Greenpro Capital Corp.: GreenX Leads the Charge in Indonesia's Blockchain Development

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / October 23, 2024 / Greenpro Capital Corp. (NASDAQ:GRNQ) Leading Shariah Compliant ESG Digital Asset Exchange GreenX are leading the blockchain adoption in Indonesia as the region's digital interest is rising fast.

From 8^th - 10^th October 2024, an intensive training for trainers was held in Surabaya, introducing blockchain technology to teachers, lecturers and blockchain enthusiasts. The event was a collaboration between Institut Teknologi Sepuluh (ITS), Digital Sharia Technologies and Asosiasi Dosen Integrator Desa (ADIDES), with support from Dubai Blockchain Center and GreenX. The event were graced by the presence of co-founder of Dubai Blockchain Center, Mr. Khalifa AlJaziri AlShehhi, who is also an Advisor to the Ministry of Economy of Dubai, CEO of Sphynx Lab Limited, Mr Zaidoun Al-Owbydi from New Zealand, and CXO of GreenX, Mr Philip Tam.

Director of Sharia Digital Technologies, Hambali said, "blockchain adoption is expanding rapidly in Indonesia, although the understanding of blockchain is still at its early stages compared to the global standard. We hope to train more trainers and lecturers starting from Universities in East Jawa, and slowly expand this to other regions in the country."

On 17^th October 2024, a strategic collaboration agreement was signed between Pondok Pesantren Darul Fiqih from Lamongan, East Jawa, Dubai Blockchain Center and Sphynx Lab, to promote blockchain technology to young Indonesians through Pesantren, or traditional Islamic boarding school. The signing was witnessed by Consulate General RI for Dubai, Mr Denny Lesmana, and Kusuma Pradopo (HoC). The collaboration agreement was part of Comprehensive Economic Partnership Agreement between Indonesia and United Arab Emirates.

CXO of GreenX, Philip Tam commented, "Indonesia presents a huge opportunity for GreenX given that the majority of its population are Islamic and blockchain adoption is on the rise. Indonesia is also part of BIMP-EAGA, the high growth region in the Borneo-Sulu-Sulawesi corridors, which our Group Greenpro Capital is working closely with."

"We aim to use Indonesia as the first region to adopt BIMP-EAGA Digital Wallet, which allows participants to raise and invest funds through Shariah-Compliant Digital Assets (RAMZ). In the near future we will airdrop a portion of listed RAMZ to selected recipients of BIMP communities, with the objective to initiate wealth creation through digital means," Philip further added.

Further details about BIMP-EAGA can be found at https://www.bimp-eaga.asia/

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.
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Contact Dennis Burns. Investor Relations.
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SOURCE: Greenpro Capital Corp.

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