Greenpro And Cryptosx of First Bullion Holdings Inc., Announce the Creation of a New Crypto Exchange in Malaysia as Well As The Creation and Onboarding of Stable Coins
Greenpro Capital Corp. (NASDAQ:GRNQ) has received a license from the Malaysian Government to operate a Digital Assets Exchange in Labuan, Malaysia. This venture, in collaboration with First Bullion Holdings Inc. and its CryptoSx platform, aims to launch the world’s first Shariah-compliant exchange. It will target previously inaccessible assets for public investment and facilitate trading of tokens, stable coins, and digitized assets, adhering to ESG principles. Greenpro anticipates that this initiative will unlock new investment opportunities in the ASEAN region.
- Acquisition of a license for a Digital Assets Exchange in Malaysia.
- Launch of the first Shariah-compliant exchange globally.
- Potential to tap into a nearly untapped market in the ASEAN region.
- Focus on ESG-compliant and carbon-free assets, appealing to socially-conscious investors.
- None.
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / May 12, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ). As recently announced, the Malaysian Government has given Greenpro Capital the License to operate a Digital Assets Exchange in Labuan, Malaysia. With this new license in mind, Greenpro Capital, and through its group company First Bullion Holdings Inc. who is the company behind CryptoSx, one of the top Securities Token Cryptocurrency Exchanges, will build and operate the world's first Shariah-compliant exchange. This exchange will facilitate the monetization of assets currently not available for Public Investment. Creating the first exchange of its' kind, Greenpro expects to capitalize on a previously nearly untapped market of the ASEAN Regions.
This Exchange will be onboarding and facilitating the trading of Tokens, Stable Coins, and other Digitized Assets. Priority and focus will be given to assets that are in line with ESG and carbon free principles.
Greenpro and First Bullion will, with Greenpro's connections to high net worth individuals and the governments of the ASEAN region, facilitate the creation of Stable coins predicated on assets such as real estate, minerals, currencies, government debt, and many other types of hard assets. Greenpro, of course, welcomes everyone to list their Tokens, Coins, and Assets on this new exchange, as long as the structure is compliant with Shariah Law and is ESG Compliant.
Greenpro Capital CEO, Dr. CK Lee said, "We expect this exchange to benefit the world, especially the ASEAN Region, allowing assets that have not been available to investors before and will become available with the opening of this new digital asset exchange."
About Labuan FSA
Labuan Financial Services Authority ("Labuan FSA") was established on 15 February 1996 under the Labuan Financial Services Authority Act 1996. Labuan FSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre ("Labuan IBFC").
The key objectives of Labuan FSA are to:
- Promote and develop Labuan as an international centre for business and financial services;
- Develop national objectives, policies and priorities for the orderly development and administration of international business and financial services in Labuan; and
- Act as the central regulatory, supervisory and enforcement authority of the international business and financial services industry in Labuan.
Labuan FSA licenses and regulates licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the Labuan laws and regulations and adhere to the international standards, which are adopted by the jurisdiction. Labuan FSA develops regulatory policies to ensure orderly conduct of business and financial services in Labuan IBFC.
For further information regarding the body, please visit https://www.labuanfsa.gov.my/default.aspx
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 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.
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.
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
SOURCE: Greenpro Capital Corp.
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FAQ
What is the new Digital Assets Exchange announced by Greenpro Capital?
What is the significance of the Shariah-compliant exchange for investors?
How will Greenpro Capital benefit from the new exchange?
