Mr. Andrea Aranguren reports
MINEHUB COMPLETES INITIAL INTEGRATION OF ABAXX VERIFIER+
MineHub Technologies Inc. and Abaxx Technologies Inc. have obtained the first technical integration of Abaxx's Verifier+ identity application with the MineHub platform.
This integration establishes the technical foundation for the previously announced pilot to use Abaxx private digital title to enable real-time title transfers for in-transit shipments of non-ferrous metals. It marks the first milestone since the companies' September announcement and supports the broader effort to connect physical trade documentation -- such as the bill of lading -- with the financial systems that rely on it, allowing in-transit cargo to function as real-time collateral and improving liquidity and capital efficiency in commodity markets.
"MineHub digitizes and automates post-trade execution across global metals supply chains," said Andrea Aranguren, chief executive officer of MineHub. "This initial integration with Abaxx connects our platforms in preparation for the pilot phase, designed to demonstrate how trusted ownership records can enable new forms of collateral efficiency across the metals trade."
"Where tokenization seeks to recreate markets on a ledger, we're focused on strengthening the legal frameworks that already support them," said Josh Crumb, founder and chief executive officer of Abaxx. "Through our series of digital title pilots -- from precious metals and money market funds to commodities in motion -- we're re-engineering the relationship between physical assets and financial risk management to unlock a $50-trillion (U.S.) opportunity in connecting real-world assets to modern collateral and settlement systems."
Following the technical integration, MineHub and Abaxx are engaging prospective market participants to help shape the upcoming pilot and its commercial use cases. Industry participants interested in learning more about the pilot may contact Esther Babb at ebabb@minehub.com.
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.
About MineHub Technologies Inc.
MineHub is the digital supply chain platform for the commodity markets, making raw material supply chains more efficient, resilient and sustainable. MineHub provides enterprise-grade digital solutions that connect buyers, sellers, laboratories and financiers within physical commodities supply chains in a digitally integrated workflow powered by data that is useable, shareable, verifiable and unforgeable. Users of MineHub solutions are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to disruptions, and provide a better customer service. Global enterprises already use MineHub solutions as part of their logistics, compliance, trade management and financing operations.
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