BlockShoals Joins FinTech Alliance PH as Binance Local Partner

BlockShoals Technologies Inc., the local partner of Binance in the Philippines, has joined FinTech Alliance PH. This move follows the firm's approval as a Crypto Asset Intermediary (CAI) under the Securities and Exchange Commission's Strategic Sandbox framework.

As a CAI, BlockShoals operates within the regulatory environment established by SEC Memorandum Circular No. 9, Series of 2024. The company serves as the locally registered entity providing Binance products and services in the Philippines.

In its role as a CAI, BlockShoals maintains local regulatory responsibilities, user-facing operations, and compliance obligations. Meanwhile, global partner Binance delivers technical infrastructure and operational support.