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Why Did Greenpro Capital (GRNQ) Stock Fall After-Hours Friday?

When last checked for pertinent news, Greenpro Capital Corp. (NASD: GRNQ) shares were down -2.48% to trade at $1.18. The price of GRNQ shares decreased by -1.63% on Friday to close at $1.21.

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What significant endeavor has GRNQ lately undertaken?

Recently, Greenpro Capital (GRNQ) announced the opening of Green-X, the world’s first Shariah-Compliant ESG Digital Asset Exchange. The Labuan Financial Services Authority (“LFSA”) of Malaysia granted Greenpro Capital a license to run such an exchange in April 2022. LFSA, International Shariah Research Academy (“ISRA”), ESG Global, and SME Association of Malaysia presided over the launch.

Four companies, BBS Trust International Limited in Labuan, Malaysia, Gan & Zul Advocates & Solicitors in Malaysia, SEATech Ventures in Hong Kong, and Ata Global Inc. in Singapore, are the four Digital Asset Exchange (“DAX”) Listing Sponsors that Green-X has contracted with.

By the end of this year, GRNQ anticipates at least 10 token issuers, including Cattle Queen Ranch and Koperasi Bersatu Tenaga Malaysia Berhad, to join Green-X. (“KOBETA”).

How GRNQ will be exploiting the market?

The asset tokenization market will increase 50 times from US$310 billion this year to US$16.1 trillion by 2030, according to global consulting company BCG, driven by demand from a variety of investors for better access to private markets. By drastically lowering minimum lot sizes, tokenization and fractionalization of assets minimize investment barriers in private markets.

Global investors are becoming more aware of the relationship between Islamic finance and ESG (environmental, social, and governance) investing, which has increased demand for Shariah-compliant investments as investors seek greater portfolio diversification and alternatives to more conventional ESG investments.

Islamic Finance and ESG Efforts:

Islamic finance and ESG investing complement each other as investment strategies and have a lot in common, such as the desire to be good stewards of both society and the environment. Both have solid procedures and regulations that they may learn from one another, and they both provide goods that appeal to both Muslim and non-Muslim investors.

The introduction of Green-X by Greenpro Capital is consistent with efforts made under the Labuan IBFC Blueprint to market Labuan as a reputable Islamic International Center. The Exchange is anticipated to play a major role in the creation of the Islamic Digital Asset Center, or IDAC, by embracing digital innovations to transform businesses beyond traditional models in order to improve market access, develop financial products, and encourage greater financial inclusivity.

How will GRNQ advance?

Because of the global trend toward ESG and decarbonization as well as the solid foundation of the Halal economy, Greenpro Capital (GRNQ) is sure that Green-X will soon surpass all other STO platforms as the largest in the world. GRNQ will consistently produce and provide greater value to its stockholders via these efforts.

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