GreenX to Onboard $ST Stablecoin
GreenX, a Shariah Compliant ESG Digital Asset Exchange owned by Greenpro Capital Corp. (NASDAQ:GRNQ), announces the integration of the $ST stablecoin on its platform by April 2025. The stablecoin, issued by PIH , represents a significant partnership between two regulated entities.
$ST is a tokenized security backed by a USD Reserve Portfolio under the Secured Security Token Program, managed by Potomac Capital , a licensed Hong Kong Securities & Futures Commission The stablecoin maintains a 1:1 ratio through a blockchain-based, audited framework that ensures reliable redemption capabilities.
GreenX, una piattaforma di scambio di asset digitali ESG conforme alla Shariah, di proprietà di Greenpro Capital Corp. (NASDAQ:GRNQ), annuncia l'integrazione del $ST stablecoin sulla sua piattaforma entro aprile 2025. Lo stablecoin, emesso da PIH, rappresenta una partnership significativa tra due entità regolamentate.
$ST è un titolo tokenizzato supportato da un portafoglio di riserve in USD nell'ambito del Programma di Token di Sicurezza Garantiti, gestito da Potomac Capital, una società autorizzata dalla Securities & Futures Commission di Hong Kong. Lo stablecoin mantiene un rapporto di 1:1 attraverso un framework auditato basato su blockchain che garantisce capacità di riscatto affidabili.
GreenX, un intercambio de activos digitales ESG compliant con la Sharia, propiedad de Greenpro Capital Corp. (NASDAQ:GRNQ), anuncia la integración del $ST stablecoin en su plataforma para abril de 2025. El stablecoin, emitido por PIH, representa una asociación significativa entre dos entidades reguladas.
$ST es un valor tokenizado respaldado por un portafolio de reservas en USD bajo el Programa de Tokens de Seguridad Asegurados, gestionado por Potomac Capital, una entidad autorizada por la Comisión de Valores y Futuros de Hong Kong. El stablecoin mantiene una relación de 1:1 a través de un marco auditado basado en blockchain que asegura capacidades de redención confiables.
GreenX는 Greenpro Capital Corp. (NASDAQ:GRNQ) 소속의 샤리아 준수 ESG 디지털 자산 거래소로, 2025년 4월까지 $ST 스테이블코인을 플랫폼에 통합할 것이라고 발표했습니다. 이 스테이블코인은 PIH에 의해 발행되며, 두 개의 규제된 기관 간의 중요한 파트너십을 나타냅니다.
$ST는 보안 토큰 프로그램에 따라 USD 준비 포트폴리오로 뒷받침되는 토큰화된 보안입니다. 이는 홍콩 증권선물위원회에 의해 허가된 Potomac Capital에 의해 관리됩니다. 이 스테이블코인은 신뢰할 수 있는 환매 기능을 보장하는 블록체인 기반의 감사된 프레임워크를 통해 1:1 비율을 유지합니다.
GreenX, une bourse d'actifs numériques ESG conforme à la charia, appartenant à Greenpro Capital Corp. (NASDAQ:GRNQ), annonce l'intégration du $ST stablecoin sur sa plateforme d'ici avril 2025. Le stablecoin, émis par PIH, représente un partenariat significatif entre deux entités régulées.
$ST est un titre tokenisé soutenu par un portefeuille de réserves en USD dans le cadre du Programme de Token de Sécurité Sécurisé, géré par Potomac Capital, une entité agréée par la Commission des Valeurs Mobilières et des Futures de Hong Kong. Le stablecoin maintient un ratio de 1:1 grâce à un cadre basé sur la blockchain et audité qui garantit des capacités de rachat fiables.
GreenX, eine Shariah-konforme ESG-Digital-Asset-Börse im Besitz von Greenpro Capital Corp. (NASDAQ:GRNQ), kündigt die Integration des $ST Stablecoins auf ihrer Plattform bis April 2025 an. Der Stablecoin, der von PIH ausgegeben wird, stellt eine bedeutende Partnerschaft zwischen zwei regulierten Unternehmen dar.
$ST ist ein tokenisiertes Wertpapier, das durch ein USD-Reserveportfolio im Rahmen des Gesicherten Token-Programms unterstützt wird, das von Potomac Capital, einer lizenzierten Hongkonger Wertpapier- und Terminmarktaufsichtsbehörde, verwaltet wird. Der Stablecoin hält ein 1:1-Verhältnis durch ein blockchain-basiertes, geprüftes Framework, das zuverlässige Einlösungsmöglichkeiten gewährleistet.
- Partnership with regulated stablecoin issuer expands GreenX's digital asset offerings
- Integration with audited, USD-backed stablecoin enhances platform credibility
- Regulated environment operation reduces compliance risks
- None.
Insights
Greenpro's GreenX exchange partnership with PIH to onboard the $ST stablecoin represents a strategic product expansion but with uncertain financial impact. As a micro-cap company with under
The $ST stablecoin enters an extremely competitive landscape dominated by established players like USDT and USDC with billions in market cap. While the regulatory compliance angle is noteworthy—with Hong Kong SFC-licensed Potomac Capital backing the token—this alone doesn't guarantee adoption or significant trading volume. The token's claimed advantages of redemption reliability and transparency are increasingly standard features in the stablecoin space rather than unique differentiators.
With implementation set for April 2025, this represents a future-oriented development rather than an immediate revenue driver. For a company of GRNQ's size, adding regulated products aligns with their Shariah-compliant, ESG-focused strategy, but without disclosed terms or volume projections, the material financial impact remains speculative. The partnership demonstrates continued execution on GreenX's regulated crypto exchange strategy without providing clear metrics for measuring success.
KUALA LUMPUR, MY / ACCESS Newswire / March 28, 2025 / Greenpro Capital Corp. (NASDAQ:GRNQ) Leading Shariah Compliant ESG Digital Asset Exchange GreenX is set to onboard the stablecoin "$ST" on its exchange by April 2025. This collaboration between GreenX and the "$ST" stablecoin issuer, PIH Limited, marks a major milestone in joint effort between the two regulated entities.
$ST is a tokenized securities which is secured by a USD Reserve Portfolio. The token is run under the Secured Security Token Program, a transparent and audited portfolio of assets held in segregated account to maintain a stable asset backing. The program is arranged by Potomac Capital Limited, a Hong Kong Securities & Futures Commission licensed corporation.
$ST ensures the security, transparency, sustainability, and reliability through the blockchain manifested and audited framework that one can be assured to redeem one's $ST at any time without being hindered by the obstruction due to unclear guidelines, obscurity of the portfolio backing $ST, or the market's sudden volatility which often are the factors leading to short of liquidity for redemption.
Robert Liu of Potomac Capital Limited ("Potomac Capital") said, "We seek to establish advantages over other stablecoins to be the Sustainable Token denominated in USD by incorporating the intricacies of the tokenization process and required infrastructure to maintain the integrity of the 1:1 ratio."
Greenpro Capital CEO Dr CK Lee further state, "Having $ST onboard to our exchange is a testament to the regulatory objective of both parties. We strongly believe in the utilization and adoption of blockchain technology in a regulated environment as the way forward."
About Potomac Capital Limited
Potomac Capital specializes in clients who wish to invest in fiat and tokenized income-generating real world assets ("RWA"), such as bullion, real assets, and private capital investments. Potomac Capital offers investment strategies and products that target returns corresponding to clients' risk profile. Potomac Capital is committed to building long-term relationships with clients who can benefit from its consistent and superior services and performance. For more information, please visit https://www.potomaccapitalltd.com/
About Green-X Corp
Green-X™ is a wholly-owned subsidiary of Greenpro Capital Corp (NASDAQ:GRNQ) and operates 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
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 ACCESS Newswire
FAQ
When will GRNQ's GreenX platform launch the $ST stablecoin integration?
What backs the $ST stablecoin on GRNQ's GreenX platform?
Who manages the $ST stablecoin's reserve portfolio for GRNQ's GreenX?
What makes the $ST stablecoin unique on GRNQ's GreenX exchange?
