Mr. Josh Crumb reports

ABAXX DIGITAL TITLE PILOTS ACHIEVE T+0 COLLATERAL MOBILIZATION FOR GOLD AND YIELD-BEARING SECURITIES

Abaxx Technologies Inc. has completed two ID++ Digital Title pilot transactions as the company moves toward commercial deployment.

The two pilot transactions achieved T+0 transfer of ownership of physical gold and money market fund shares, addressing inefficiencies in a $1.4-trillion (U.S.) margin market and $2.5-trillion (U.S.) trade-finance gap. While blockchain tokenization initiatives often highlight the scale of the opportunity to increase the velocity of collateral, many institutional use cases remain constrained by whether digital token formats can deliver the same identity controls, cross-jurisdictional legal certainty and transaction confidentiality that underpin today's regulated markets. Abaxx's Digital Title technology addresses this gap by converting physical commodities and regulated securities into legally enforceable, transaction-ready collateral for margin, and financing within existing legal and regulatory frameworks.

Unlike existing tokenization models that rely on parallel ledgers or bearer instruments tied to offline identity whitelists, Abaxx Digital Title is a fully contained instrument that can be used to transfer ownership under internationally recognized standards, including UNCITRAL's Model Law on Electronic Transferable Records (MLETR), positioning the company to uniquely enable collateral mobility at institutional scale.

Highlights

• Completed a gold-backed Digital Title transaction between an investment firm and a regulated commodity lender that enabled futures-margin financing through repo-financed custodial gold at Abaxx Spot, converting vaulted inventory into transaction-ready digital collateral within regulated market infrastructure.
• Completed a second Digital Title pilot using money market fund shares as collateral, with evidence of legal title to principal value transferring on margin call, while the income yield continued to accrue to the holder -- a superior and more flexible yield structure to stablecoin claims against reserves.
• Together, the pilots demonstrated a legally enforceable mechanism for direct ownership transfer and T+0 collateral mobilization across both physical commodities and regulated securities, addressing a core institutional constraint in posting margin, financing and working-capital deployment.
• Following the successful completion of its first two pilots, Abaxx is pursuing integration of its Digital Title framework into the company's Singapore-regulated futures and clearing ecosystem, subject to meeting all regulatory requirements. To accelerate commercial adoption of this infrastructure, Abaxx is actively engaging with a coalition of Futures Commission Merchants (FCMs), prime brokers and asset managers to align operational workflows, while concurrently finalizing a hybrid monetization framework designed to capture value through recurring SaaS (software-as-a-service) fees for Console access with transaction-based pricing and basis-point participation in assets on network (AoN).
• Additional information on Abaxx's Digital Title pilot program, including a pilot video demonstrating the use of Abaxx Digital Title to mobilize physical gold as collateral, is available on-line.

"Abaxx has engineered a superior infrastructure standard that unlocks the potential of 'Smart Collateral' for the global economy," said Josh Crumb, chief executive officer of Abaxx. "Our proprietary ID++ architecture is the first Digital Title solution capable of turning static commodities and securities into high-velocity, yield-bearing T+0 instruments with legal finality under existing legal frameworks. By integrating digital identity directly into the settlement layer, we remove the friction that traps billions in over-provisioned and slow moving capital. These pilots prove that when you build on a foundation of verified identity and perfected title, you don't just move assets faster -- you fundamentally upgrade the quality of capital itself."

Through executed commercial pilots in physical gold and regulated securities, Abaxx has validated a solution to long-standing inefficiencies in the posttrade movement of collateral.

Physical gold pilot results

In December, the company completed its first Digital Title pilot with an international venture financing firm and a regulated commodity lender, demonstrating how vaulted gold can be converted into transaction-ready collateral to finance cash margin requirements for a gold futures position within existing market structures. The transaction was structured as a repurchase agreement using gold held at Abaxx Spot, with Digital Title enabling T+0 ownership transfer for financing purposes while custody remained unchanged.

The pilot established Abaxx's first legally enforceable Digital Title for physical gold under a bailee structure, providing lenders with direct, enforceable ownership rights against the custodian and enabling immediate financing against vaulted inventory.

Abaxx is pursuing additional bilateral financing transactions, as a part of the company's continuing pilot program, with bullion banks and commodity lenders to extend beyond gold into a broader range of commodities.

Money market fund pilot results

In December, the company completed a second pilot using money market fund shares, in which two entities executed a bilateral gold swap collateralized with approximately $200,000 (U.S.) of BMO Money Market Fund shares (Toronto Stock Exchange: ZMMK) held at a third party custodian.

The pilot proved that Abaxx's Digital Title can provide a legally enforceable and operational mechanism to instantly mobilize money market fund shares for margin and financing. Evidence of legal title transferred immediately on margin call, giving the receiving party direct ownership of the underlying money market fund shares -- rather than a pledged claim exposing them to an insolvency gap -- while the original holder continued to earn yield on the same principal throughout the transaction.

The success of the pilot points to 150 to 275 basis points of potential annual value creation, through reduced intermediary costs and retained yield, across institutional markets, including prime brokers, asset managers and bank treasury desks.

Abaxx is now pursuing additional pilot transactions to evaluate multiparty structures and application of the framework across multiple jurisdictions.

In-transit commodities pilot update

Abaxx continues work on its third announced pilot to mobilize in-transit cargo as collateral, extending the use of Digital Title to bills of lading in order to advance the company's broader effort to increase capital efficiency across commodity markets. This work includes exploring the potential of MineHub Technologies Inc.'s posttrade platform and logistics tracking capabilities for use in concert with Digital Title.

Commercialization update

Following the successful completion of its first two pilots, Abaxx is pursuing integration of its Digital Title framework into the company's Singapore-regulated futures and clearing ecosystem, subject to meeting all regulatory requirements, to bring real-time collateral capabilities into exchange-linked margin processes.

Having demonstrated the capabilities of Abaxx's console suite of applications, including Sign, Messenger, Drive and Verifier+, the company is now advancing the console suite as a unified, identity-anchored operating layer for regulated markets. Built on Abaxx's proprietary ID++ protocol, the system enables privacy-preserving, legally enforceable workflows that replace today's fragmented communications, documentation and verification tools with interoperable applications designed to support Digital Title at institutional scale.

To accelerate network adoption, Abaxx is actively engaging with a coalition of FCMs, prime brokers, bullion banks and institutional asset managers to align operational workflows with market demand. Concurrently, the company is finalizing a comprehensive monetization framework designed to capture value across the full collateral life cycle. This updated business model targets a hybrid revenue stream, combining recurring SaaS-style fees for console access with transaction-based pricing and basis-point participation in assets mobilized or pledged on network (AoN).

In January, 2026, Abaxx Technologies achieved ISO/IEC 27001:2022 certification for its information security management system, strengthening the company's ability to meet institutional security and governance requirements as it engages counterparties and expands commercial deployment of its Digital Title infrastructure.

"Institutional capital demands legal certainty, not just digital speed. While other tokenization models leave holders as unsecured creditors, Abaxx Digital Title functions as cryptographically reconcilable evidence of ownership of the legal instrument itself, helping to close the insolvency gap that has held real time markets back," said Leah Wald, Digital Title lead at Abaxx Technologies. "With this validation, we are moving aggressively to expand the network to the FCMs, prime brokers, custodians and asset managers who are ready to deploy this capital efficiency unlock at scale."

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 financial technologies that make communication, trade, and transactions easier and more secure, 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 subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot.

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 (liquified 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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