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GreenX Leads the Charge in Indonesia's Blockchain Development

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GreenX, a Shariah Compliant ESG Digital Asset Exchange, is expanding its blockchain presence in Indonesia through strategic initiatives. The company conducted a training program in Surabaya from October 8-10, 2024, in collaboration with various institutions including Dubai Blockchain Center. A strategic agreement was signed on October 17, 2024, with Pondok Pesantren Darul Fiqih to promote blockchain technology through Islamic boarding schools. GreenX plans to implement the BIMP-EAGA Digital Wallet in Indonesia, enabling participants to engage with Shariah-Compliant Digital Assets (RAMZ), with plans to airdrop listed RAMZ to selected BIMP communities.

GreenX, un exchange di asset digitali conforme alla Shariah e focalizzato su ESG, sta ampliando la sua presenza nel blockchain in Indonesia attraverso iniziative strategiche. L'azienda ha condotto un programma di formazione a Surabaya dall'8 al 10 ottobre 2024, in collaborazione con diverse istituzioni tra cui il Dubai Blockchain Center. Un accordo strategico è stato firmato il 17 ottobre 2024 con il Pondok Pesantren Darul Fiqih per promuovere la tecnologia blockchain attraverso le scuole islamiche. GreenX prevede di implementare il BIMP-EAGA Digital Wallet in Indonesia, consentendo ai partecipanti di interagire con asset digitali conformi alla Shariah (RAMZ), con l'intenzione di airdroppare RAMZ elencati in alcune comunità selezionate del BIMP.

GreenX, un intercambio de activos digitales compatible con la Shariah y centrado en ESG, está ampliando su presencia en blockchain en Indonesia a través de iniciativas estratégicas. La empresa llevó a cabo un programa de formación en Surabaya del 8 al 10 de octubre de 2024, en colaboración con diversas instituciones, incluido el Dubai Blockchain Center. Un acuerdo estratégico se firmó el 17 de octubre de 2024 con el Pondok Pesantren Darul Fiqih para promover la tecnología blockchain a través de las escuelas islámicas. GreenX planea implementar el BIMP-EAGA Digital Wallet en Indonesia, permitiendo a los participantes interactuar con activos digitales compatibles con la Shariah (RAMZ), con planes de airdropear RAMZ listados a comunidades seleccionadas del BIMP.

GreenX는 ESG를 기반으로 한 샤리아 준수 디지털 자산 거래소로, 전략적 이니셔티브를 통해 인도네시아 내 블록체인 존재감을 확장하고 있습니다. 회사는 2024년 10월 8일부터 10일까지 수라바야에서 여러 기관과 협력하여 교육 프로그램을 진행했습니다. 2024년 10월 17일, 이슬람 기숙 학교를 통해 블록체인 기술을 홍보하기 위해 Pondok Pesantren Darul Fiqih와 전략적 협약을 체결했습니다. GreenX는 인도네시아에서 BIMP-EAGA 디지털 지갑을 구현할 계획이며, 참가자들이 샤리아 준수 디지털 자산(RAMZ)과 소통할 수 있도록 하며, 선정된 BIMP 커뮤니티에 RAMZ를 에어드롭할 계획입니다.

GreenX, une plateforme d'échange d'actifs numériques conforme à la charia et axée sur l'ESG, développe sa présence en blockchain en Indonésie grâce à des initiatives stratégiques. L'entreprise a organisé un programme de formation à Surabaya du 8 au 10 octobre 2024, en collaboration avec diverses institutions, dont le Dubai Blockchain Center. Un accord stratégique a été signé le 17 octobre 2024 avec le Pondok Pesantren Darul Fiqih pour promouvoir la technologie blockchain à travers les écoles coraniques. GreenX prévoit de mettre en œuvre le BIMP-EAGA Digital Wallet en Indonésie, permettant aux participants d'interagir avec des actifs numériques conformes à la charia (RAMZ), avec des projets pour airdropper les RAMZ listés dans certaines communautés sélectionnées du BIMP.

GreenX, eine Sharia-konforme ESG-Digital-Asset-Börse, expandiert ihre Blockchain-Präsenz in Indonesien durch strategische Initiativen. Das Unternehmen führte vom 8. bis 10. Oktober 2024 ein Schulungsprogramm in Surabaya in Zusammenarbeit mit verschiedenen Institutionen, darunter das Dubai Blockchain Center, durch. Am 17. Oktober 2024 wurde eine strategische Vereinbarung mit dem Pondok Pesantren Darul Fiqih unterzeichnet, um die Blockchain-Technologie durch Islamische Internate zu fördern. GreenX plant, das BIMP-EAGA Digital Wallet in Indonesien einzuführen, um den Teilnehmern die Interaktion mit Sharia-konformen digitalen Assets (RAMZ) zu ermöglichen, mit dem Plan, gelistete RAMZ an ausgewählte BIMP-Gemeinschaften zu verteilen.

Positive
  • Strategic expansion into Indonesia's blockchain market
  • Partnership with Dubai Blockchain Center and local institutions
  • Plans to implement BIMP-EAGA Digital Wallet system
  • Targeting large Islamic population market in Indonesia
Negative
  • None.

Insights

This blockchain training and partnership initiative in Indonesia, while interesting for GreenX's regional expansion, lacks immediate financial impact or concrete business metrics to evaluate. The collaboration with educational institutions and Islamic boarding schools represents early-stage market development rather than material business progress. While Indonesia's large Muslim population offers potential for Shariah-compliant digital assets, the announced plans for BIMP-EAGA Digital Wallet and future RAMZ airdrops are still conceptual without specific timelines or economic details. The strategic value is offset by the preliminary nature of these developments and absence of clear revenue projections or investment metrics.

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / October 23, 2024 / Greenpro Capital Corp. (NASDAQ:GRNQ) Leading Shariah Compliant ESG Digital Asset Exchange GreenX are leading the blockchain adoption in Indonesia as the region's digital interest is rising fast.

From 8th - 10th October 2024, an intensive training for trainers was held in Surabaya, introducing blockchain technology to teachers, lecturers and blockchain enthusiasts. The event was a collaboration between Institut Teknologi Sepuluh (ITS), Digital Sharia Technologies and Asosiasi Dosen Integrator Desa (ADIDES), with support from Dubai Blockchain Center and GreenX. The event were graced by the presence of co-founder of Dubai Blockchain Center, Mr. Khalifa AlJaziri AlShehhi, who is also an Advisor to the Ministry of Economy of Dubai, CEO of Sphynx Lab Limited, Mr Zaidoun Al-Owbydi from New Zealand, and CXO of GreenX, Mr Philip Tam.

Director of Sharia Digital Technologies, Hambali said, "blockchain adoption is expanding rapidly in Indonesia, although the understanding of blockchain is still at its early stages compared to the global standard. We hope to train more trainers and lecturers starting from Universities in East Jawa, and slowly expand this to other regions in the country."

On 17th October 2024, a strategic collaboration agreement was signed between Pondok Pesantren Darul Fiqih from Lamongan, East Jawa, Dubai Blockchain Center and Sphynx Lab, to promote blockchain technology to young Indonesians through Pesantren, or traditional Islamic boarding school. The signing was witnessed by Consulate General RI for Dubai, Mr Denny Lesmana, and Kusuma Pradopo (HoC). The collaboration agreement was part of Comprehensive Economic Partnership Agreement between Indonesia and United Arab Emirates.

CXO of GreenX, Philip Tam commented, "Indonesia presents a huge opportunity for GreenX given that the majority of its population are Islamic and blockchain adoption is on the rise. Indonesia is also part of BIMP-EAGA, the high growth region in the Borneo-Sulu-Sulawesi corridors, which our Group Greenpro Capital is working closely with."

"We aim to use Indonesia as the first region to adopt BIMP-EAGA Digital Wallet, which allows participants to raise and invest funds through Shariah-Compliant Digital Assets (RAMZ). In the near future we will airdrop a portion of listed RAMZ to selected recipients of BIMP communities, with the objective to initiate wealth creation through digital means," Philip further added.

Further details about BIMP-EAGA can be found at https://www.bimp-eaga.asia/

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 (GRNQ) blockchain expansion plan in Indonesia for 2024?

GreenX is expanding in Indonesia through training programs and partnerships, including a strategic agreement with Pondok Pesantren Darul Fiqih, and plans to implement the BIMP-EAGA Digital Wallet system for Shariah-Compliant Digital Assets.

When did GreenX (GRNQ) conduct its blockchain training program in Surabaya?

GreenX conducted its blockchain training program in Surabaya from October 8-10, 2024, in collaboration with Institut Teknologi Sepuluh, Digital Sharia Technologies, and other partners.

What is GreenX's (GRNQ) BIMP-EAGA Digital Wallet initiative?

The BIMP-EAGA Digital Wallet is a platform that will allow participants to raise and invest funds through Shariah-Compliant Digital Assets (RAMZ), with plans to airdrop listed RAMZ to selected BIMP communities.

Greenpro Capital Corp.

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