GreenX making significant progress on the establishment of Islamic Digital Asset Exchange in Indonesia
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / July 30, 2024 / Following the signing of LOI for Shariah Compliant Real World Asset (RWA) Tokenization with Nahdlatul Ulama last month, GreenX CEO Philip Tam led further visits to PWNU East Java in Jombang and East Java Ulama Council (MUI) Office. The trip was accompanied by Sheikh Khalifa Aljarizi Alshehhi (Sheikh Khalifa), Co-Founder of Dubai Blockchain Center and Advisor to the UAE Ministry of Economy, and KH Abdul Hakim Mahfudz (Gus Kikin), Acting Chairman of PWNU East Java and Great-grandson of NU Founder.
This follow up visit was aimed at fostering close working relationship and exchange views on the global adoption and trend of Blockchain technology and how it can deploy and implemented in compliance with Islamic principles.
During the visit at Jombang's Tebu Ireng Islamic Boarding School, one of the largest Islamic Boarding Schools in Indonesia, Sheikh Khalifa explained, "the use of blockchain solutions and crypto payment is now very common in UAE and the Middle East, even Zakat payments have been accepted in the form of Crypto. Not only as a means of payment and settlement, Cryptography is also a key data security component of blockchain technology."
On the visit to East Java MUI, Philip Tam and Sheikh Khalifa also shared and exchange experiences/use cases about how Crypto is used in the UAE and other countries, including the first RWA tokenisation exhibition by GreenX held in Seoul in June 2024 which was attended by over 300 blockchain/crypto enthusiast and leading technology companies.
Philip Tam further explained, "whilst GreenX is the world first Shariah Compliant Exchange, our mission is to share the knowledge we have learned from Malaysia ISRA (International Shariah Research Academy for International Islamic Finance) and regulators, with our Indonesia partners and Islamic community. Tokenisation of RWA is an important asset class of Islamic Finance as Sheikh Khalifa has demonstrated so vividly in UAE. We need to equip our upcoming Islamic generations with up-to-date knowledge on technology and wealth management tools and alternatives."
Sheikh Khalifa explained that GreenX has accomplished a significant milestone in obtaining Shariah compliance in Malaysia from ISRA and other Shariah scholars for their RWA projects and he very much looked forward to the development of RWA Shariah Compliant platform in the Islamic and other jurisdiction under GreenX.
This visit was closed with a special interview held by TV9 Islamic TV in Surabaya, and informal dialogue with crypto/blockchain enthusiasts in Surabaya.
Dr. CK Lee, Chief Executive Officer of Greenpro Capital Corp, stated, "we are proud that GreenX has made significant stride in the world's largest Muslim country by population. We strongly believe that STO/RWA implementation on ESG Green projects will be widely adopted in ASEAN countries in the near future."
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About Nahdlatul Ulama
Nahdlatul Ulama (NU) can be classified as the largest Islamic organization worldwide, with around 121 million members. It has a long and proud history of promoting peace, tolerance, and social justice and has been a strong advocate for a moderate vision of Islam. In addition, the organization has been a leader in promoting inter-religious dialogue and has played an essential role in building bridges between different religious communities in Indonesia.
More information can be found at www.nu.or.id
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
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
Phone: +603-2201 3192
SOURCE: Greenpro Capital Corp.
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