Services
The precious metals market, long characterised by complex settlement processes, unallocated accounts, and inefficiencies, is being transformed by Abaxx Spot.
Abaxx Spot is redefining how physical precious metals are traded, held, and transferred, beginning with allocated gold and silver pools designed for greater transparency, efficiency, and market access.
Designed to address the friction of traditional markets, Abaxx Spot offers a secure, transparent, and agile ecosystem for bullion banks, refineries, institutional traders, and new participants alike, to experience smarter precious metals markets.
Services
Deposits
Market participants deposit physical precious metals into an Abaxx vault through either physical delivery, with a verified chain of custody, or internal book transfers from existing vault accounts. Abaxx Spot's Singapore pools support 9999-purity kilobar gold and 1,000 troy ounce silver bars. Brink's is the designated vault operator.
Unlike traditional unallocated accounts, where title is held by intermediaries, Abaxx Spot grants direct legal title to each participant's proportional share of the relevant physical pool. This structure enhances ownership transparency, reduces counterparty exposure, and supports more efficient trading, holding, and transfer of physical precious metals.
Redemptions
Market Participants can redeem their holdings either through physical pickup, with authentication and vault procedures in place, or by transferring metal to another vault account. Redemption processes are designed to ensure accuracy, traceability, and secure handling of the underlying bars.
Transfers
Abaxx Spot supports both Delivery Versus Payment (DVP) and Free of Payment (FoP) transfers between accounts. DVP transfers enable simultaneous settlement of metal and U.S. dollars, validated against available holdings and available funds. This structure reduces settlement risk common in legacy systems. FoP transfers allow for movement of metal without corresponding cash settlement. These transfers are recorded in real time on the Abaxx ledger, providing full traceability and enabling gold to move efficiently across accounts.
Order Matching and Trade Reporting
Abaxx Spot provides electronic order matching for buy and sell orders, with settlement executed on a Delivery Versus Payment (DVP) basis. Over-the-counter (OTC) trades between participants can also be reported to Abaxx Spot for settlement. These reported trades follow the same DVP settlement process, ensuring consistency and reducing bilateral counterparty risk.
Cash Settlement Services
All trades on Abaxx Spot are settled in U.S. dollars through a designated cash custodian bank account. Market Participant deposits and withdrawals are processed with full compliance checks and integrated security protocols. The cash settlement process is designed to integrate smoothly with existing banking infrastructure, reducing friction and eliminating the delays and complexities often associated with traditional clearing systems.
Advanced Technology
Abaxx Spot is purpose-built for institutional trading and settlement of physical precious metals. Through intuitive user interfaces, programmable APIs, and a real-time ledger, the platform offers automated trading, transfers, and reporting across its gold and silver pools.
Market participants can access real-time data, execute transactions programmatically, and manage physical precious metals positions with tools designed to reduce manual processes and operational risk, modernizing precious metals market infrastructure for the 21st century.