Abaxx Exchange Completes First Physical Gold Delivery in Singapore
Event summary
- Abaxx Exchange completed its first physical delivery under the Gold Singapore Futures contract on February 24, 2026.
- The transaction involved MTS Gold Group and Kilo Capital, with clearing services provided by StoneX and KGI Securities.
- This marks the first gold futures position on Abaxx Exchange carried through to physical delivery.
- The contract was launched in June 2025 as part of Abaxx Exchange’s suite of futures contracts.
The big picture
This milestone underscores the growing importance of regionally anchored, physically settled benchmarks in the Asian gold market. The successful delivery highlights the potential for Abaxx Exchange to enhance transparency and efficiency in cross-border gold trading, aligning with broader trends in commodity market infrastructure. The involvement of major players like StoneX and KGI Securities signals confidence in the platform's ability to facilitate commercial risk management and price discovery in the region.
What we're watching
- Market Adoption
- How quickly Abaxx Exchange can attract more participants to its physically settled gold futures contract.
- Liquidity Growth
- Whether the successful delivery will boost liquidity and establish the contract as a regional benchmark.
- Regional Expansion
- The pace at which Abaxx can expand its physically settled futures contracts into other Asian markets.