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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

Abaxx Exchange Completes First Physical Delivery Under Gold Singapore Futures Contract

By The Northwire Desk — AI Analysis Feb 24, 2026 · 07:00 ABXX · 40.65 ABAXX TECHNOLOGIES INC.
ABXX · Price

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.

Read the original news release →

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