Ms. Nancy Seah reports

ENWEX U.K. ONSHORE WIND FUTURES NOW LIVE FOR TRADING ON ABAXX EXCHANGE

Trading has commenced in Enwex U.K. Onshore Wind (UWM) futures, the second contract in Abaxx Technologies Inc.'s Abaxx Exchange's growing suite of weather derivatives.

Following the launch of Enwex German Onshore Wind Futures, the United Kingdom contract addresses the unique risk profile of one of Europe's most wind-dependent power markets, where Atlantic weather patterns and seasonal variability create substantial generation volatility. The launch creates the first exchange-listed benchmark for managing U.K. wind-generation variability through a financially settled futures contract indexed to the country's installed capacity.

The contract is a pound-sterling-denominated, financially settled product indexed to Enwex Wind U.K., a forecast-based index that translates wind speed at 100 metres into standardized generation utilization rates, expressed in pounds sterling/megawatt-hour.

"As wind capacity grows globally, markets need regional benchmarks that reflect local weather patterns," said Nancy Seah, chief executive officer of Abaxx Exchange. "We're introducing smarter weather markets with exchange-traded instruments designed for the specific dynamics that drive generation risk in each region."

"The U.K. launch demonstrates how the Enwex methodology for standardizing weather is scalable across markets," said Robin Girmes, founder and CEO of Enwex. "It creates an opportunity to transfer volumetric risk from renewable generation into broadly accepted, exchange-traded products that the market can price and manage."

"It's encouraging to see Abaxx follow its recent German wind launch with a U.K. wind product," added Tim Boyce, head of weather derivatives, Europe, Middle East and Africa, at TP ICAP. "This move is another positive step toward increasing market accessibility across a multitude of industries and underpins Abaxx's long-term commitment to the further development of weather markets."

Abaxx's Enwex U.K. Onshore Wind (UWM) futures are available for trading from 1,000 to 2,400 SGT (14 hours), Monday to Friday, except for Singapore public holidays.

About Abaxx Technologies Inc.

Abaxx Technologies is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition.

In addition to developing and deploying the next generation of digital market infrastructure that reconciles law, identity and technology to enable real-time collateral mobility, Abaxx is the majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiaries Abaxx Spot Pte. Ltd. and Adaptive Infrastructure.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally cleared, physically deliverable futures contracts in LNG (liquefied natural gas), carbon, battery materials and precious metals, meeting the commercial needs of today's commodity markets and establishing the next generation of global benchmarks.

Abaxx Spot modernizes physical gold trading through a physically backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers and is designed to support physical delivery for Abaxx Exchange's physically deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

Adaptive Infrastructure closes critical gaps in posttrade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement and transfer agency services designed to reduce risk and improve reliability across asset classes.

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