The Philippine Securities and Exchange Commission (SEC) has approved Blockshoals Technologies, Inc. to test its financial products and services in the SEC StratBox regulatory sandbox, granting in-principle approval for entry subject to completion of remaining requirements. Implemented under SEC Memorandum Circular No. 9, Series of 2024, StratBox allows firms to test innovative products or services in a live but controlled environment and may provide regulatory relief by modifying or replacing specific licensing, registration, compliance, or other requirements during the sandbox period. Blockshoals is a domestic fintech that acts as a technology and infrastructure intermediary for virtual asset services and has partnered with a global crypto exchange to operationalize its proposed test; the testing period is set for 24 months and may be shortened or extended after the first year following periodic review. With Blockshoals’ approval, four entities are now testing in StratBox, including two related to offerings of US equities and one involving tokenized real estate. Blockshoals must meet the SEC’s remaining conditions, while the Commission continues reviewing other applications and remains open to new sandbox proposals.
Philippine Securities and Exchange Commission 2025-11-18
Philippine Securities and Exchange Commission grants in-principle StratBox sandbox entry to Blockshoals Technologies
The Philippine Securities and Exchange Commission has granted Blockshoals Technologies, Inc. in-principle approval to test its financial products in the SEC StratBox regulatory sandbox, pending completion of remaining requirements. Established under SEC Memorandum Circular No. 9, Series of 2024, StratBox allows firms to test innovative products in a controlled environment with potential regulatory relief. Blockshoals, a fintech intermediary for virtual asset services, joins three other entities in the sandbox, with a testing period set for 24 months.