Green-X Consolidate its Digital Asset Exchange Businesses with CryptoSX
Greenpro Capital Corp. (NASDAQ:GRNQ) announced a merger between its wholly owned Green-X Corp and CryptoSX to develop the world's largest Security Token Offering (STO) platform. Green-X, a Shariah Compliant ESG Digital Asset Exchange, and CryptoSX, a pioneering digital asset exchange under the Cagayan Economic Zone Authority in the Philippines, will combine their strengths in Islamic finance, ESG investing, and digital compliance. The merger aims to enhance market access and provide diverse investment opportunities for a broader investor base, as confirmed by both companies' CEOs.
- Merger aims to create the world's largest STO platform, enhancing market access.
- Green-X is the first Shariah Compliant ESG Digital Asset Exchange licensed by Malaysia's Labuan Financial Services Authority.
- CryptoSX has a track record with 10 STOs listed since 2019, indicating operational experience.
- The merger leverages expertise in Islamic finance, ESG, and blockchain technology.
- None.
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / March 15, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced the merger of its wholly owned Green-X Corp ("Green-X") and CryptoSX to develop the world largest STO platform.
Green-X is the first Shariah Compliant ESG Digital Asset Exchange licensed by the Malaysia's Labuan Financial Services Authority. CryptoSX is one of earliest digital asset exchange under Cagayan Economic Zone Authority in Philippines to focus on Security Token Offering and has 10 STO listed since 2019.
Greenpro is a strategic investor of CryptoSX since 2020 and the merger will leverage the Greenpro vast experience on business incubation, investment advisory and successful track records in Nasdaq listing, Green-X expertise on Islamic finance and ESG investing and CryptoSX knowledge on digital compliance, blockchain, tokenization and digital payments.
Green-X will be the leader in digital finance, driving digital innovations to transform businesses beyond conventional models to offer superior market access, alternative investment classes to a broader group of investors through the digital space.
Cryptosx CEO and Founder, Philip Tam said: "We have a shared belief with GreenX that seamless integration and unified access to digital assets is fundamental to the future and where we want to be positioned."
Greenpro CEO and Founder, Dr. CK Lee said: "Labuan and Malaysia will play a key role in the future of cryptocurrency adoption in Halal communities. We will actively work with the regulators, finance and industry partners to develop our combined exchange in a compliant way."
About CryptoSX
CryptoSX is one of the fastest growing digital assets exchanges in the world. An innovative, end-to-end exchange that redefines the perception of STOs while pushing boundaries in a fully regulated ecosystem. With a wide spectrum of industries and a community of passionate investors, CryptoSX allows users to be a part of a new age movement, through easy and secure investments, anytime and anywhere. CryptoSX is compliant with all applicable financial and virtual exchange policies and regulations of the Philippine Government under CEZA (Cagayan Economic Zone Authority) and holds a Principal Full License since 2018. To learn more about the company, please visit http://www.cryptosx.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, CryptoSX and Green-X for STOs, health, wellness and fine art 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.
The Green-X exchange can be found at https://www.green-x.io/
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 7,867,188 million shares issued and outstanding with a float of 3,831,677 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.
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FAQ
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