Mr. Joe Raia reports

CLIMATE IMPACT X COMPLETES FIRST MULTI-PARTY CARBON FUTURES DELIVERY AS ELIGIBLE CUSTODIAN FOR ABAXX EXCHANGE

Abaxx Technologies Inc. has successfully completed a 120-lot delivery under Abaxx Exchange's CORSIA phase 1 Carbon Offset Unit Futures (CP1) contract. completed on July 3, 2026, the delivery marks the first multiparty Abaxx Exchange carbon futures delivery to include Climate Impact X (CIX) as an eligible custodian.

The 120-lot physical settlement was completed among four market participants based in the United States, the United Kingdom and Singapore, including investment and environmental asset firms, and involved three matched delivery transactions of eligible CORSIA phase 1 carbon units across Verra and ART registries. Clearing services were provided by KGI Securities and StoneX.

The completion of the first multiparty delivery, together with growing volume and rising open interest, demonstrates increasing commercial adoption of the Abaxx CP1 futures market. In the first half of 2026 (H1 2026), CP1 futures trading volume totalled 23,747 contracts, compared with 310 contracts in H2 2025. Quarterly average daily volume was 198 contracts in Q1 2026 and 192 contracts in Q2 2026, while average daily open interest rose from 79 to 173 over the same period.

"This first delivery milestone demonstrates market demand for common infrastructure that gives participants greater flexibility in how they hold and manage carbon credits," said Ellery Sutanto, chief commercial officer, CIX. "It is an early example of how connecting futures and spot markets through shared infrastructure can lay the foundations for deeper liquidity, broader participation and more efficient capital flows towards decarbonization."

"Abaxx's CP1 contract addresses a clear need for participants managing CORSIA-related carbon exposure," said Joe Raia, chief commercial officer, Abaxx Exchange. "The completion of this multiparty delivery involving Climate Impact X further demonstrates the contract's ability to support the settlement of eligible carbon units and practical risk management in global carbon markets." Launched in June, 2024, the CP1 contract provides price discovery and hedging utility for market participants managing compliance exposures during the CORSIA phase 1 (2024 to 2026) period.

CP1 futures are available for trading from 10 a.m. to 12 a.m. SGT, Monday to Friday, except for Singapore public holidays. Contract specifications, participating clearing firms and brokers, and market access information are available on the Abaxx website.

About Abaxx Technologies Inc.

Abaxx Technologies is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transformation and the transition to an artificial-intelligence-augmented economy.

In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, and founder and creator of Abaxx Labs and the SmarterMarkets podcast.

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