Green-X Receives Award from ESG Association Malaysia


Greenpro Capital Corp. proudly announces that its Digital Asset Exchange, Green-X, has been honored with a special Appreciation Award from ESG Association Malaysia (ESGAM). The recognition applauds Green-X for establishing the world’s first Shariah-compliant Carbon Credit Tokenization Platform and for its significant contributions to Environmental, Social, and Governance (ESG) initiatives in Malaysia.

Green-X, recognized as the world’s first Shariah-compliant ESG Digital Asset Exchange, garnered attention for its innovative approach towards providing small and medium-sized entrepreneurs access to regulated fundraising platforms. Launched in September 2022, the platform focuses on evolving financial products to promote greater financial inclusivity. A core product of Green-X is the Security Token Offering (STO), designed to assist underserved businesses in digitizing, securitizing, and tokenizing their illiquid assets for fundraising and business development.

In response to the global trend towards ESG and decarbonization, Green-X anticipates attracting international issuers to list on its Shariah-compliant ESG Digital Asset Exchange.

Mr. Cheah Kok Hoong, President of ESG Association Malaysia, commended Green-X’s contributions, stating, “We appreciate Green-X’s contribution to ESGAM for the establishment of ESG Quick Start Guide for SMEs (‘ESG101’) to help our members and SMEs in adopting ESG practices. We strongly believe that this ESG101 represents a small step forward for our Association, but a giant leap forward for ASEAN countries in embracing ESG initiatives.”

Dr. CK Lee, CEO of Greenpro, expressed the strategic role of Labuan and Malaysia in the future of carbon credit tokenization. He affirmed Green-X’s commitment to collaborate with regulators, finance, and industry partners in the ASEAN region to establish Green-X as a digital hub for carbon credit tokenization.


About ESG Association of Malaysia

ESG Association of Malaysia comprises professionals from various sectors, including business, academia, finance, legal, and the third sector. The association aims to be a catalyst, facilitator, and enabler for ESG adoption and development in Malaysia, aligning with the Sustainable Development Goals (SDG17) of the United Nations.

About Green-X Corp.

Green-X Corp. is a wholly owned subsidiary of Greenpro Capital Corp. and operates as a licensed Exchange operator under Labuan Financial Services Authority (LFSA), Malaysia. As the world’s first Shariah-compliant ESG Digital Asset Exchange, Green-X facilitates the trading of Tokens, Stable Coins, and other Digitized Assets. The exchange prioritizes assets in line with ESG and carbon-free principles.

About Greenpro Capital Corp.

Greenpro Capital Corp. is a business incubator headquartered in Kuala Lumpur, with strategic offices across Asia. The corporation’s diversified business portfolio spans finance, technology, banking, health, wellness, fine art, and more. With three decades of experience, Greenpro provides cross-border business solutions, venture capital services, and accounting outsourcing to businesses and High-Net-Worth Individuals globally.


Image by Eutah Mizushima from Unsplash

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