Abaxx Technologies to Pilot Tokenized Money Market Funds for Enhanced Collateral Management

Abaxx Technologies Inc ( (TSE:ABXX) ) has issued an update.

Abaxx Technologies Inc. has completed a pre-feasibility study on using tokenized money market funds (MMFs) as financial collateral, leveraging its proprietary ID++ and Private Digital Title technologies. The company plans to conduct a second pilot transaction to test the use of tokenized MMF shares as legally enforceable, real-time collateral in regulated markets. This initiative aims to address legal finality and identity gaps, potentially unlocking access to the multi-trillion-dollar High-Quality Liquid Assets collateral market. The pilot supports Abaxx’s vision of transforming global markets by integrating tokenized and traditional assets into collateral workflows, enhancing legal certainty, and reducing operational friction.

Spark’s Take on TSE:ABXX Stock

According to Spark, TipRanks’ AI Analyst, TSE:ABXX is a Neutral.

Abaxx Technologies Inc. has strong revenue growth and a solid balance sheet, but it remains unprofitable with negative cash flow, significantly impacting its financial performance score. Technical analysis points to a stable stock price without significant upward momentum. Valuation metrics are poor due to negative profitability. However, strategic corporate events positively influence the overall score by enhancing financial stability and market potential.

To see Spark’s full report on TSE:ABXX stock, click here.

More about Abaxx Technologies Inc

Abaxx Technologies Inc. is a financial software and market infrastructure company. It is the majority shareholder of Abaxx Singapore Pte Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse. The company is also known for producing the SmarterMarkets™ Podcast.

Average Trading Volume: 193,538

Technical Sentiment Signal: Buy

Current Market Cap: C$61.56M

See more data about ABXX stock on TipRanks’ Stock Analysis page.