Who regulates digital gold on Pluang, and where are transactions recorded?
Pluang's digital gold is facilitated by PT Pluang Emas Sejahtera (PT PES), licensed and supervised by Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi) as a Pedagang Emas Fisik Digital — 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. Three independent parties therefore sit between you and Pluang: the regulator, the exchange, and the clearing house.
Who does what in Pluang's gold chain:
| Party | Role |
|---|---|
| Bappebti | The Indonesian commodity futures regulator. Issues and supervises the licence under which Pluang's gold product operates. |
| PT Pluang Emas Sejahtera (PT PES) | The licensed Pedagang Emas Fisik Digital that facilitates the gold product itself. |
| 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 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 governing digital physical gold trading in Indonesia. Pluang holds licences under both OJK and Bappebti across its full product range, but gold specifically sits under Bappebti — OJK supervises Pluang's securities-side products.
Q: What does it mean that ICH "guarantees" my gold transaction?
Indonesia Clearing House stands behind the settlement of each recorded transaction, so the trade completes as recorded rather than depending on Pluang alone. ICH also co-appoints and licenses 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, the commodity and derivatives exchange. The IDX handles listed shares and has no involvement in Pluang's gold product.
Q: What is PT Pluang Emas Sejahtera?
It is the Pluang group entity licensed by Bappebti as a Pedagang Emas Fisik Digital, and the entity that facilitates the digital gold product you buy and sell in the app.