Business
Greenpro Provides Details on CryptoSX Exchange and Decentralized Finance (DeFi) Businesses
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / September 8, 2020 / Greenpro Capital Corp. (NASDAQ:GRNQ) today updated its shareholders about one of its core business
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR, MALAYSIA / ACCESSWIRE / September 8, 2020 / Greenpro Capital Corp. (NASDAQ:GRNQ) today updated its shareholders about one of its core business activities.Greenpro Capital Corp. (Nasdaq:GRNQ), headquartered in Kuala Lumpur, Malaysia (a Nevada corporation), is a business incubator and listed on Nasdaq in June 2018.Greenpro has within its portfolio a crypto exchange called CryptoSX. CryptoSX is a Digital Assets Exchange that allows issuers to tokenize and investors to buy and sell digital assets. With Greenpro's specialties in corporate finance advisory services, Greenpro believes it will be able to strategically develop and generate more business for CryptoSX in Asset Tokenization and Security Token Offerings (STO), especially through Greenpro's incubation division. Other potential business relating to CryptoSX includes assisting issuers to securitize their assets, such as public company securities, real estate, art, antiques and other valuable assets.ComplianceCryptoSX is compliant with all of the applicable financial and virtual exchange policies and regulations of the Philippine government under CEZA (Cagayan Economic Zone Authority). CryptoSX was awarded a Full Principal License by CEZA in 2018. Since then, CryptoSX has been working very closely with CEZA to further develop and enhance the STO listing procedures, compliance and reporting requirements. It is one of the very few exchanges that is operating with such a relevant license in Asia. CryptoSX has successfully completed 2 STO's and is working on a number of primary listing and secondary trading projects.SecurityThe CryptoSX Platform has been vetted by a variety of external, third-party security audit firms and penetration test consultants, and is certified per the CryptoCurrency Security Standard (CCSS). CryptoSX custodial and exchange wallet are protected against any single point of failure with multi-signature security and 3-key management.VisionWith the empowerment of world-leading technologies, CryptoSX is building a cutting edge crypto exchange platform for STOs backed by FIAT/Crypto conversion capabilities. Greenpro intends to become significantly involved in assisting companies in STO primary listings, STO secondary trading and to develop and launch a substantial decentralized finance \"DeFi\" business, including crypto lending.About DeFi, the futur...