Manila, Philippines — BlockShoals Technologies Inc. confirmed on 11 June 2026 that it has selected a Virtual Asset Service Provider (VASP) accredited by the Bangko Sentral ng Pilipinas (BSP, Central Bank of the Philippines) to support its partnership with Binance under the Securities and Exchange Commission’s (SEC) Strategic SandBox (StratBox) Framework. The selection forms part of BlockShoals’ testing plan, which was submitted to and approved by the SEC in November 2025.
It has always been the plan for BlockShoals and Binance to work with a BSP-regulated VASP wherever this is required, a step that is expressly built into BlockShoals’ approved testing plan and its Notice to Proceed.
On 29 May 2026, BlockShoals participated in an official meeting with the SEC and the BSP’s Technology Risk and Innovation Supervision Department (TRISD). When asked by the BSP during that meeting, BlockShoals confirmed that it was finalizing its agreement with a BSP-accredited VASP partner. Both parties are now completing the required due diligence.
“It is important to BlockShoals to work with a partner that is properly regulated, has strong compliance systems, and is committed to investor protection. Onboarding and integration will begin once the partnership is formally in place, and we will announce it at that time.”
— Marie Antonette Quiogue, Head of Legal and Director, BlockShoals Technologies Inc.
Throughout the StratBox testing period, BlockShoals operates under the direct supervision of the SEC. The company welcomes the close coordination between the SEC and the BSP, the two regulators running separate but complementary frameworks. BlockShoals remains fully committed to regulatory compliance and to protecting the interests of Filipino users at every stage of its operations.