Greenpro Cap Corp Stock Price, News & Analysis

GreenX, the World's First Shariah Compliant Digital Asset Exchange, has announced its expansion into the Middle East market through a partnership with Sharia Digital Technologies FZ - Dubai. This collaboration will involve technology transfer, Shariah expertise, Security Token Offering (STO) listing structure, and technical support to develop the Middle East market. Dubai will serve as GreenX's regional headquarters.

Philip Tam, Chief Exchange Officer of GreenX, expressed excitement about adding Dubai to their Global STO Alliance, citing the city's status as a blockchain hub. Dr. CK Lee, CEO of Greenpro Capital Corp, emphasized their mission to bring the internationally recognized Shariah framework to global markets under the LabuanFSA's Islamic Digital Asset Centre (IDAC) initiative.

GreenX, the World's First Shariah Compliant Digital Asset Exchange, is set to sign a Memorandum of Understanding (MOU) with Sharia Digital Technologies FZ - Dubai and PT Digital Syariah Teknologi (DST) Surabaya on August 27, 2024. The signing will take place at Area 2071 of the Dubai Future Foundation Auditorium. This partnership aims to expand GreenX's global platform and bring Shariah-compliant digital assets to Islamic communities worldwide.

The event will also feature the announcement of GreenX platform token (GXT) pre-sales, available exclusively on the GreenX website. The ceremony will be attended by notable figures, including religious leaders, ambassadors, and officials from the UAE Ministry of Economy.

GreenX has signed a Memorandum of Understanding (MOU) with InvestaX, a leading Security Tokens Investment and trading platform licensed by the Monetary Authority of Singapore. The collaboration aims to provide secondary trading opportunities for security tokens and digital assets across both exchanges, as well as cross-marketing for primary listing opportunities. This partnership also includes participation from IX Swap, the world's first decentralized exchange for security token offerings (STO) and real-world asset tokens (RWA).

The collaboration is expected to broaden the reach for issuers across different geographical regions, allowing their tokens to be recognized and traded through multiple platforms. This strategic alliance is part of GreenX's effort to establish a Global Alliance of licensed and regulated Security Token Exchanges across various regulated regions, including South Korea, Singapore, Indonesia, Malaysia, and Europe.

GreenX, led by CEO Philip Tam, is making significant progress in establishing an Islamic Digital Asset Exchange in Indonesia. Following a Letter of Intent signing with Nahdlatul Ulama for Shariah Compliant Real World Asset (RWA) Tokenization, Tam visited key Islamic institutions in East Java. Accompanied by Sheikh Khalifa Aljarizi Alshehhi, Co-Founder of Dubai Blockchain Center, and KH Abdul Hakim Mahfudz from PWNU East Java, the team discussed blockchain technology adoption in compliance with Islamic principles.

The visit included exchanges on crypto usage in UAE and other countries, emphasizing GreenX's role as the world's first Shariah Compliant Exchange. GreenX aims to share knowledge gained from Malaysia's ISRA with Indonesian partners. The company's progress in Indonesia, the world's largest Muslim country by population, is seen as a significant milestone in the development of Shariah Compliant RWA platforms.

Green-X Corp, a subsidiary of Greenpro Capital Corp (GRNQ), has secured over $100 million in digital assets, including Security Tokens and Stablecoins. This acquisition enhances GreenX's value as a regulated centralized exchange. Additionally, Greenpro Capital Corp, GreenX, and Bank Islam Trust Company (Labuan) have formed a strategic alliance to offer products and services using the Labuan International Business and Financial Centre as the main jurisdiction. The partnership aims to promote Labuan as the hub for the Islamic Digital Asset Centre, targeting high-net-worth clients. This collaboration is expected to help penetrate Muslim and Middle East communities, catering to the growing demand for digital asset investments in these regions.

GreenX has successfully completed the first-round token pre-sale for WENEW Labs on May 21, 2024. The pre-sale, which was fully subscribed within an hour, aims to fund the launch of VPass, Asia's first Smart Ticket issuance and trading platform. VPass uses blockchain technology to tokenize and trade tickets for large-scale events, providing a secure and transparent system. GreenX, with digital assets worth over $100 million, will list WENEW's RWA token. A second round of pre-sale is planned for August 2024.

GreenX and Nahdlatul Ulama (PWNU) have signed a Letter of Intent (LOI) to develop Shariah-compliant Real World Asset (RWA) tokenization. This collaboration aims to create a new digital asset class that adheres to Islamic financial principles for the Indonesian market. The signing ceremony, held on June 6, 2024, included key representatives from both entities and highlighted three significant RWA listings: Dignity Gold, Brighsun , and Tai Shan Digital. GreenX plans to leverage Indonesia's vast natural resources and large Islamic community to build a robust digital ecosystem. GreenX's leadership expressed optimism about meeting the growing demand for Shariah-compliant digital financial products.

GreenX successfully organized the world's first RWA tokenization exhibition in Seoul, South Korea on June 13, 2024.

The event marked a milestone in digital finance, attended by hundreds of esteemed guests, including international representatives from CREDER, SHINWA AUCTION, and TAI SHAN.

Attendees had the opportunity to explore real-world assets linked to RWA tokens.

GreenX announced the launch of its native platform token, GX Token, which offers trading discounts, staking and farming participation, exclusive access to new features, and events.

The GX Token aims to promote RWA adoption and support innovative projects through the GreenX ecosystem fund.

Philip Tam, Chief Exchange Officer, reaffirmed GreenX's commitment to providing high-quality tokenized assets while adhering to Shariah-compliant standards.

GreenX, a leading Shariah-compliant ESG digital asset exchange and a subsidiary of Greenpro Capital (NASDAQ: GRNQ), is set to launch Green Token, a security token aimed at supporting and financing green technology ESG companies. Announced during the Global Forum on Islamic Economics and Finance (GFIEF) in Kuala Lumpur on May 28-29, 2024, the initiative aligns with GFIEF's theme of 'Shaping a Resilient Global Islamic Economy Through Values-Based Reforms.' Green Token is expected to foster a green community and contribute to the tokenization of carbon credits, driving shared prosperity through innovative and technological advancements.