Greenpro's CryptoSX Lands Historic Billion Dollars Security Token Offering

Rhea-AI Summary

Greenpro Capital Corp. (NASDAQ: GRNQ) has chosen its CryptoSX Digital Asset Exchange as the platform for trading the DIGau Security Token from Dignity Corporation. This token, backed by a minimum of $6 billion in U.S. gold reserves, offers investors a secure investment opportunity in precious metals. CryptoSX aims to redefine investor perceptions through its focus on Security Token offerings (STOs). Greenpro's CEO highlighted the growing cryptocurrency regulation and the potential of security tokens as a viable fundraising method.

Positive

• CryptoSX selected for DIGau Security Token trading, enhancing visibility.
• DIGau token backed by $6 billion in gold reserves, providing investor confidence.
• CryptoSX has completed 10 STO projects, showcasing growth and experience.

Negative

• None.

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / November 16, 2021 / Greenpro Capital Corp. (NASDAQ:GRNQ) announced its CryptoSX Digital Asset Exchange ("CryptoSX") has been selected by Dignity Corporation ("Dignity Corp") as its listing and trading platform for DIGau Security Token ("Digau token").

https://www.marketscreener.com/news/latest/Dignity-Corporation-DIGau-Token-Approved-for-Listing-on-CryptoSX-Digital-Asset-Exchange--37031869/

With a minimum of $6 billion gold reserves in the United States, listing the DIGau token provides investors the opportunity to benefit from the precious minerals sector in the United States. This acts as an added peace of mind that is not available in generic digital assets or cryptocurrencies. For the last three years, CryptoSX has been focusing on redefining the traditional investor mindset through the development of Security Token platforms and have now completed a total of 10 STO projects with accreditation from CEZA ("Cagayan Economic Zone Authority") in the Philippines.

"Dignity has created security investment opportunities in the United States' precious metal sector," said Philip Tam, Founder & CEO of CryptoSX. "Digital or cryptocurrencies are a very high-risk investment and therefore creating real intrinsic value is difficult. Dignity bridges the gap by following the same standards required by all publicly traded companies. This is perhaps the most important contribution to the ultimate success of DIGau Token."

Greenpro CEO, Dr. Lee said, "Parallel to the rapid growth of the cryptocurrency industry is the rapid growth of cryptocurrency regulation, STO is considered to be a very efficient method of alternative financing. Traditional fundraising methods are becoming increasingly complex to access, and many businesses have started to look at blockchain technology for raising funds. As a result, security tokens have become a possible investment vehicle that allows businesses to reverse the financial pyramid and democratize the capital markets. We see CryptoSX reaching the critical mass to take off in 2022 and we are very excited to be working towards developing a global blockchain based digital ecosystem."

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.

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.

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.

CONTACT:

Gilbert Loke, CFO, Director
Greenpro Capital Corp.
Email: ir.hk@greenprocapital.com
Phone: +852-3111 7718

SOURCE: Greenpro Capital Corp.

View source version on accesswire.com:
https://www.accesswire.com/673088/Greenpros-CryptoSX-Lands-Historic-Billion-Dollars-Security-Token-Offering

FAQ

What is the significance of the DIGau Security Token listing on CryptoSX?

The DIGau Security Token's listing on CryptoSX offers a unique investment backed by substantial gold reserves, enhancing its appeal to investors.

How much gold reserves back the DIGau Security Token?

The DIGau Security Token is backed by a minimum of $6 billion in gold reserves located in the United States.

When was the announcement made regarding CryptoSX and DIGau Token?

The announcement was made on November 16, 2021.

What are the goals of CryptoSX in 2022?

CryptoSX aims to achieve critical mass and expand its offerings within a global blockchain-based digital ecosystem in 2022.