative, which marks a significant step forward in the powerful partnership between Abaxx and MineHub. By combining Abaxx's innovative digital title solutions with MineHub's unique expertise in digitizing commodity supply chains, we are poised to revolutionize how non-ferrous metals are traded and financed, driving greater efficiency, transparency and trust across the industry."
• Josh Crumb, CEO of Abaxx Technologies: "Expanding private digital title to in-transit metals is a natural next step in our mission to modernize collateral. By working with MineHub, we're exploring how the integrity of physical shipments can be matched with a secure, legally enforceable digital title -- opening new pathways to liquidity and greater capital efficiency."