Abaxx Exchange Completes First Physical Delivery Under Gold Singapore Futures Contract

Executive Summary

• Abaxx Technologies announced the successful first physical delivery under its Abaxx Gold Singapore Futures contract, marking the inaugural gold futures position on Abaxx Exchange to be settled in metal.
• The delivery was executed between MTS Gold Group and Kilo Capital, cleared by StoneX Financial Pte. Ltd. and KGI Securities (Singapore) Pte. Ltd., with inventory transfer facilitated through Abaxx Spot.
• This milestone demonstrates the contract’s functionality as a regionally anchored benchmark for price discovery and risk management in the Asian physical gold market, enhancing liquidity and transparency for participants.

Key Details

• Contract: Abaxx Gold Singapore Futures (Feb 2026) – physically settled.
• Parties Involved:
• Seller: MTS Gold Group
• Buyer: Kilo Capital
• Clearing Members: StoneX Financial Pte. Ltd., KGI Securities (Singapore) Pte. Ltd.
• Inventory Transfer Platform: Abaxx Spot.
• Significance: First gold futures position on Abaxx Exchange carried through to physical delivery; first spot‑inventory transfer linked to a futures settlement on the platform.
• Operational Impact: Validates Abaxx Exchange’s ability to provide a benchmark for Asian gold price discovery and commercial risk management, supporting future growth of physically settled commodity contracts (energy, environmental, battery materials, precious metals).
• Quotes:
• Lian Tuck Lee, Head of Listed Derivatives, Asia, StoneX – highlighted the milestone as “important” for expanding access and deepening liquidity.
• Ken Ong, CEO, KGI Securities (Singapore) – emphasized the delivery’s role in bridging futures trading with physical gold markets in Singapore.
• Mr Nuttapong Hirunyasiri, CEO, MTS Gold Group – noted pioneering participation and commitment to market development.
• Wade Brennan, CEO, Kilo Capital – described the contract as a tool for hedging kilobar inventory exposures and aligning financing with Asian physical flows.
• Launch Context: The Abaxx Gold Singapore Futures contract was launched in June 2025 as part of a broader suite of futures across energy, carbon, battery materials, and precious metals.

Notable Quotes

“StoneX is proud to be the first clearing member to complete a physical delivery on Abaxx Exchange… This new achievement reinforces our commitment to expanding access, deepening liquidity, and delivering best‑in‑class hedging and risk‑management solutions for StoneX clients globally.” – Lian Tuck Lee, Head of Listed Derivatives, Asia, StoneX Financial Pte. Ltd.

“This milestone validates the importance of a regionally anchored, physically settled gold benchmark… empowering our clients with transparency and security.” – Ken Ong, CEO, KGI Securities (Singapore) Pte. Ltd.

“The Abaxx Gold Singapore Futures contract gives us direct tools to hedge kilobar inventory exposures…” – Wade Brennan, CEO, Kilo Capital.