Greenpro Capital Corp. announced its ambitious venture into the burgeoning field of carbon credit tokenization. This Business Expansion will be conducted through its wholly owned subsidiary, Green-X (A Digital Asset Exchange Licensed by Labuan Financial Services Authority, Malaysia).

The global trend of decarbonization lead to a surge in demand for carbon credits which in turn lead to the valuation of carbon credit markets at USD 25.35 Billion in 2022 and these markets are expected to reach USD 145.04 Billion in valuation by 2030 at a CAGR of 24.4% between 2023 and 2030. The total value of carbon credits traded in the market to help entities achieve their net zero goals can be worth $1 trillion as early as 2037, according to a recent report by BloombergNEF. Carbon credit tokenization represents a significant leap forward in the battle against climate change.

By converting carbon credits into digital tokens on Green-X, a digital asset exchange based on blockchain technology. Blockchain enables increased transparency by storing data and transactions on a distributed ledger that is available to everyone on the network. Blockchain can be used for the selling of carbon credits while bringing together small buyers for carbon offset projects due to its transparency.