GreenX targets 10 to 15 security token launches in 2024

GreenX will be going for at least 10 tokenized offerings by end of year 2024, Chief Exchange Officer Philip Tam told IFN Investor, a leading digital Islamic finance publication. Philip Tam highlighted the next Security Token Offering, with initial tokenized listing around $20 mil, would be the largest gemstones collection in Southeast Asia, “These Real-World Assets- whether sapphire, rubies, emeralds or diamonds – each have a Gemological Research Association report to certify their intrinsic values.” In accordance to its ESG initiative, GreenX would also be pushing for three green sustainable technology projects from Indonesia, including a perpetual electromagnet generator, waste engine oil to green diesel catalyst, and pure drinking water creation. These projects can then potentially produce carbon credits to reward both the issuers and retail investors, “Our then tokenized carbon credits will be for small players like farms and SMEs, and even the average person keen to contribute to helping Earth’s environment.”