GreenPro Set to Launch Green Digital Bank Enabling Fiat-Crypto Settlement
Greenpro Capital Corp. (NASDAQ:GRNQ) has secured conditional approval from Labuan Financial Services Authority to establish an Islamic Digital Bank under the i-BOX guidelines. The Green Digital Bank will be one of the world's first Shariah-compliant digital banks capable of handling both fiat and cryptocurrency transactions.
The bank will offer comprehensive services including digital deposits, Islamic financing, investment products, and cross-border payments through a blockchain-enabled platform. The system will be compatible with major cryptocurrencies including USDC and other stablecoins compliant with the U.S. GENIUS Act. The company plans to build a digital asset reserve backed by the bank's profits.
Greenpro Capital Corp. (NASDAQ:GRNQ) ha ottenuto l'approvazione condizionata dalla Labuan Financial Services Authority per istituire una Banca Digitale Islamica secondo le linee guida i-BOX. La Green Digital Bank sarà una delle prime banche digitali al mondo conformi alla Sharia, in grado di gestire transazioni sia in valuta fiat che in criptovalute.
La banca offrirà servizi completi tra cui depositi digitali, finanziamenti islamici, prodotti d'investimento e pagamenti transfrontalieri tramite una piattaforma basata su blockchain. Il sistema sarà compatibile con le principali criptovalute, inclusi USDC e altri stablecoin conformi al GENIUS Act degli Stati Uniti. L'azienda intende creare una riserva di asset digitali supportata dai profitti della banca.
Greenpro Capital Corp. (NASDAQ:GRNQ) ha obtenido la aprobación condicional de la Autoridad de Servicios Financieros de Labuan para establecer un Banco Digital Islámico bajo las directrices i-BOX. El Green Digital Bank será uno de los primeros bancos digitales en el mundo que cumple con la Sharia, capaz de manejar transacciones tanto en moneda fiat como en criptomonedas.
El banco ofrecerá servicios integrales que incluyen depósitos digitales, financiamiento islámico, productos de inversión y pagos transfronterizos a través de una plataforma habilitada con blockchain. El sistema será compatible con las principales criptomonedas, incluyendo USDC y otros stablecoins conformes con la Ley GENIUS de EE. UU. La compañía planea construir una reserva de activos digitales respaldada por las ganancias del banco.
Greenpro Capital Corp. (NASDAQ:GRNQ)는 Labuan 금융서비스국으로부터 i-BOX 지침에 따라 이슬람 디지털 은행 설립에 대한 조건부 승인을 받았습니다. Green Digital Bank는 세계 최초의 샤리아 준수 디지털 은행 중 하나로, 법정 화폐와 암호화폐 거래를 모두 처리할 수 있습니다.
이 은행은 디지털 예금, 이슬람 금융, 투자 상품, 블록체인 기반 플랫폼을 통한 국경 간 결제 등 포괄적인 서비스를 제공할 예정입니다. 이 시스템은 USDC 및 미국 GENIUS 법안을 준수하는 기타 스테이블코인을 포함한 주요 암호화폐와 호환됩니다. 회사는 은행 수익을 바탕으로 디지털 자산 준비금을 구축할 계획입니다.
Greenpro Capital Corp. (NASDAQ:GRNQ) a obtenu l'approbation conditionnelle de la Labuan Financial Services Authority pour établir une banque numérique islamique conformément aux directives i-BOX. La Green Digital Bank sera l'une des premières banques numériques au monde conformes à la charia, capable de gérer des transactions en monnaie fiduciaire et en cryptomonnaies.
La banque proposera des services complets incluant des dépôts numériques, des financements islamiques, des produits d'investissement et des paiements transfrontaliers via une plateforme basée sur la blockchain. Le système sera compatible avec les principales cryptomonnaies, y compris l'USDC et d'autres stablecoins conformes à la loi GENIUS des États-Unis. La société prévoit de constituer une réserve d'actifs numériques soutenue par les bénéfices de la banque.
Greenpro Capital Corp. (NASDAQ:GRNQ) hat von der Labuan Financial Services Authority eine bedingte Genehmigung erhalten, eine islamische Digitalbank gemäß den i-BOX-Richtlinien zu gründen. Die Green Digital Bank wird eine der weltweit ersten schariakonformen Digitalbanken sein, die sowohl Fiat- als auch Kryptowährungstransaktionen abwickeln kann.
Die Bank wird umfassende Dienstleistungen anbieten, darunter digitale Einlagen, islamische Finanzierungen, Anlageprodukte und grenzüberschreitende Zahlungen über eine blockchainbasierte Plattform. Das System wird mit wichtigen Kryptowährungen kompatibel sein, einschließlich USDC und anderen Stablecoins, die dem US GENIUS Act entsprechen. Das Unternehmen plant, eine digitale Asset-Reserve aufzubauen, die durch die Gewinne der Bank gedeckt ist.
- Received regulatory approval for establishing a first-of-its-kind Shariah-compliant digital bank
- Will enable unique fiat-crypto settlement capabilities, expanding market opportunities
- Plans to build digital asset reserve backed by banking profits
- Compatibility with major cryptocurrencies and compliance with U.S. GENIUS Act standards
- Strategic positioning in the growing Islamic finance and fintech markets
- Operations have not yet commenced - still pending final regulatory and operational conditions
- Potential regulatory challenges in managing both crypto and traditional banking services
- Operational complexities in maintaining Shariah compliance while handling cryptocurrencies
Insights
Greenpro secured conditional approval for Islamic Digital Bank with fiat-crypto capabilities, potentially transforming its business model and revenue potential.
Greenpro Capital's conditional approval from Labuan FSA represents a significant regulatory milestone enabling the company to establish one of the first Shariah-compliant digital banks with integrated cryptocurrency capabilities. This development strategically positions GRNQ at the intersection of three growing financial sectors: Islamic banking (currently a
The planned Green Digital Bank's ability to handle both fiat and cryptocurrency deposits, while facilitating settlements between these asset classes, addresses a critical infrastructure gap in the current financial ecosystem. Most traditional banks still maintain separation between these systems, creating friction for users navigating between conventional and digital finance.
What's particularly notable is the regulatory framework under which this approval was granted. Labuan IBFC offers a unique regulatory environment that provides sufficient oversight while allowing for financial innovation—especially in cryptocurrency integration—that might face more significant hurdles in stricter jurisdictions. This gives Greenpro a potential first-mover advantage in the ASEAN region's Shariah-compliant digital banking space.
The mention of compatibility with the U.S. GENIUS Act suggests forward-thinking compliance planning, potentially enabling the bank to operate across jurisdictions with minimal regulatory friction. However, investors should recognize that conditional approval still requires Greenpro to satisfy additional regulatory requirements before full operations can commence, and the timeline for complete implementation remains undefined in this announcement.
The plan to build a digital asset reserve using profits from banking operations indicates a long-term strategy to strengthen the company's balance sheet with digital assets—a high-risk, high-potential approach that ties the company's future closely to cryptocurrency market dynamics.
KUALA LUMPUR, MY / ACCESS Newswire / June 24, 2025 / Greenpro Capital Corp. (NASDAQ:GRNQ) is pleased to announce that it has received conditional approval from the Labuan Financial Services Authority (Labuan FSA) to establish and operate a next-generation Islamic Digital Bank under the Guidelines on the Establishment of Islamic Digital Bank (i-BOX) within the Labuan International Business and Financial Centre (Labuan IBFC) framework.
This groundbreaking approval positions Greenpro to launch one of the world's first Shariah-compliant digital banks capable of accepting both fiat and cryptocurrency deposits. The Green Digital Bank will also enable seamless settlement between fiat and crypto assets, creating a fully integrated, ethical financial ecosystem that bridges traditional and digital finance-while remaining aligned with Shariah principles and Labuan's regulatory framework.
"This is a major milestone not just for Greenpro, but for the evolution of Digital finance," said Dr. CK Lee, CEO of Greenpro Capital Corp. "By combining Shariah-compliant banking with fiat-crypto interoperability, we aim to deliver inclusive, secure, and future-ready financial services to the underserved across ASEAN and beyond. As part of our long-term strategy, we also intend to build a digital asset reserve, backed by profits derived from our Green Digital Bank operations. With this approval, we are proud to say that this Green Digital Bank completes the new finance ecosystem of Greenpro Capital-an ecosystem rooted in innovation, inclusion, and long-term value creation."
The Green Digital Bank will offer a full suite of services including digital deposits, Islamic financing, investment products, and cross-border payment solutions, all delivered through a blockchain-enabled and Shariah-compliant platform. The Bank also aims to be fully compatible with major cryptocurrencies, including USDC and other stablecoins that align with the principles and regulatory standards outlined in the recent U.S. GENIUS Act ("Guiding and Establishing National Innovation for U.S. Stablecoins of 2025"). This forward-looking approach ensures the Bank can serve both the traditional and digital asset markets while remaining committed to transparency, security, and compliance.
Greenpro is currently working to fulfill all final regulatory and operational conditions before launching full operations. This initiative is closely aligned with Malaysia's ambition to lead in Islamic finance and fintech innovation, while advancing ESG goals, financial inclusion, and the digital transformation of the regional economy.
About Greenpro Capital Corp
Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (NASDAQ:GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, and Green-X for STOs, health and wellness as well as 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale. This is done through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.
For further information regarding the company, please visit http://www.greenprocapital.com.
Forward-Looking Statements
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
GRNQ has 8,275,813 shares issued and outstanding with a float of 4,089,641 shares.
Gilbert Loke, CFO, Director
CONTACT:
Greenpro Capital Corp.
Email: ir.hk@greenprocapital.com
Phone: +852-3111 7718
Investor Relations
Tel (567) 237-4132
Phone: +603-2201 3192
mycorp@greenprocapital.com
SOURCE: Greenpro Capital Corp.
View the original press release on ACCESS Newswire
FAQ
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