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Abaxx Technologies Inc N.ABXX

Alternate Symbol(s):  ABXXF

Abaxx Technologies Inc. is a Canada-based financial software and market infrastructure company. The Company is developing and deploying software tools that make communication, trade, and transactions secure. The Company has launched Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. Its products include Abaxx Verifier, Abaxx Drive, Abaxx Messenger, Abaxx Exchange, Abaxx Clearing and Abaxx Infrastructure. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition. The Abaxx Verifier is a secure password, identity and verification application.


NEO:ABXX - Post by User

Comment by Clipper2on Nov 19, 2021 9:12am
302 Views
Post# 34144865

RE:what with the food?

RE:what with the food?
afewdB54 wrote: Anyone know what the hitch is?  Early this year and to big fanfare we were informed of a launch I think in June.  Now is November.  I hope the Company technology and implementation are magnitudes better than the Company's fluency with the pertinent authorities.


Hi afewdB54.

We just need to be patient a little while longer. IMO it will be off big time.
The following is  from James Duade's recent  "Seeking Alpha" article.
 
 
Abaxx received their Approval In Principle from the Monetary Authority of Singapore for their Abaxx Clearinghouse license or "ACH".
Covid related delays for the ACH approval led to a six month delay in the launch of AEX,which was recently pushed from September 2021 to March, 2022
 
Abaxx Technologies has strategically aligned themselves to become one of the key players in this explodingmarket. Abaxx's has developed relationships, ownership stakes, and royalty agreementswith a voluntary carbon credit company called Base Carbon which is set to IPO in Q1 of 2022.
GL

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