Abaxx Confirms Active Trading in Gold Singapore Futures

From GlobeNewswire: 2025-06-15 19:00:00

Abaxx Technologies Inc. has announced the launch of its physically-deliverable Gold Singapore Futures contract. This U.S. dollar-denominated gold futures contract is the only one based in Asia’s primary trading center of Singapore, providing a regionally relevant tool for price discovery, hedging, and delivery. The contract is kilobar-sized and deliverable into approved vaults in Singapore, catering to refiners, industrial consumers, banks, and physical traders in Asia. The launch comes at a time of record-high gold prices and increasing demand for regional price transparency. The Abaxx Gold Singapore Futures contract saw active trading in its first two sessions, with eight market makers participating from various regions. KGI Securities Singapore is one of the firms cleared for trading on this contract, highlighting its importance in providing regional price transparency and a physically-deliverable gold product tailored for the Asian market. MTS Gold Group is the first physical market participant committed to supporting delivery under the Abaxx Gold Futures contract. The contract is available for trading 14 hours per day, Monday through Friday. For more information, visit abaxx.exchange/resources-clearing-members-brokers. Abaxx Technologies is focused on building Smarter Markets by developing and deploying financial technologies that make communication, trade, and transactions easier and more secure. Abaxx Exchange offers centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals to meet the commercial needs of today’s commodity markets. Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore, supporting secure electronic transactions and efficient OTC transfers. For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media. Contact Steve Fray, CFO, at +1 647-490-1590 for more information.



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