The Philippine Securities and Exchange Commission (SEC) has granted DragonFi Securities final approval to test a product that gives eligible investors based in the Philippines access to preapproved U.S. equities and exchange-traded funds through an over-the-counter depositary receipt model. Testing will take place within the SEC StratBox regulatory sandbox under approved parameters and regulatory oversight. The model will consider each investor’s participation in the Philippine capital market when determining allowable exposure to foreign equities. The SEC will assess the offering’s viability, operational framework, investor protection measures and regulatory implications in a controlled environment, with the results potentially informing further changes to its regulations.
2026-09-24Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission approves DragonFi testing of US equity access in regulatory sandbox
The Philippine Securities and Exchange Commission has approved DragonFi Securities to test access to preapproved U.S. equities and exchange-traded funds through an over-the-counter depositary receipt model. The sandbox test will assess the offering’s viability, investor safeguards and regulatory implications.