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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 vs Financial Market Resilience

  • The physical commodity supply chains have become more resilient and better organized than financial commodity markets.
  • This contrasts with 10-15 years ago when the financial markets were more stable than physical supply chains.
INSIGHT

ABEX: Traditional Futures Exchange

  • ABEX's commodity futures exchange is a traditional market infrastructure, not blockchain-based in phase one.
  • Their focus is on rebuilding conventional futures markets with modern technology, separate from blockchain hype.
INSIGHT

Limits of Tokenizing Commodities

  • Tokenized commodities and decentralized finance haven't fully decentralized trading due to regulatory and centralized exchange realities.
  • The main advantage of tokenization might be accessing global liquidity and capital.
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