Greenpro Capital Launches Shariah-Compliant Green Token on GreenX Digital Exchange

Greenpro Capital Corp. (GRNQ) has introduced Green Token on GreenX, a Shariah Compliant ESG Digital Asset Exchange. This marks the fifth Real-World Asset (RWA) project on the platform, solidifying Greenpro's commitment to the digital asset sector while adhering to ethical investment standards.

Greenpro Capital Corp. (GRNQ) has announced the introduction of Green Token (XGT) on GreenX, a Shariah Compliant ESG Digital Asset Exchange. This marks the fifth Real-World Asset (RWA) project on the platform, underscoring Greenpro's commitment to the digital asset sector while adhering to ethical investment standards.

Green Token, an RWA token focused on nurturing and funding Green-Tech ESG companies, will be listed on GreenX. The token's underlying assets will be backed by equities and assets that carry sustainable features as stipulated by the United Nations. The initial offering will circulate 2.5 million tokens at 0.20 USDT per token, representing just 1.49% of the total supply of 168 million tokens. This limited initial circulation aims to maintain the token's scarcity and value [1].

Funds raised through Green Token will be invested in projects such as sustainable farming and renewable energy. Carbon credits generated from these projects will be pledged back to XGT, potentially creating a self-reinforcing appreciation cycle. The first project under XGT's umbrella is Dorod Group Berhad, which revolutionizes modern agriculture through aeroponic farming technology. This technology offers a 40-fold increase in crop yield, a 98% reduction in water usage, and substantial energy savings of 80-95% compared to traditional farming techniques [2].

Governance of XGT will be managed by a dedicated council of professionals, ensuring stringent oversight and adherence to ESG standards. This structured approach should appeal to institutional investors seeking both ESG compliance and proper fiduciary controls, critical elements for mainstream RWA token adoption [3].

Greenpro Capital Corp. has also recently finalized a private placement agreement with accredited investors, resulting in the sale of 500,000 shares at $1.00 each, yielding $500,000 in gross proceeds. These funds are intended for the company’s operating capital. Additionally, Greenpro Capital has received a notification from NASDAQ regarding non-compliance with the minimum bid price requirement and plans to list a new stablecoin, "$ST," on GreenX by April 2025 [4].

These developments highlight Greenpro Capital's ongoing strategic efforts in both financial and digital asset sectors, positioning it as a leader in the integration of blockchain technology in regulated environments [5].

References:
[1] https://www.gurufocus.com/news/2926281/grnq-greenpro-capital-introduces-green-token-on-shariah-compliant-digital-exchange-grnq-stock-news
[2] https://ca.investing.com/news/company-news/greenpro-capital-launches-green-token-for-esg-investments-93CH-4064030
[3] https://www.gurufocus.com/news/2926282/green-token-xgt-will-be-listed-on-greenx-grnq-stock-news
[4] https://www.stocktitan.net/news/GRNQ/green-token-xgt-will-be-listed-on-green-2dqadw1z2mnh.html
[5] https://www.newswire.com/news/green-token-xgt-will-be-listed-on-greenx