Greenpro Capital Corp. announced that Malaysia's Labuan Financial Services Authority has granted a license to Greenpro Capital Corp. to establish and operate the world's first Shariah Compliant ESG Digital Assets Exchange.

In 2021, the crypto market's value skyrocketed from $965 billion to as much as $2.6 trillion, according to a Morningstar analysis of data from CoinGecko. The market capitalization now sits around $2.1 trillion. Meanwhile, developments within the cryptocurrency market, like Digital Assets, non-fungible tokens (NFTs) and decentralized finance (DeFi), which offers financial instruments like cyrpto lending via blockchain technology instead of traditional intermediaries like banks, have captured people's interest and attention.

The key objectives of Labuan FSA are to: Promote and develop Labuan as an international centre for business and financial services; Develop national objectives, policies and priorities for the orderly development and administration of international business and financial services in Labuan; and Act as the central regulatory, supervisory and enforcement authority of the international business and financial services industry in Labuan.