GreenX Aims to Kickstart Tokenization of Carbon Credit in Cambodia

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / May 17, 2024 / Greenpro Capital Corp. (NASDAQ:GRNQ) GreenX made a working visit to Cambodia to establish action points for Environmental, Social and Governance ("ESG") and Climate Change related policies. The visit was under the invitation of His Excellency Preap Kol, Minister attached to the Prime Minister of Cambodia, to address and establish specific fields such as Carbon Credit Alliance, Climate Action Alliance, Security Token Offering ("STO") Alliance etc.

During the Global Climate Action Forum 2024 ("GCAF 2024") held in Phnom Penh, GreenX signed Memorandum of Understandings ("MoU") with W-Foundation's member company, KS Green, with scope of collaboration focusing on five key areas as below:

(a)		Develop STO & RWA ("Real World Assets") Project and cooperation for both parties benefit in a common goal.
(b)		Support on Project Financing Accessibilities
(c)		Educational Program, Training, and Study Exchange
(d)		Resource Sharing and Capacity Building On Technical and Consultation
(e)		Industry Standards and Best Practices for technology in collaboration

News coverage of the event can be found at https://www.khmertimeskh.com/501489781/cambodia-highlights-climate-cha ...

Foto: Accesswire

"We have identified a pilot location covering more than 30,000 hectares of palm oil and rubber estates as the starting point for our carbon credit tokenization project. We see potential to further develop this area with sustainable features such as Green ESG Industrial Park, Green Port and Green Smart Cities," said Dr. CK Lee, CEO of GreenPro Capital.

GreenX also made a courtesy visit to Digital University of Cambodia ("DUC"), an institution approved by the Government of Cambodia to drive digitalization among the youth population. More than 1,400 students in DUC are enrolled in programming, IT, and digital research syllabuses that will improve and raise the knowledge and skill level of young Cambodians. GreenX is keen to explore strategic collaboration with DUC to nurture talents in the fintech and digitalization space. More information can be found at https://www.facebook.com/DUCambodia