Greenpro Capital Corp. announced it had launched the World's first Shariah-Compliant ESG Digital Asset Exchange, Green-X. Greenpro Capital was granted the license to operate such exchange by Malaysia'sLabuan Financial Services Authority in April 2022. The launch was officiated by LFSA, International Shariah Research Academy, ESG Global and SME Association of Malaysia.

There are four Digital Asset Exchange Listing Sponsor engaged by Green-X, namely BBS Trust International Limited, Gan & Zul Advocates & Solicitors, SEATech Ventures Corp. and Ata Global Inc. Green-X is expecting at least 10 token issuers to come on board by the end of this year, including Cattle Queen Ranch and Koperasi Bersatu Tenaga Malaysia Berhad. According to global consulting firm BCG, the asset tokenization market will grow 50 times from $310 billion in this year, to $16.1 trillion by 2030, driven by demand from a wide range of investors for greater access to private markets.

Tokenization and fractionalization of assets lower barriers to investment in private markets by sharply reducing minimum lot sizes. The launch of Green-X is in line with the initiatives under the Labuan IBFC Blueprint to promote Labuan as a well-recognised Islamic International Centre. The Exchange is expected to be the main driver in contributing to the establishment of Islamic Digital Asset Center, or IDAC, embracing digital innovations to transform businesses beyond conventional model to improve market access, evolve financial products and promote greater financial inclusivity.