MALAYSIA: Stablecoin $ST is to be onboarded by April 2025 on GreenX, a Shariah compliant exchange. The initiative is a collaboration between $ST issuer PIH and GreenX operator Greenpro Capital, a Nasdaq-listed Kuala Lumpur-based company. Secured by a USD Reserve Portfolio, $ST is run under the Secured Security Token Program. Potomac Capital, a Hong Kong Securities & Futures Commission licensed corporation, is the arranger. GreenX is currently ramping up its global outreach, to address the limitations of traditional financial markets, such as insufficient liquidity and high entry barriers. The exchange will facilitate the digitization and securitization of assets previously unavailable for public investment.
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