Abaxx Technologies Inc., a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), announced that Yongan International Financial (Singapore) Pte. Ltd. (“Yongan International SG”) will offer clearing and trading access to clients on Abaxx Exchange beginning June 29, 2026.
Yongan International SG is a Singapore-based futures brokerage and a wholly owned subsidiary of Xin Yongan International Financial Holdings Ltd. in Hong Kong, which is a subsidiary of Yongan Futures Co. Ltd.
As part of one of China’s top-ranked, state-owned futures groups, Yongan International SG brings an established regional client network to its role as a clearing member of Abaxx Clearing. Through this membership, Yongan International SG can provide commercial hedgers and institutional clients across Hong Kong and Asia with direct clearing access to Abaxx Exchange’s energy, environmental, battery materials, and precious metals markets.
Read More on Fintech : Global Fintech Interview with Rob Young, Managing Director – UK at InDebted
This approval, along with its trading membership on Abaxx Exchange, makes Yongan International SG the first Chinese-backed futures firm able to both trade and clear products listed on Abaxx Exchange.
“Our clients are managing increasingly complex exposure across energy, metals, and industrial supply chains,” said Josh Qiao, Chief Executive Officer of Yongan International SG. “Joining Abaxx Exchange allows us to provide them with direct access to differentiated contracts designed around the physical markets and risk management needs shaping those supply chains.”
“Yongan International SG’s strong reputation in futures brokerage and deep connectivity across regional and cross-border commodities markets make them an important addition to Abaxx Clearing,” said Nancy Seah, Chief Executive Officer of Abaxx Exchange. “Their membership strengthens our clearing network and supports our shared focus on expanding access to better tools for price discovery and risk management.”
Catch more Fintech Insights : The AI Shift in Fraud: Why Banks Need a New Playbook
[To share your insights with us, please write to psen@itechseries.com ]