Greenpro Capital (GRNQ) Consolidate its Digital Asset Exchange Businesses with CryptoSX

March 15, 2023 9:03 AM EDT

Greenpro Capital Corp. (NASDAQ: GRNQ) today announced the merger of its wholly owned Green-X Corp ("Green-X") and CryptoSX to develop the world largest STO platform.

Green-X is the first Shariah Compliant ESG Digital Asset Exchange licensed by the Malaysia's Labuan Financial Services Authority. CryptoSX is one of earliest digital asset exchange under Cagayan Economic Zone Authority in Philippines to focus on Security Token Offering and has 10 STO listed since 2019.

Greenpro is a strategic investor of CryptoSX since 2020 and the merger will leverage the Greenpro vast experience on business incubation, investment advisory and successful track records in Nasdaq listing, Green-X expertise on Islamic finance and ESG investing and CryptoSX knowledge on digital compliance, blockchain, tokenization and digital payments.

Green-X will be the leader in digital finance, driving digital innovations to transform businesses beyond conventional models to offer superior market access, alternative investment classes to a broader group of investors through the digital space.

Cryptosx CEO and Founder, Philip Tam said: "We have a shared belief with GreenX that seamless integration and unified access to digital assets is fundamental to the future and where we want to be positioned."

Greenpro CEO and Founder, Dr. CK Lee said: "Labuan and Malaysia will play a key role in the future of cryptocurrency adoption in Halal communities. We will actively work with the regulators, finance and industry partners to develop our combined exchange in a compliant way."

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