GreenX to Launch Security Tokens Incubating ESG Sustainable Projects
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.
- GreenX plans to launch Green Token, a new security token focused on funding green-tech ESG companies.
- Announcement made at the Global Forum on Islamic Economics and Finance (GFIEF), adding credibility and visibility.
- Initiative aligns with the theme of 'Shaping a Resilient Global Islamic Economy Through Values-Based Reforms.'
- Green Token aims to support the tokenization of carbon credits, fostering a green community.
- Potential to attract investors interested in ESG and Islamic finance sectors.
- The launch is planned for 'the coming months' with no specific date, creating uncertainty.
- No financial figures or projected returns were provided in the announcement.
- Potential risks associated with the nascent market of security tokens and ESG projects.
Insights
The launch of Green Token by GreenX demonstrates a strategic move to tap into the growing market of ESG (Environmental, Social and Governance) investments, which have been gaining traction globally. From a financial perspective, this token can attract a new segment of investors interested in sustainable and socially responsible investments. This move could potentially increase the liquidity and diversification of GreenX's offerings, making it an attractive proposition for investors looking for innovative financial instruments. However, it is essential to assess the regulatory landscape concerning security tokens and their acceptance across different jurisdictions, which can impact the token's uptake and success. The integration of Carbon Credit Tokenization is particularly notable as it aligns with global efforts to combat climate change and adds a tangible benefit to holding the token. In the short-term, this launch might lead to increased investor interest and potential stock price appreciation as the market digests the news. Long-term success will depend on effective implementation and market adoption. Investors should also be mindful of the potential risks associated with the volatility of digital assets and regulatory uncertainties.
The announcement of Green Token aligns closely with emerging trends in the financial markets where sustainability and green technologies are becoming increasingly important. The move to launch a security token focused on ESG projects is innovative and resonates well with the current market sentiment towards ethical investments. This development places GreenX in a niche market with significant growth potential, especially among millennial and Gen Z investors who are more inclined towards sustainable investing. Additionally, the focus on Carbon Credit Tokenization is strategically sound, considering the rising importance of carbon credits in corporate sustainability strategies. This will likely enhance the token's appeal, providing an avenue for companies and individuals to offset their carbon footprint. However, market adoption will be crucial; if investors perceive the token as a reliable and valuable investment, it could see substantial uptake. Potential drawbacks include the general market's understanding and acceptance of security tokens, which is still relatively nascent. Therefore, extensive education and marketing efforts will be necessary to ensure robust adoption.
The introduction of Green Token as a security token represents a significant technological advance in the digital asset space. Security tokens differ from other digital assets like cryptocurrencies as they are backed by real assets and are subject to securities regulations. This provides a layer of security and credibility that can attract institutional investors who may be wary of the volatility associated with traditional cryptocurrencies. The technological backbone needed for security token issuance and management includes blockchain technology, smart contracts and strict compliance protocols. The mention of Carbon Credit Tokenization is a sophisticated use case demonstrating how blockchain can streamline, verify and ensure transparency in carbon trading markets. This can result in a more efficient, accountable system for managing and trading carbon credits, a priority in global sustainability efforts. However, the technology must be robust enough to handle scalability and security concerns, which can be a challenge. The success of this initiative will depend on the seamless integration of these technologies and the user trust in the system's reliability and security.
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / May 31, 2024 / Greenpro Capital Corp. (NASDAQ:GRNQ) Leading Shariah Compliant ESG Digital Asset Exchange GreenX plans to launch Green Token, a Security Token focused in nurturing and funding Green-Tech ESG companies in the coming months. This new development marks a significant step for GreenX to foster a vibrant green community.
During the recent Global Forum on Islamic Economics and Finance ("GFIEF") held on May 28 and 29, 2024, Chief Executive Officer of GreenPro Capital, Dr. CK Lee were among the panellists sharing on the topic of Unlocking the potential of Asset Tokenization in Islamic Finance. The discussion was in line with the GFIEF's theme of "Shaping a Resilient Global Islamic Economy Through Values-Based Reforms."
https://www.bernama.com/en/business/news.php?id=2302174
"The focus in developing Islamic finance is very much aligned to our Group's philosophy of social value economy. We will need to extend beyond traditional perspectives where technology and innovation should be the catalysts of growth. We see Green Token as an enabler to crystalize our vision of shared prosperity, which also include Carbon Credit Tokenization," said Dr. CK Lee.
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
CONTACT:
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
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