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GreenX and Nahdlatul Ulama (PWNU) Sign LOI for Shariah-Compliant Real World Asset Tokenization
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / June 20, 2024 / GreenX is honoured and excited to announce the signing of a Letter of Intent (LOI) this month, with
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR, MALAYSIA / ACCESSWIRE / June 20, 2024 / GreenX is honoured and excited to announce the signing of a Letter of Intent (LOI) this month, with Nahdlatul Ulama (PWNU) in Surabaya, Indonesia, one of the largest Islamic organizations globally with more than 120 million members. This collaboration aims to develop Shariah-compliant Real World Asset (RWA) tokenization, forming the basis of a new digital asset class that aligns with Islamic financial principles for the Indonesian community. The LOI signing ceremony took place after the TV9 Nusantara on June 6, 2024, and was attended by PWNU's Director of Economy, H. Hambali, along with key representatives from GreenX. H. Hambali commented, \"This partnership represents a significant step towards integrating innovative digital financial solutions with our commitment to Shariah principles. We look forward to leveraging this collaboration to benefit our community.\" GreenX also invited their Malaysian Shariah Scholar and lawyer, Khairil Anwar from Kuala Lumpur, to share their experiences and challenges in the tokenization of various RWA over the past two years.During the event, GreenX reiterate the Shariah pronouncement on three significant RWA listings: Dignity Gold, Brighsun Limited and Tai Shan Digital. These projects are currently listed on GreenX, and highlight the potential of tokenizing high-value assets and making them accessible to a broader audience.Indonesia, with its vast natural resources and one of the largest Islamic communities in the world, presents a unique opportunity for GreenX. The vision is to leverage the tokenization of Indonesia's green projects and technologies to develop a robust digital ecosystem and enhance the social economy.Philip Tam, Chief Exchange Officer of GreenX, stated, \"GreenX will adhere to its mission as the leading Shariah-compliant Digital Asset Exchange to provide high-quality tokenized assets to our community and the web3 space.\"Dr. CK Lee, Chief Executive Officer of Greenpro Capital Corp, stated, \"Since the launch of GreenX in 2022, we have been receiving request from Muslim and Middle East communities to deliver digital financial products that fulfill their ever-growing demands, especially on the Shariah aspect. Our STO and RWA tokens are innovative alternative investment products and we look forward to gaining more traction wit...