BlockShoals Technologies has secured final approval from the Securities and Exchange Commission (SEC) to test its digital asset services under the regulator’s Strategic Sandbox (Stratbox).

The clearance allows BlockShoals to operate as a crypto-asset intermediary, giving users in the Philippines access to selected products through its global virtual asset service provider (VASP) partner, Binance, subject to regulatory safeguards.

This development follows the initial clearance of the company’s application in November 2025.

During the first testing phase, BlockShoals will integrate its systems with Binance over a 90-day period. Once this integration is complete, the company will carry out its approved testing plan.

This involves onboarding users under strict regulatory oversight and applicable safeguards.

The onboarding process aims to ensure that Filipino consumers receive the protections outlined in the Financial Products and Services Consumer Protection Act of 2022.

The SEC’s Stratbox initiative provides a controlled environment for testing financial products.

The regulator established the sandbox to promote market innovation while maintaining investor protection and compliance.

Featured image credit: Edited by Fintech News Philippines, based on image by wahyu_t via Magnific