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Pluang PH, GCash join SEC regulatory sandbox for US stock investing
The Securities and Exchange Commission (SEC) has approved Macodimarc Technology Corp. (Pluang PH) and G-Xchange, Inc. (GCash) to pilot investment platforms within its regulatory sandbox.
Pluang PH, a partnership between Indonesia-based Pluang and Filinvest Group's Fdev Digital Innovations and Ventures Inc., will test its Flow mobile app, allowing up to 1,000 users to trade select U.S. securities from the NYSE and NASDAQ.
GCash's GStocks Global service will undergo a 24-month pilot, offering app-based access to global equities for up to 2 million participants.
SEC Chairperson Emilio B. Aquino stated that the sandbox framework ensures innovation can flourish while maintaining investor protection and market integrity.
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