Correction to Abaxx’s Corporate Update and Quarterly Development Activities
Completed commercial onboarding of first clearinghouse settlement bank; signed collateral management services agreement with South East Asia’s largest bank by assets.
- Completed commercial onboarding of first clearinghouse settlement bank; signed collateral management services agreement with South East Asia’s largest bank by assets.
- Completed all key executive and senior management level hiring in Abaxx Singapore, and appointed remaining governance board members as announced on April 26, 2023.
- Continued progress on the strategic partner financing process for a non-brokered equity financing at Abaxx Singapore Pte.
- Integration into Verifier, Sign, and Drive is underway, as is the development of a new product, Issuer, designed to facilitate enterprise-client integrations.