Company Performance Metrics
- Siddiq Farid: Managing DirectorPast Role: SmartCrowd, Co-Founder
Abaxx Spot operates a pre-funded electronic platform and physically backed gold pool for trading, holding, and transferring kilobar gold. The company enables approved market participants to deposit 99.99% purity gold into a pooled vault account, maintain legal title to an undivided interest, and redeem metal through vault pickup or transfer.
Participants can execute spot gold transactions through electronic order matching, settle over-the-counter trades by instructing transfers between accounts, and use delivery versus payment settlement in U.S. dollars. Abaxx Spot also supports futures delivery for Abaxx Exchange gold contracts by acting as a designated physical delivery point. The platform provides inventory management, daily reconciliation, and periodic third-party audits, along with APIs and interfaces for institutional trading, reporting, and cash management services.