The Philippine Securities and Exchange Commission has approved Macodimarc Technology Corporation (Pluang PH) and G-Xchange, Inc. (GCash) to enter the SEC Strategic Sandbox (StratBox), enabling both firms to pilot their platforms in a live but controlled regulatory environment. StratBox, implemented through SEC Memorandum Circular No. 9, Series of 2024, can include regulatory relief by modifying or replacing specific licensing, registration, compliance, or other requirements during the testing period. Pluang PH will test a mobile application that allows retail investors to trade and invest in U.S. securities that are pre-selected by the applicant and pre-approved by the SEC, with the underlying securities listed on the New York Stock Exchange and/or the National Association of Securities Dealers Automated Quotations. Its sandbox run is set for six months and is limited to a controlled group of up to 1,000 qualified buyers and retail users. GCash will test GStocks Global, which aims to provide simplified and unified access to global stock markets within its application, with a 24-month sandbox period and up to 2 million participants. Both participants must provide regular updates to the SEC on progress, testing outcomes, and issues encountered, and must obtain SEC approval before changing their testing plans. StratBox testing can end through successful completion, early termination by the SEC, or voluntary withdrawal by the participant. Where testing is successfully completed, the SEC may approve the product for offering to the general public.

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