BlockShoals Joins FinTech Alliance PH, Binance Names New Country Chief

BlockShoals Technologies Inc., a Philippine company providing access to Binance products and services, has joined FinTech Alliance PH after obtaining approval to operate as a Crypto Asset Intermediary (CAI) under the Securities and Exchange Commission's regulatory sandbox.

The membership places BlockShoals among over 100 companies represented by FinTech Alliance PH, whose members account for more than 95% of digital retail financial transactions in the country.

BlockShoals operates under the SEC's Strategic Sandbox, or StratBox, while Binance provides the technology infrastructure and operational support for its services. BlockShoals remains responsible for complying with Philippine regulatory requirements.