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GreenX Announce Expansion to Middle East; to set Dubai as Regional Headquarters

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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, il primo scambio di asset digitali conforme alla Sharia al mondo, ha annunciato la sua espansione nel mercato del Medio Oriente attraverso una partnership con Sharia Digital Technologies FZ - Dubai. Questa collaborazione includerà il trasferimento di tecnologia, expertise Sharia, la struttura di quotazione per l'Offerta di Token di Sicurezza (STO) e supporto tecnico per sviluppare il mercato del Medio Oriente. Dubai fungerà da sede regionale di GreenX.

Philip Tam, Chief Exchange Officer di GreenX, ha espresso entusiasmo per l'aggiunta di Dubai alla loro Global STO Alliance, citando lo status della città come hub blockchain. Il Dr. CK Lee, CEO di Greenpro Capital Corp, ha enfatizzato la loro missione di portare il framework Sharia riconosciuto a livello internazionale nei mercati globali nell'ambito dell'iniziativa Islamic Digital Asset Centre (IDAC) di LabuanFSA.

GreenX, el primer intercambio de activos digitales del mundo que cumple con la Sharia, ha anunciado su expansión en el mercado de Oriente Medio a través de una asociación con Sharia Digital Technologies FZ - Dubái. Esta colaboración incluirá la transferencia de tecnología, experiencia en Sharia, estructura de listado de Oferta de Token de Seguridad (STO) y soporte técnico para desarrollar el mercado de Oriente Medio. Dubái servirá como la sede regional de GreenX.

Philip Tam, Director de Intercambio de GreenX, expresó su emoción por agregar a Dubái a su Alianza Global de STO, citando el estatus de la ciudad como un centro de blockchain. El Dr. CK Lee, CEO de Greenpro Capital Corp, enfatizó su misión de llevar el marco Sharia reconocido internacionalmente a los mercados globales bajo la iniciativa del Centro de Activos Digitales Islámicos (IDAC) de LabuanFSA.

GreenX, 세계 최초의 샤리아 준수 디지털 자산 거래소가 두바이의 Sharia Digital Technologies FZ와의 파트너십을 통해 중동 시장으로의 확장을 발표했습니다. 이 협력은 기술 이전, 샤리아 전문성, 보안 토큰 제공(STO) 상장 구조, 중동 시장 개발을 위한 기술 지원을 포함합니다. 두바이는 GreenX의 지역 본부로 기능하게 됩니다.

GreenX의 최고 거래 책임자 필립 탐은 두바이를 글로벌 STO 동맹에 추가하는 것에 대한 흥분을 표현하며, 도시의 블록체인 허브로서의 지위를 언급했습니다. Greenpro Capital Corp의 CEO인 CK 리 박사는 LabuanFSA의 이슬람 디지털 자산 센터(IDAC) 이니셔티브를 통해 국제적으로 인정받는 샤리아 프레임워크를 글로벌 시장에 가져오는 사명을 강조했습니다.

GreenX, le premier échange d'actifs numériques conforme à la charia au monde, a annoncé son expansion sur le marché du Moyen-Orient par le biais d'un partenariat avec Sharia Digital Technologies FZ - Dubaï. Cette collaboration impliquera le transfert de technologie, une expertise en matière de charia, une structure de cotation pour l'Offre de Tokens de Sécurité (STO) et un support technique pour développer le marché du Moyen-Orient. Dubaï servira de siège régional à GreenX.

Philip Tam, directeur des échanges de GreenX, a exprimé son enthousiasme à ajouter Dubaï à leur Alliance mondiale des STO, citant le statut de la ville en tant que hub blockchain. Dr. CK Lee, PDG de Greenpro Capital Corp, a souligné leur mission d'apporter le cadre de charia reconnu internationalement sur les marchés mondiaux dans le cadre de l'initiative du Centre d'Actifs Numériques Islamiques (IDAC) de LabuanFSA.

GreenX, die weltweit erste Sharia-konforme digitale Vermögensbörse, hat ihre Expansion in den Nahen Osten durch eine Partnerschaft mit Sharia Digital Technologies FZ - Dubai angekündigt. Diese Zusammenarbeit umfasst den Technologietransfer, Sharia-Expertise, die Struktur für die Notierung von Security Token Offerings (STO) und technische Unterstützung zur Entwicklung des Nahen Ostens. Dubai wird als regionale Zentrale von GreenX dienen.

Philip Tam, Chief Exchange Officer von GreenX, äußerte sich begeistert darüber, Dubai in ihre Global STO Alliance aufzunehmen, und verwies auf den Status der Stadt als Blockchain-Zentrum. Dr. CK Lee, CEO von Greenpro Capital Corp, betonte ihre Mission, den international anerkannten Sharia-Rahmen in die globalen Märkte im Rahmen der Initiative des Islamic Digital Asset Centre (IDAC) der LabuanFSA zu bringen.

Positive
  • Expansion into the Middle East market through partnership with Sharia Digital Technologies FZ - Dubai
  • Establishment of Dubai as regional headquarters
  • Addition of Dubai to GreenX's Global STO Alliance
  • Potential to tap into Dubai's blockchain talent and community
Negative
  • None.

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / September 3, 2024 / GreenX, the World's First Shariah Compliant Digital Asset Exchange, is proud to announce its expansion into Middle East market through the partnership with Sharia Digital Technologies FZ LLC - Dubai. The joint-collaboration will see transfer of technology, Shariah know-how, Security Token Offering listing structure and various technical support among both parties to develop the Middle East market.

Full publication of the news can be found at

News - SDT, DST and Green X DAES sign MoU in Dubai (green-x.io)

Chief Exchange Officer of GreenX, Philip Tam commented, "We are excited to add Dubai as part of our Global STO Alliance. Dubai as the blockchain hub of the world host some of the best talents and communities in the blockchain scene so its only matter of time before GreenX reaches this market. GreenX commitment to Sharia Compliant RWA tokenisation and quality projects is driving adoptions of digital assets in the Islamic world."

Chief Executive Officer of Greenpro Capital Corp, Dr. CK Lee added, "Under the initiative of LabuanFSA's Islamic Digital Asset Centre ("IDAC"), it is our mission to bring the internationally recognized Shariah framework to global markets. We believe our Islamic digital assets, or as known in Arabic, RAMZ, will cater for Islamic and conventional financial institutions, pension funds and fund management companies, including untapped retail high-net-worth investors amongst the global Muslim ummah."

About Green-X Corp

Green-X™ is a wholly-owned subsidiary of Greenpro Capital Corp (NASDAQ:GRNQ) and operate one of the world's leading Shariah-Compliant ESG Digital Asset Exchange licensed under Labuan Financial Services Authority (LFSA), Malaysia. The Green-X exchange can be found at https://www.green-x.io/

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 7,575,813 shares issued and outstanding with a float of 4,089,641 shares

Gilbert Loke, CFO, Director
Greenpro Capital Corp.
Email: ir.hk@greenprocapital.com
Phone: +852-3111 7718

Contact Dennis Burns. Investor Relations.
Tel (567) 237-4132
dburns@nvestrain.com
Phone: +603-2201 3192
mycorp@greenprocapital.com

SOURCE: Greenpro Capital Corp.



View the original press release on accesswire.com

FAQ

What is GreenX's recent expansion announcement for GRNQ stock?

GreenX, a subsidiary of Greenpro Capital Corp (GRNQ), has announced its expansion into the Middle East market through a partnership with Sharia Digital Technologies FZ - Dubai. The company will set up its regional headquarters in Dubai.

How will GreenX's partnership in Dubai affect GRNQ's market presence?

The partnership will enhance GRNQ's market presence by facilitating technology transfer, Shariah expertise sharing, and support for Security Token Offering (STO) listing structures in the Middle East market, potentially increasing adoption of digital assets in the Islamic world.

What is the significance of Dubai for GreenX's expansion strategy?

Dubai is considered a blockchain hub with top talent and a strong blockchain community. By establishing a presence there, GreenX aims to tap into this ecosystem and expand its Global STO Alliance, potentially benefiting GRNQ shareholders.

How does GreenX's expansion align with Greenpro Capital Corp's (GRNQ) mission?

The expansion aligns with GRNQ's mission to bring internationally recognized Shariah framework to global markets under the LabuanFSA's Islamic Digital Asset Centre (IDAC) initiative, potentially opening up new markets for Islamic digital assets (RAMZ).

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