Green-X, Klaytn Foundation and CREDER Joint Force to Develop Global RWA Platform in DeFi Space

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KUALA LUMPUR, MALAYSIA / ACCESSWIRE / April 9, 2024 / Greenpro Capital Corp. (NASDAQ:GRNQ) Leading Shariah Compliant ESG Digital Asset Exchange Green-X has signed an MOU with Klaytn Foundation and Korea based CREDER to bring traditional real-world assets (RWA) into DeFi/Web3.0 ecosystem. The powerful combination will leverage Klaytn protocol high performance throughput, low transaction cost and vibrant communities, CREDER innovative blockchain solutions and Green-X expertise and track records in tokenization of RWA into security tokens and digital.

With the imminent merger of Klaytn and Finschia mainnet (codenamed Project Dragon) in June this year, Dragon Mainnet will have combined wallet users and Web 3 communities in excess of 35 million and 400,000 respectively. CREDER is one of the pioneers to issue real gold backed NFTs and gold tokens in collaboration with Korea Gold Exchange. CREDER will work with Green-X to create new RWA products, including rare gemstones, Chinese antiques, rare earth elements, real estates and more.

"Green-X started developing a security token marketplace four years ago to ensure compliance, financial discipline, and accountability on a centralized platform. Our collaboration with CREDER and Klaytn in the DeFi space is a game-changer for the RWA business, complementing each partner's strengths in their respective areas," commented Philip Tam, Chief Exchange Officer of Green-X.

Green-X plans to make a wide range of Shariah compliant physical based digital assets available on DeFi platforms, providing more convenience, user centric and diverse investment opportunities for users around the world.

"We are very pleased to see the steady tokenization of new real-world assets (RWAs) from various regions on the Klaytn mainnet. The foundation will strive to continue identifying and supporting DeFi projects that benefit our users, with the goal of creating mainstream DeFi adoption across Asia powered by our merged mainnet with Finschia," Sangmin Seo, Director of Klaytn Foundation.

"CREDER, which already issues gold NFTs and gold tokens, will quickly expand its market by launching various RWA products such as real estate and rare earths through this collaboration. We will collaborate with many global companies to become the largest RWA company in Asia," said Dae Hoon Lee, CEO of CREDER

About Green-X Corp

Green-X™ is a 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/

Email: philip@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, DirectorGreenpro Capital Corp.Email: ir.hk@greenprocapital.comPhone: +852-3111 7718

Contact Dennis Burns. Investor Relations.Tel (567) 237-4132dburns@nvestrain.comPhone: +603-2201 3192mycorp@greenprocapital.com

SOURCE: Greenpro Capital Corp.

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