Abaxx to Pilot Digital Title Framework for Tokenized-USD Money Market Funds, Targeting Legal Finality and Identity Gaps in Real-Time Collateral
TORONTO, July 29, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announces the completion of a pre-feasibility study on the use of tokenized money market funds (MMFs) as financial collateral using Abaxx’s proprietary ID++ and Private Digital Title technologies.
Building on its Q4 2025 gold-backed collateral pilot, the Company is now advancing discussions with institutional partners to conduct a second pilot transaction in Q4 2025. This next phase will test how tokenized MMF shares — when paired with Abaxx’s legal and identity infrastructure — can serve as legally enforceable, real-time collateral in regulated markets. The results will inform a full feasibility study and lay the foundation for the Abaxx USD Trust Network, as further detailed below.
Key Features of the Second Pilot
- Introduces the Abaxx USD Trust Network — a legal-first infrastructure designed to turn tokenized MMF shares into identity-anchored, legally enforceable digital assets, thereby potentially solving the core challenge of real-world asset tokenization and unlocking access to the multi-trillion-dollar High-Quality Liquid Assets (“HQLA”) collateral market¹.
- Implements Abaxx’s ID++ and Private Digital Title technologies to issue digital documents of title designed to preserve confidentiality while meeting global legal standards, including the United Nations Commission on International Trade Law (“UNCITRAL”) Model Law on Electronic Transferable Records (“MLETR”).
- Addresses legal finality and the 'insolvency gap' — the legal uncertainty that can arise when assets are held across different jurisdictions, a critical conflict of laws between legal regimes that threatens settlement finality of USD blockchain “tokens” when used in regulated clearing activities, including ability to access collateral with legal certainty in a default.
- Provides a privacy-preserving alternative to public ledger models, removing a key barrier to institutional adoption by keeping transaction data confidential from unrelated intermediaries, while still enabling regulatory compliance and capital-efficient collateral management.
“The race to tokenize MMFs and the growth of stablecoins have rightly focused on efficiency gains, but they often sidestep the most critical challenge: the legal certainty required by regulated holders,” said Josh Crumb, Founder and CEO of Abaxx. “The ability to reduce settlement risk in atomic Delivery-Versus-Payment (“DvP”) transactions and unlock capital trapped in legacy T+1 cycles is transformative, but those benefits are an illusion without a trusted identity layer and enforceable title. The Abaxx Private Digital Title framework is architected to solve this by embedding identity and legal clarity directly into the asset — creating a truly native digital instrument with the integrity required to serve as high-quality collateral in institutional markets. This pilot is the next step in our mission to build smarter markets.”
A New Framework for Digital Collateral
Abaxx’s vision is to re-engineer the relationship between financial assets and risk management in global markets. To support this transformation, the Company has developed multi-layered market infrastructure designed to connect tokenized and traditional assets to collateral workflows — anchored by Abaxx’s regulated market infrastructure and proprietary ID++ Technology and suite of console applications, including Verifier+, Abaxx Messenger, Abaxx Sign, and Abaxx Drive.
This integrated infrastructure addresses two persistent barriers to real-time finance: limited collateral mobility and the high cost of managing counterparty and legal risk across borders — the default condition when transacting in global commodity markets. Abaxx’s Private Digital Title system embeds legal ownership and verifiable identity directly into the asset through digitally-issued documents of title, offering an enforceable alternative to tokenization models that rely on centralized issuance, new legal constructs, or shared ledgers treated only as mirrors of off-chain records.
These architectural decisions are designed to reduce legal and operational friction, shorten onboarding timelines, and support more flexible use of real-world assets as collateral, without compromising regulatory compliance or transaction confidentiality.
This approach directly addresses the challenges highlighted by the Futures Industry Association (“FIA”) which notes the cleared derivatives industry is at an “inflection point” in adopting tokenization to accelerate collateral mobility. As the FIA’s recent whitepaper underscores, achieving real impact requires solutions that solve for legal finality and regulatory interoperability², goals that the Abaxx USD Trust Network is designed to meet through a privacy-preserving, real-time cryptographic legal agreement registry.
“BlackRock CEO Larry Fink recently called the tokenization of stocks and bonds the future of markets³ — and he’s right. But that future depends on solving two core challenges: identity authenticity and legal certainty,” said Ian Forester, Head of Product at Abaxx. “Trends in digital assets tend to focus on building the next ledger, but the core challenge of tokenization isn’t ledger integrity, it’s liquidity. By perfecting legal claims within the asset itself, our Private Title framework allows for the creation of a composable ‘real time USD’ asset secured by tamper-proof, identity-based signatures that are agnostic to the underlying ledger. This approach not only preserves the rights of parties to transact in private, it builds liquidity through trust that is backed by the rule of law.”
About the Pilot and Feasibility Study
The planned Q4 2025 pilot for the Abaxx USD Trust Network will test the full lifecycle of a tokenized MMF share, with the objective of demonstrating atomic settlement and establishing unequivocal legal finality.
The pilot will exclusively use MMFs that are compliant with SEC Rule 2a-7, target a stable $1.00 value per unit, and invest in high-quality assets like U.S. Treasury bills and repurchase agreements.
Findings of the pilot will inform a full feasibility study and may deliver a comprehensive legal and operational package for regulators and asset management partners, subject to regulatory approvals and compliance requirements.
¹ “Collateral supply, demand and mobility,” Securities Finance Times, June 5, 2024.
² “Accelerating the velocity of collateral: The potential for tokenisation in cleared derivatives markets,” Futures Industry Association, June 2025.
³ “Tokenization of the market, from stocks to bonds to real estate is coming, says BlackRock CEO Larry Fink, if we can solve one problem,” CNBC, April 12, 2025.
About Abaxx Technologies
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, 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.
For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media
For more information about this press release, please contact:
Steve Fray, CFO
Tel: +1 647-490-1590
Media and investor inquiries:
Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech
Cautionary Statement Regarding Forward-Looking Information
This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “purpose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.
In particular, this press release contains forward-looking statements including, without limitation, statements regarding the key features and potential results, benefits and market impact of the second pilot transaction, The advancement of discussion with institutional partners to conduct a second pilot transaction in Q4 2025 and a full feasibility study, the scope of the next phase of testing, the potential for the results of second pilot transaction to information a full feasibility study and lay the foundation for the Abaxx USD Trust Network, statements with respect to the Abaxx USD Trust Network and the potential solutions and access this will provide, that the tokenization of stocks and bonds are the next generation of markets and the dependency on the foregoing is based on the identified challenges, that the second pilot will exclusively use MMFs that are compliant with SEC Rule 2a-7, target a stable $1.00 value per unit, and invest in high-quality assets like U.S. Treasury bills and repurchase agreements, that the findings of the pilot may deliver a comprehensive legal and operational package for regulators and asset management partners, the Company’s business strategies, plans, and objectives, the development of new markets and products, expectations regarding Abaxx’s partnerships, demand for Abaxx’s products and market adoption and regulatory approvals. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.
Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.
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