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DragonFi Securities Tests New Market Access Under SEC Strategic Sandbox

2 reports, 1 independent Updated Sep 23
No new developments lately Reached 2 outlets in its first 24 hours
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New informationRepeats or wire copies

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What happened

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DragonFi Securities, Inc. received approval from the Securities and Exchange Commission to test a new market access platform. This test, conducted under the SEC Strategic Sandbox, allows qualified Philippine investors to access selected foreign stocks and exchange-traded funds (ETFs). Access to these foreign securities would be through OTC depositary receipts, linked to the investor’s existing Philippine holdings.

From bworldonline.com

Why it matters

Some supportBrind's analysis of the reports

The company stated it is the first licensed Philippine broker-dealer to test this specific OTC depositary receipt structure under the Strategic Sandbox. The framework allows investors to access foreign securities up to 50% of the value of their local holdings, depending on the investment type.

From bworldonline.com

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