Velocity Trade and Kilo Capital Execute First Trades in Abaxx Spot Gold Pool

TORONTO, April 29 (Bernama) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, indirect majority shareholder of Abaxx Singapore Pte Ltd. (“Abaxx Singapore”), the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced first trades in the Abaxx Spot Gold Pool, executed between Velocity Trade and Kilo Capital.

“We’re pleased to have participated in the first physical gold spot trade on Abaxx Spot,” said Spencer Davey, Managing Director, APAC at Velocity Trade. “Abaxx offers a compelling platform as the market evolves, particularly against the backdrop of broader efforts to position Singapore as a trusted gold hub. Velocity Trade looks forward to playing its part in these developments.”