Greenpro Capital Corp. (NASDAQ:GRNQ). announce that it has signed a Public and Private Partnerships Investment Agreement with IHTHS Corporation, with the witness of BIMP-EAGA Business Council. The goal of this new partnership is to build a Shariah Compliant Digital Finance & Economic Zone, and to fulfill BIMP-EAGA’s initiative to drive innovation-based development and to facilitate and promote the development of Shariah Compliant Digital Finance Centre.
This new Digital Finance & Economic Zone will serve as a platform for high-quality commercial operators to co-participate in the development of the BIMP-EAGA region. This new zone will enable high-speed economic growth, with also keeping a firm focus on environmental, social, and governance best practices. Key elements include:
First Bullion Holdings Inc.(“First Bullion”), a Greenpro affiliate and leading Digital Asset Exchange and Security Token Offering will be the exclusive technology solution provider and advisor in the design, development, operations and compliance framework, listing rules, accreditation model and related technical considerations and requirements.
With more than 1.9 billion Muslims globally, the new Digital Finance & Economic Zone will be the first Syariah Compliant digital ecosystem to provide:
A number of Shariah Compliant projects and businesses have already been identified and will become the pilot STO cases for the New Digital Asset Exchange. They cover a wide range of industries from textile, pyrolusite water technology, agritech to logistics and supply chain.
Dr. CK Lee, Chief Executive Officer of GRNQ, shared his thoughts on the new Digital Economic Zone “The pandemic has hit overseas traveling very badly. However, the demand for e-commerce sales of Syariah Compliant-related products never stops. The new Digital Economic Zone can provide a comprehensive platform to meet users with all the Syariah Compliant demands. We will work closely with IHTHS and BDBEBC to develop a new ecosystem that is exciting while honoring the cultural and economic character of Brunei.”