Mining Stock Daily

Josh Crumb on Abaxx Technologies: Launching the Gold Exchange Amidst Commodity Market Volatility

15 snips
Jun 20, 2025
Josh Crumb, founder of Abaxx Technologies and a former Goldman Sachs associate, dives into the launch of a new gold exchange in Singapore amid market volatility. He discusses the shift towards resilient physical supply chains and the critical role of blockchain technology in trading. The conversation also covers navigating geopolitical sanctions and the importance of neutrality in commodity exchanges. Additionally, Crumb highlights the need for true decentralization and environmental considerations in the evolving landscape of commodity markets.
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INSIGHT

Physical Delivery Focus at ABEX

  • ABEX differentiates itself by focusing on futures contracts with physical delivery.
  • This contrasts with many cash-settled index futures that rely on published prices but lack true delivery.
ANECDOTE

Failed Physical Gold Delivery Example

  • Grant Williams tried unsuccessfully for months to get physical gold delivery from GLD shares.
  • This illustrates the disconnect between derivative contracts and actual physical gold availability.
INSIGHT

Why Singapore for ABEX Exchange

  • Singapore serves as a neutral, highly respected financial hub for ABEX's exchange, especially for gold and LNG.
  • Proximity to Asia's commodity markets and strong regulatory environment make Singapore ideal.
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