What Is PT Pluang Emas Sejahtera, and Who Regulates Gold on Pluang?
PT Pluang Emas Sejahtera (PT PES) is the Pluang group company that facilitates the digital gold you buy and sell in the Pluang app, licensed and supervised by Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi) as a Pedagang Emas Fisik Digital under permit number 001/BAPPEBTI/P-ED/01/2022. Pedagang Emas Fisik Digital is Indonesia's regulatory category for digital physical gold traders. Every gold transaction is recorded at Bursa Komoditi dan Derivatif Indonesia (ICDX) and guaranteed by Indonesia Clearing House (ICH). ICH and PT ICDX Logistik Berikat (ILB) are also the two bodies that appoint and license the depository holding the physical gold, which is owned by Brink's. Three independent parties therefore sit between you and Pluang: the regulator, the exchange and the clearing house, and no single party, Pluang included, holds every role in the chain.
Who does what in Pluang's gold chain
| Party | Role |
|---|---|
| Bappebti | The Indonesian commodity futures regulator. Issues and supervises the licence under which Pluang Gold operates. |
| PT Pluang Emas Sejahtera (PT PES) | The licensed Pedagang Emas Fisik Digital (permit 001/BAPPEBTI/P-ED/01/2022) that facilitates the gold product. |
| Bursa Komoditi dan Derivatif Indonesia (ICDX) | The licensed Indonesian commodity exchange where every Pluang gold transaction is recorded. |
| Indonesia Clearing House (ICH) | The clearing house that guarantees Pluang gold transactions, and co-appoints the licensed gold depository. |
| PT ICDX Logistik Berikat (ILB) | Together with ICH, appoints and licenses the depository where the physical gold is stored. |
| PT Brinks Solutions Indonesia (Brink's) | Owns the depository, stores the physical gold, and insures it. |
Why this structure matters. Because your transactions are recorded at ICDX and guaranteed by ICH, the record of what you own exists independently of Pluang's own systems. The licensing of the depository is likewise handled by ICH and ILB rather than by Pluang. No single party, Pluang included, holds every role in the chain.
Related questions:
Q: Is Pluang's gold regulated by OJK or by Bappebti?
By Bappebti, through PT Pluang Emas Sejahtera. Bappebti is the authority that governs digital physical gold trading in Indonesia, and PT PES holds its Pedagang Emas Fisik Digital licence under permit number 001/BAPPEBTI/P-ED/01/2022. Pluang holds licences under both OJK and Bappebti across its full product range, but gold specifically sits under Bappebti, while OJK supervises Pluang's securities-side products. Each Pluang product sits under the regulator for its asset class.
Q: What does it mean that ICH "guarantees" my gold transaction?
Indonesia Clearing House stands behind the settlement of each recorded gold transaction, so the trade completes as recorded rather than depending on Pluang alone. Together with ICDX, which records every transaction, this creates a record of what you own that exists independently of Pluang's own systems. ICH also co-appoints and licenses, with PT ICDX Logistik Berikat (ILB), the depository where your physical gold is held.
Q: Is my gold recorded on the Indonesia Stock Exchange (IDX)?
No. Gold is a commodity, so it is recorded at ICDX, Bursa Komoditi dan Derivatif Indonesia, the commodity and derivatives exchange, and guaranteed by ICH. The Indonesia Stock Exchange (IDX) handles listed shares and has no role in Pluang Gold. Your Pluang Gold is not a share and does not sit in a securities account; it is a balance of physical gold held for you in grams.
Q: Does PT Pluang Emas Sejahtera store my gold itself?
No. PT PES facilitates the product, but the physical gold is stored in a depository owned by PT Brinks Solutions Indonesia (Brink's), which Indonesia Clearing House (ICH) and PT ICDX Logistik Berikat (ILB) appoint and license. All the gold is fully insured and stored by Brink's, and it is kept separate from Pluang's own company assets. The article “Is Pluang Gold safe, and where is my gold stored?” (GOLD-PROD-G-001) explains the custody chain in full.