11:41 AM EDT, 07/13/2026 (MT Newswires) -- Abaxx Technologies (ABXX.TO) said Monday it completed a 120-lot delivery under Abaxx Exchange's CORSIA Phase 1 Carbon Offset Unit Futures (CP1) contract.

The 120-lot physical settlement was completed among four market participants in the US, the UK and Singapore, and flags increasing commercial adoption of the Abaxx CP1 futures market, a statement said.

In the first half of this year, CP1 futures trading volume totaled 23,747 contracts, versus 310 contracts in the second half of 2025. Average daily volume was 198 contracts in Q1 and 192 contracts in Q2, while average daily open interest rose from 79 to 173 over the same period, Abaxx said.

"This first delivery milestone demonstrates market demand for common infrastructure that gives participants greater flexibility in how they hold and manage carbon credits," said Ellery Sutanto, Chief Commercial Officer of CIX, a global environmental markets exchange headquartered in Singapore.

"It is an early example of how connecting futures and spot markets through shared infrastructure can lay the foundations for deeper liquidity, broader participation and more efficient capital flows towards decarbonisation," Sulanto added.

The company's shares were last seen up C$0.39, or 1.5%, to C$26.42 on the Toronto Stock Exchange.

Price: 26.42, Change: +0.39, Percent Change: +1.50

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