GreenX Form Part of Asia Digital Asset Exchange Alliance
GreenX has joined the newly launched Asia Digital Asset Exchange Alliance, alongside exchanges from Korea, Japan, Singapore, Thailand, and Cambodia. The alliance was unveiled at Blockchain Week in Busan (BWB2024) on October 28, 2024. The collaboration aims to strengthen the digital asset ecosystem through market expansion, regulatory coordination, and expertise sharing. GreenX, as the first Shariah Compliant Digital Asset Exchange, targets Islamic communities with RWA tokens. The alliance members include Busan Digital Asset Exchange, Osaka Digital Exchange, ADDX, TokenX, and Mekong Digital Exchange.
GreenX si è unita alla appena lanciata Asia Digital Asset Exchange Alliance, insieme a exchange della Corea, Giappone, Singapore, Thailandia e Cambogia. L'alleanza è stata presentata durante la Blockchain Week a Busan (BWB2024) il 28 ottobre 2024. La collaborazione mira a rafforzare l'ecosistema degli asset digitali attraverso l'espansione del mercato, la coordinazione normativa e la condivisione di competenze. GreenX, come il primo Exchange di Asset Digitali conforme alla Sharia, si rivolge alle comunità islamiche con token RWA. I membri dell'alleanza includono Busan Digital Asset Exchange, Osaka Digital Exchange, ADDX, TokenX e Mekong Digital Exchange.
GreenX se ha unido a la recién lanzada Asia Digital Asset Exchange Alliance, junto a intercambios de Corea, Japón, Singapur, Tailandia y Camboya. La alianza fue presentada en la Blockchain Week en Busan (BWB2024) el 28 de octubre de 2024. La colaboración tiene como objetivo fortalecer el ecosistema de activos digitales mediante la expansión del mercado, la coordinación normativa y el intercambio de conocimientos. GreenX, como el primer intercambio de activos digitales compatible con la Sharia, se dirige a las comunidades islámicas con tokens RWA. Los miembros de la alianza incluyen Busan Digital Asset Exchange, Osaka Digital Exchange, ADDX, TokenX y Mekong Digital Exchange.
GreenX가 한국, 일본, 싱가포르, 태국 및 캄보디아의 거래소와 함께 새로 출범한 아시아 디지털 자산 거래소 연합에 합류했습니다. 이 연합은 2024년 10월 28일 부산에서 열린 블록체인 위크(BWB2024)에서 발표되었습니다. 협력의 목표는 시장 확장, 규제 조정 및 전문 지식 공유를 통해 디지털 자산 생태계를 강화하는 것입니다. GreenX는 샤리아 준수 디지털 자산 거래소로서 이슬람 커뮤니티를 RWA 토큰으로 타겟팅하고 있습니다. 연합의 구성원으로는 부산 디지털 자산 거래소, 오사카 디지털 거래소, ADDX, TokenX 및 메콩 디지털 거래소가 포함됩니다.
GreenX a rejoint la nouvelle Asia Digital Asset Exchange Alliance, aux côtés d'échanges de Corée, du Japon, de Singapour, de Thaïlande et du Cambodge. L'alliance a été dévoilée lors de la Blockchain Week à Busan (BWB2024) le 28 octobre 2024. Cette collaboration vise à renforcer l'écosystème des actifs numériques par l'expansion du marché, la coordination réglementaire et le partage d'expertise. GreenX, en tant que premier échange d'actifs numériques conforme à la charia, cible les communautés islamiques avec des tokens RWA. Les membres de l'alliance incluent Busan Digital Asset Exchange, Osaka Digital Exchange, ADDX, TokenX et Mekong Digital Exchange.
GreenX hat sich der neu gegründeten Asia Digital Asset Exchange Alliance angeschlossen, zusammen mit Börsen aus Korea, Japan, Singapur, Thailand und Kambodscha. Die Allianz wurde am 28. Oktober 2024 während der Blockchain Week in Busan (BWB2024) vorgestellt. Die Zusammenarbeit zielt darauf ab, das Ökosystem digitaler Assets durch Markterweiterung, regulatorische Koordination und Wissensaustausch zu stärken. GreenX richtet sich als erste Sharia-konforme digitale Asset-Börse an islamische Gemeinschaften mit RWA-Token. Zu den Mitgliedern der Allianz gehören die Busan Digital Asset Exchange, die Osaka Digital Exchange, ADDX, TokenX und die Mekong Digital Exchange.
- Strategic alliance formation with major Asian digital asset exchanges enhances market reach
- Access to Islamic market of 1.9 billion potential customers through Shariah-compliant offerings
- Potential for expanded RWA (Real World Asset) token market through cross-border collaboration
- None.
Insights
The formation of the Asia Digital Asset Exchange Alliance represents a strategic move in the digital asset space, but its immediate financial impact remains While the alliance includes notable exchanges from six Asian countries, GreenX's role as Malaysia's Shariah-compliant exchange gives it unique positioning for the 1.9 billion Islamic market. The collaboration focuses on regulatory coordination and technology sharing, which could enhance operational efficiency and market reach long-term.
The alliance's emphasis on Real World Assets (RWA) tokenization and cross-border collaboration suggests potential future revenue streams, but concrete financial benefits are not yet quantifiable. For a micro-cap company like GRNQ (
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / October 30, 2024 / Greenpro Capital Corp. (NASDAQ:GRNQ) The "Asia Digital Asset Exchange Alliance" was launched at Blockchain Week in Busan (BWB2024) on October 28, 2024.
Leading shariah compliant ESG Digital Asset Exchange, GreenX is one of the founding members which include Busan Digital Asset Exchange from Korea, Osaka Digital Exchange (ODX) from Japan, ADDX from Singapore, TokenX from Thailand, and Mekong Digital Exchange (MKEX) from Cambodia.
The event was attended by 5 Korean National Assembly Members, Major Busan, leading universities academia, heads of international financial services companies and blockchain experts.
From Right, Mr. Philip Tam, CXO of GreenX
Ms. Grace Lee, Chairwoman of Mekong Digital Exchange (MKEX),
Mr. Kimio Mikazuki, Representative Director and President of Osaka Digital Exchange(ODX),
Mr. Sang-min Kim, CEO of Busan Digital Asset Nexus,
Ms. Jittinun Chatsiharach, CEO of Token X,
Mr. Inmoo Hwang, Co-founder and ▲ Group CFO of ADDX,
Representatives of these exchanges are in BWB2024 to emphasize their commitment to strengthening the digital asset ecosystem and enhancing global competitiveness. All the international exchanges agreed to collaborate on market expansion, regulatory coordination, and the exchange of information, technology, and operational expertise. Their aim is to protect customer while driving the growth of their respective exchanges.
Mr. Sang-min Kim, CEO of Busan Digital Asset Nexus, stated, "I am grateful to announce the launch of the Asia Digital Asset Exchange Alliance, along with the establishment of the Busan Digital Asset Exchange at BWB2024. We will do our utmost to grow alongside our overseas partners that are already successfully operating."
Mr. Kimio Mikazuki, Representative Director and President of Osaka Digital Exchange (ODX), remarked, "Japan's blockchain ecosystem has seen rapid growth due to its integration into the regulatory framework. We hope to share our experiences and expertise with the other "Asia Digital Asset Exchange Alliance" members to support growth mutually."
Mr. Inmoo Hwang, Co-founder and Group CFO of ADDX in Singapore, stated, "ADDX has been on a mission to make investing fairer by democratizing private markets and reducing manual interventions in the issuance, custody, and distribution of private market products. With the Asia Digital Asset Exchange Alliance, I hope to see broader collaboration, including RWAs, to expand the market, provide customer benefits, and increase the market size for all member exchanges."
Ms. Jittinun Chatsiharach, CEO of Token X from Thailand, said, "Token X has worked on the tokenization and digitalization of physical assets in Thailand's Web 3.0 ecosystem. I am excited to collaborate with exchanges that share the same goal. We will effectively share our long-standing experience in trading within the regulatory framework with Busan Digital Asset Exchange and other Asia Digital Asset Exchange Alliance's members."
Ms. Grace Lee, Chairwoman of Mekong Digital Exchange (MKEX) from Cambodia, stated, "MKEX's participation in "Asia Digital Asset Exchange Alliance" is the most exciting development since receiving approval from the Cambodian securities authority. I believe "Asia Digital Asset Exchange Alliance" will be a welcome rain for Cambodia and Asia's digital asset markets."
Mr. Philip Tam, CXO of GreenX from Malaysia, commented, "As the first Shariah Compliant Digital Asset Exchange, GreenX is making significant inroad into Islamic communities from Indonesia to middle east with our Shariah compliant RWA token. Joining "Asia Digital Asset Exchange Alliance" at this moment is perfect timing not only for over 1.9 billion Islamic communities but also for member exchanges as it expands the market. We look forward to collaborating to develop Asia RWA market."
About Blockchain Week in Busan (BWB)
BWB2024 (Blockchain Week in Busan) is a conference that showcase innovative ideas and strategies to drive these changes, presenting a vision for a better future. Busan inspired to establish the world's most innovative blockchain-based smart city, upgrading the daily lives of citizens globally and proposing a successful model for digital transformation in cities. The conference focus on finance, logistics, tourism, administrative infrastructure, and work-life blending.
More information can be found at https://bwbusan.org/home_en/
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 the Asia Digital Asset Exchange Alliance that GRNQ's GreenX joined?
What is GreenX's role in the Asia Digital Asset Exchange Alliance (GRNQ)?
When was the Asia Digital Asset Exchange Alliance launched with GRNQ's participation?
