GCash’s stock investment platform, GStocks, is preparing to expand internationally with a new initiative called GStocks Global, which will allow users to invest in global stocks.
The platform is currently under development, and GCash is working with regulators to finalize the project details
The Securities and Exchange Commission (SEC) has received a sandbox application for GStocks Global and will evaluate it based on the SEC Strategic Sandbox guidelines.
Approval for the project will require clearance from the commission en banc, which oversees regulatory sandbox testing.
GStocks PH, the local counterpart, has seen rapid growth, with over 800,000 registered users and the ability to invest in more than 280 companies listed on the Philippine Stock Exchange.
Source: PhilNews24 | September 6, 2024
GSTOCKS PREPARES FOR WORLDWIDE MARKET ENTRY
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