Abaxx Technologies Inc. Secures Key Licenses in Singapore, Paving the Way for Revolutionary Commodity Exchange and Clearinghouse

  • 8. December 2023

December 8, 2023 [crocon media – msch] In a significant development for the global commodities market, Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) has received approval from the Monetary Authority of Singapore (MAS) for its subsidiaries, Abaxx Clearing Pte Ltd. and Abaxx Exchange Pte Ltd., to operate as an Approved Clearinghouse (ACH) and Recognised Market Operator (RMO), respectively. This move is set to revolutionize the way futures and options contracts are listed, traded, and settled globally.

Transformative Impact on Global Commodities Markets

The granting of these licenses to Abaxx Singapore’s subsidiaries is a game-changer. It allows for the establishment of a regulated marketplace that not only provides a venue for listing and trading futures and options contracts but also offers centralized clearing and settlement services. This development is particularly crucial for the global energy transition, offering new exchange market infrastructure to support a lower-carbon economy.

A New Era of Commodity Futures Markets

Abaxx Technologies’ approach to commodity futures markets is set to address the gaps left by legacy commodities futures exchanges. With the global energy and resource supply chains undergoing significant changes, Abaxx’s innovative solutions offer market participants new approaches and more competition. This includes the development of new, physically-deliverable contracts for commercial risk management, which are essential in today’s rapidly evolving information technology landscape.

Abaxx Technologies is not just creating a new commodity exchange; it’s also pioneering in technological advancements. The company’s use of deep learning-based AI and a cloud-based distributed manufacturing network is indicative of its commitment to driving improvements in manufacturing capabilities. This technological edge is expected to enhance transaction velocity, data security, and risk management.

Future Prospects and Market Implications

The implications of this development are far-reaching. Abaxx Technologies is poised to become a key player in the global commodities market, offering innovative solutions that could redefine how commodities are traded and settled. This could attract significant interest from various sectors, including aerospace, defense, advanced automotive, and high-tech industrial markets.

The approval of Abaxx Technologies by MAS marks a significant milestone in the evolution of global commodities markets. With its innovative approach and advanced technological infrastructure, Abaxx is well-positioned to lead the charge in transforming the industry and supporting the global energy transition.

Read the press release :


Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The author(s) of this article may or may not hold a position in the mentioned stock. None of the companies discussed in the above article have paid for this content. The information provided in this article should not be considered financial advice, and readers should always do their own research before making investment decisions. However, as with any investment, there are potential risks and uncertainties to consider, such as potential regulatory changes, market volatility, and competition from other players in the industry. It is important for investors to carefully monitor this stock and its performance over time to make informed decisions about their investments. crocon media is a project of The SiLLC Assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances. This article is for informational purposes only and should not be considered financial advice. Investing in stocks involves risk, and readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions.

Follow Us