Abaxx Technologies Inc. (CBOE: ABXX)(OTCQX: ABXXF), a leading financial software and market infrastructure company, and the indirect majority shareholder of Abaxx Singapore Pte. Ltd., announced the launch of a new gold trading infrastructure in Singapore. This includes the introduction of a physically-deliverable Gold Kilobar Futures contract on the Abaxx Commodity Futures Exchange, alongside the opening of Abaxx Spot, a physically-allocated gold trading platform.
This initiative represents the first time that spot and futures markets for gold are co-located in a single region, specifically tailored to the kilobar format favored across Asia’s bullion market. By integrating physical and futures settlements within the same locale, Abaxx aims to reduce fragmentation in global gold trading and better align futures and spot markets with actual gold trading, storage, and settlement practices.
The new Abaxx Gold Singapore Futures contract is denominated in U.S. dollars and based on 1-kilogram, 9999-purity gold bars—standard in Asia’s bullion trade. Physical delivery is made through approved vaults located in Singapore, establishing a regionally anchored benchmark for transparent price discovery, risk management, and physical settlement in one of the world’s busiest gold trading centers.
Trading hours are set for 14 hours daily, Monday through Friday. For detailed contract specifications, onboarding procedures, and a list of authorized clearing firms and brokers, visit abaxx.exchange.
