Mr. Steve Fray reports

VELOCITY TRADE AND KILO CAPITAL EXECUTE FIRST TRADES IN ABAXX SPOT GOLD POOL

The first trades in Abaxx Technologies Inc.'s Abaxx Spot Gold Pool have been executed between Velocity Trade and Kilo Capital.

"We're pleased to have participated in the first physical gold spot trade on Abaxx Spot," said Spencer Davey, managing director, Asia Pacific, at Velocity Trade. "Abaxx offers a compelling platform as the market evolves, particularly against the backdrop of broader efforts, to position Singapore as a trusted gold hub. Velocity Trade looks forward to playing its part in these developments."

"As a U.S.-based firm active in global physical gold markets, accessing Asian trade flows has traditionally required navigating fragmented relationships across regions," said Wade Brennan, chief executive officer of Kilo Capital. "Abaxx Spot provides an important new channel to transact with a broader universe of customers beyond our existing bilateral relationships in a single venue."

Abaxx Spot Pte. Ltd. (1) serves physical market participants -- including refiners, bullion dealers, jewellers, banks and family offices -- seeking direct access to kilobar gold trading and inventory management. Based in Singapore, the platform provides global access to physical gold in the format preferred across Asia in a transparent manner, co-located with Abaxx Exchange's Gold Singapore futures -- ensuring convergence of futures to spot prices.

(1) Abaxx Spot is a registered dealer under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019, and is exempted from holding a spot commodity broker licence under the Commodity Trading Act 1992. Abaxx Spot is not regulated by the Monetary Authority of Singapore as a financial institution, but operates in compliance with the regulatory framework established by the PSPM act.

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 faced 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, the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiary Abaxx Spot.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally cleared futures contracts, including physically deliverable and financially settled products, in liquefied natural gas, carbon, battery materials, precious metals and weather-indexed renewables, 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 and 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.

We seek Safe Harbor.