Benzinga | Dec 28, 2021 09:47AM EST

Greenpro Says Establishing Shariah Compliant ESG Digital Asset Exchange And NFT Marketplace in Labuan, Malaysia

Greenpro Capital Corp. (NASDAQ:GRNQ) today announced it had made a license application to Labuan Financial Services Authority ("Labuan FSA") to the establishment of Shariah Compliant Digital Asset Exchange.

The Digital Asset Exchange will offer the following services:

2 Security Token Offering ("STO")

4 NFT Marketplace

6 Carbon Credit Exchange

8 Cryptocurrency Exchange

Malaysia's Labuan was first declared as an International Offshore Financial Centre and Free Trade Zone back in 1990. The set-up Labuan FSA in 1996 by the Government as a single regulator has seen the number of active companies reaching 5,200 from over 125 countries, including well-known banks such as HSBC, DBS, Sumitomo, BNP Paribas, Goldman Sachs etc.

https://www.labuanfsa.gov.my/default.aspx

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. Due to the world's trend moving towards ESG and decarbonization, and the successful track record in our CryptoSX Digital Exchange, we are expecting a large number of international issuers to list on our Shariah Compliant ESG Digital Asset Exchange."