The Philippine Securities and Exchange Commission has granted final approval for BlockShoals Technologies Inc. to test its crypto-asset intermediary model under the SEC Strategic Sandbox. The model will allow Philippine-based users to access selected products and services offered through BlockShoals’ global crypto-asset service provider partner, Binance, within a controlled regulatory environment. BlockShoals will first integrate its systems with a local virtual-asset service provider partner over 90 days. Following successful integration, it may implement its approved testing plan, including onboarding users through Binance, subject to safeguards and regulatory oversight designed to protect consumers and support compliance with applicable laws.
2026-05-29Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission approves BlockShoals crypto-asset testing under Strategic Sandbox
The Philippine Securities and Exchange Commission has approved BlockShoals to test a crypto-asset intermediary model under its Strategic Sandbox. BlockShoals will complete a 90-day integration with a local virtual-asset service provider before proceeding with its approved plan, including user onboarding through Binance under regulatory oversight.