The announcement of securing additional digital assets has significantly boosted the shares of Greenpro Capital Corp. (NASDAQ: GRNQ) on the US stock charts today. As of the latest market evaluation, GRNQ stock has risen by 40.56%, reaching $1.23.
Expansion of Digital Asset Portfolio
Greenpro Capital (GRNQ) revealed that its wholly owned subsidiary, Green-X Corp, has acquired digital assets exceeding US$100 million in value. This portfolio comprises Security Tokens and Stablecoins, which strengthens GreenX’s reputation and value as a regulated centralized exchange.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
Furthermore, Greenpro announced the fortification of its alliances through a strategic partnership involving Greenpro, GreenX, and Bank Islam Trust Company (Labuan) Ltd. This collaboration aims to create a strategic business alliance to offer diverse products and services, emphasizing the establishment of Labuan entities using the Labuan International Business and Financial Centre (LIBFC) as the primary jurisdiction.
Greenpro’s objective is to position Labuan as the central hub for the Islamic Digital Asset Centre (IDAC) catering to high-net-worth individuals and potential clients. The partnership with Bank Islam Trust is expected to facilitate Greenpro’s penetration into the Muslim and Middle Eastern markets, where there is substantial demand for digital asset investments.
Through GreenX, Greenpro plans to structure Security Token Offerings (STOs) and Real-World Asset (RWA) tokens as alternative investment products to meet this demand.
Strategic Collaboration with WENEW Labs
Last week, GreenX announced a collaboration with WENEW Labs, a community-driven, open-sourced, and decentralized Smart Ticketing platform, following the successful closure of its first-round token pre-sale on May 21, 2024. This token sale, exclusively available to selected members within the WENEW community, will support the launch of VPass, Asia’s inaugural Smart ticket issuance and trading platform.
WENEW Labs leverages blockchain technology to issue VPass, representing entry to events such as concerts, sports games, and festivals. Each VPass is a unique ticket that can be bought, sold, or transferred like a physical ticket but can be authenticated and verified on the blockchain.
VPass offers a more secure, transparent, and flexible method of managing and distributing tickets, with the potential to revolutionize the ticketing industry. Being selected by WENEW to list their RWA token on the GreenX platform will enable the provision of advanced blockchain-based e-ticketing services to the community.
