Mr. Joe Raia reports

CLIMATE IMPACT X APPROVED AS CUSTODIAN FOR ABAXX CARBON FUTURES

Climate Impact X has been approved as an eligible custodian for Abaxx Technologies Inc.'s carbon futures contracts. Participants taking delivery under these contracts can now hold their credits with CIX, giving them an additional route to manage post-trade activity.

Environmental markets remain fragmented, with carbon credits held across multiple registries. This can create operational complexity and added cost for companies moving assets between markets.

With CIX as an approved custodian, clients can leverage its omnibus custodial service and multiregistry connectivity to hold, transfer and retire credits delivered under Abaxx carbon futures, alongside credits from their own spot market activity. This provides greater flexibility, enhances trading efficiency and reduces the need to maintain multiple service provider accounts or relationships.

The arrangement was first utilized on July 1, 2026, to facilitate the transfer and delivery of 120 lots under Abaxx's CORSIA phase 1 futures contract. Each lot represents 100 CORSIA eligible emissions units (EEUs), equivalent to 100 tCO2e (tonnes of carbon dioxide equivalent) of verified emissions reductions or removals.

Ellery Sutanto, chief commercial officer, CIX, said: "We're seeing a broader evolution in environmental markets towards the same connected infrastructure found in established financial markets, and this partnership with Abaxx is an important step in that direction. As these markets mature, a common infrastructure linking carbon futures, and spot markets is key to unlocking deeper liquidity and more efficient price discovery. Giving participants a shared venue and greater choice in how they hold and manage credits will help channel capital more efficiently toward high-integrity climate solutions."

Joe Raia, chief commercial officer, Abaxx Exchange, said: "Market participants need clearer ways to price carbon exposure before they trade, and more efficient ways to manage credits after they do. Abaxx carbon futures are designed to provide a transparent, exchange-traded price signal and CIX's approval as an eligible custodian expands the post-trade choices available to participants taking delivery under those contracts."

This arrangement covers Abaxx's jurisdictional REDD+ and CORSIA phase 1 futures contracts, and forms part of CIX's continuing efforts to build the market infrastructure needed to scale participation. CIX is connected to 12 registries and counting, including the complete network of programs fully approved by the International Civil Aviation Organization (ICAO) for the first compliance phase under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).

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 the company faces as a society, including the energy transformation and the transition to an artificial-intelligence-augmented economy.

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, parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, and founder and creator of Abaxx Labs and the SmarterMarkets podcast.

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.

We seek Safe Harbor.