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Greenpro Incubated Company Brighsun EV Group commence trading of 2UT STO token on Green-X
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / October 24, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced the 2UT STO token, issued by Australia's
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR, MALAYSIA / ACCESSWIRE / October 24, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced the 2UT STO token, issued by Australia's Brighsun EV Group, has started trading on October 23, 2023. Users can now trade 2UT token on Green-X, a Shariah-Compliant ESG Digital Asset Exchange licensed by Labuan Financial Services Authority (LFSA). Green-X is a wholly owned subsidiary of Greenpro Capital Corp. 2UT is the first Islamic digital asset, or RAMZ as known in Arabic, launched under Labuan's Islamic Digital Asset Centre or IDAC initiative that was unveiled by LFSA in October 2022. IDAC is a digital gateway that will play a significant role as a fund raising and investment hub in the global digital space, with a niche in Environmental, Social and Governance (ESG) and Shariah compliant activities. IDAC will facilitate companies especially SMEs to digitally securitise their assets to back their fund raising and issue token to be subscribed by investors and traded on the exchange. The underlying infrastructure of IDAC will be Shariah-compliant blockchain that will supplement the IDAC players and their products with Shariah-compliant smart contracts and decentralised applications.Brighsun CEO, Nicholas Lee said, \"We are excited to be the first RAMZ to trade on Green-X. We intend to use the funds raised to initiate the first batch of car production. We are committed in delivering the first car to our customers in a year's time.\"Greenpro CEO, Dr. CK Lee said, \"We welcome Malaysia's recent 2024 Budget announcement that offers fiscal incentives for Labuan Business and Finance Centre (Labuan IBFC) to support the development of the center into an Islamic financial hub. The full income tax exemption for five years would give us great incentives to continue promoting Islamic finance activities in this region. We look forward to a few more STO listing on Green-X before the year ends.\"About Brighsun LimitedBrighsun New Energy's Lithium Iron Phosphate (LFP) battery won the Guinness World Record in Nov 2015 for the Greatest Distance travelled by an Electric Bus (non-solar) on a single electric charge - 1,018 kms.https://www.youtube.com/watch?v=8ofjOC6EMfMThrough nearly 8 years of research, the scientists at Brighsun New Energy have successfully developed new lithium-sulphur (Li-S) battery cathode material with an energy density...