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Abaxx Technologies Inc. (NEO: ABXX, OTCQX: ABXXF) is a cutting-edge financial software company focused on creating proprietary technological infrastructure for global commodity exchanges and digital marketplaces. The company, based in Toronto, is the majority shareholder of Abaxx Singapore Pte. Ltd., which operates the Abaxx Commodity Exchange (ACX). Abaxx's technology aims to increase transaction velocity, enhance data security, and improve risk management. The company's key offerings include SmarterMarkets™, a media platform that fosters conversations on market redesign and technology for societal benefit.
One of Abaxx's noteworthy achievements is the success of its SmarterMarkets™ podcast, which has surpassed 1 million downloads. The podcast has garnered a following among industry leaders, with 72% of listeners holding Director-level positions or higher in sectors like Energy, Financial Services, and Technology. Guests include entrepreneurs, icons, and executives who discuss market inadequacies and innovative solutions.
Recently, Abaxx has been making strides in regulatory approvals. The company has submitted initial contract specifications for carbon futures to the Monetary Authority of Singapore (MAS) and is preparing to launch various LNG futures contracts. These regulatory milestones are crucial for the Abaxx Exchange and Clearing to become operational as a Registered Market Operator (RMO) and Approved Clearing House (ACH) under MAS.
In January 2024, Abaxx announced that StoneX Financial Pte Ltd had become the first approved clearing and trading member of the Abaxx Exchange and Clearing, offering clients access to physically-deliverable futures contracts. This partnership underscores Abaxx's commitment to providing robust risk management tools and market price discovery for commodities essential to the energy transition.
Abaxx is also a founding shareholder in Base Carbon Corp., a company focusing on sustainable carbon solutions. The company's forward-looking approach in technological innovation and regulatory compliance positions it well for future growth in the global commodity and digital marketplace sectors.
For the latest updates and more information, visit abaxx.tech, abaxx.exchange, and smartermarkets.media.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) has completed its strategic partnership transaction with Abaxx Technologies (Cboe CA: ABXX). Through this deal, Abaxx increases its ownership in MineHub from 10.83% to 19.87%. The transaction involves MineHub receiving 237,192 Abaxx shares in exchange for issuing 8,810,000 MineHub shares at C$0.35 per share. Haywood Securities, acting as financial advisor, received 516,530 MineHub shares at C$0.35 per share. The MineHub shares issued carry a four-month hold period, while the Abaxx shares received under their December 20, 2024 prospectus supplement have no hold period.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has completed the second tranche closing of its strategic partnership with Abaxx Technologies Inc. (CBOE: ABXX) (OTCQX: ABXXF). In this transaction, MineHub received 109,583 Abaxx shares in exchange for issuing 4,166,666 MineHub shares to Abaxx at a deemed price of C$0.30 per share. The Abaxx shares received by MineHub have no hold period under securities laws, while the MineHub shares issued to Abaxx have a four-month and one-day hold period. Additionally, MineHub issued 481,975 common shares to Haywood Securities Inc., their financial advisor for the transaction, at the same deemed price of C$0.30 per share.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has entered into a strategic partnership with Abaxx Technologies Inc. (Cboe CA: ABXX) (OTCQX: ABXXF) to drive digitization in the physical commodities markets. The partnership involves a share exchange agreement where Abaxx will acquire a 10.9% ownership interest in MineHub. Key aspects of the collaboration include:
1. Exploring data integration between Abaxx and MineHub digital tools
2. Partnering to enter new commodities markets
3. Leveraging Abaxx's ID++ identity protocol
4. Enhancing sustainability reporting and traceability
5. Enabling efficient hedging by bridging physical and financial commodities data
The share exchange involves MineHub issuing 8,333,333 common shares and 8,600,000 warrants to Abaxx, while receiving up to 219,167 Abaxx common shares. The transaction is expected to close around August 15, 2024, subject to regulatory approvals.
Trading Technologies International announced the launch of day-one connectivity to Abaxx Exchange, a Singapore-based global commodity futures exchange. Clients can now access Abaxx’s energy and carbon derivatives contracts via the TT® platform. The exchange, launched on June 28, featured its first trade executed by StoneX Financial. Abaxx offers five new commodity benchmark futures contracts, aiding market participants in energy transition strategies with improved price discovery and risk management tools. Alun Green, TT's EVP, emphasized their commitment to providing access to major derivatives markets. Dan McElduff, Abaxx President, highlighted the collaboration's benefits in meeting energy transition needs and unlocking low-carbon economy investments. Recently, TT also connected to the European Power Exchange, enhancing its power trading capabilities globally.
Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) has submitted an initial Notification of Impending Listing of Futures Contracts to the Monetary Authority of Singapore. This submission includes specifications for carbon futures, aimed at fulfilling regulatory requirements for the Voluntary Carbon Market. Additionally, the company is in the final stages of developing LNG futures contracts. The launch of these products is subject to regulatory approvals. Abaxx emphasizes its goal to enhance price transparency and risk management for energy commodities.
Abaxx Technologies Inc. (OTCQX: ABXXF) announced that its podcast platform, SmarterMarkets™, has surpassed 1 million downloads. This media initiative aims to redesign markets and technology to better serve society, featuring insights from industry leaders. Notably, 72% of listeners hold Director-level positions, with 55% working in key sectors like Energy and Financial Services. The podcast initiates critical conversations on market efficiency and energy transition, reinforcing Abaxx's commitment to developing infrastructure for global commodity exchanges.
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