Abaxx Launches First Physically Deliverable USD Gold Futures in Asia
Abaxx Technologies Inc., a financial software and market infrastructure innovator and majority shareholder of Abaxx Singapore Pte Ltd., today announced the successful launch and active trading of its physically-deliverable Gold Singapore Futures product. Trading commenced on June 12, 2025, marking a major milestone in the development of regional commodities markets.
This launch introduces the first physically deliverable, U.S. dollar-denominated gold futures contract in Asia, based in Singapore, the region’s central trading and delivery hub. The contract is designed to provide regionally relevant price discovery, efficient hedging tools, and physical delivery capabilities—tailored specifically for Asia’s dynamic bullion trade.
Purpose-Built for Asia’s Bullion Market
The Abaxx Gold Singapore Futures contract is a USD-denominated, kilobar-sized futures product that aligns with the physical format preferred by refiners, banks, industrial consumers, and precious metals traders across Asia. Delivery is available into approved vaults in Singapore, making the contract a practical solution for those transacting in kilobar gold within the region.
The product’s debut coincides with record-high gold prices and increased global interest in localized, physically settled instruments, as market participants seek alternative price discovery centers outside traditional Western markets.
Strong Opening with Broad Regional Participation
The first two trading sessions saw active participation from eight market makers, spanning key financial centers including Singapore, Hong Kong, London, and Thailand. Market connectivity continues to expand, with additional participants and commercial firms expected to onboard in the coming weeks.
“KGI Securities Singapore is delighted to be cleared for trading on the Abaxx Gold Singapore Futures contract,” said Ken Ong, CEO of KGI Securities Singapore. “This new offering directly addresses the growing demand for regional price transparency and a physically-deliverable gold product tailored for the Asian market.”
“MTS Gold is pleased to be the first physical market participant committed to supporting delivery under Abaxx’s Gold Futures contract,” added Golf Hirunyasiri, CEO of MTS Gold Group. “We are excited about the synergy and participation and wish Abaxx continued success.”
Trading Hours and Contract Specifications
- Trading Hours: 14 hours per day, Monday through Friday
- Contract Size: Kilobar (1,000 grams)
- Currency: U.S. Dollar (USD)
- Delivery Point: Approved vaults in Singapore
The product is available globally through approved market participants and clearing members. Full contract specifications, onboarding procedures, and technical access documentation are available on the Abaxx Exchange website.
Abaxx Technologies
Abaxx Technologies Inc. is a financial software and market infrastructure company. It is the majority shareholder of Abaxx Singapore Pte Ltd., owner of Abaxx Exchange and Abaxx Clearing, which are building new commodity futures markets with next-generation risk and data management tools. Abaxx is also the producer of the SmarterMarkets™ Podcast, a platform exploring the intersection of markets, technology, and sustainability.
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