BlockShoals Joins FinTech Alliance PH, Expanding Local Presence

BlockShoals Technologies, Inc., the local partner of Binance in the Philippines, has joined FinTech Alliance PH. This move comes after BlockShoals operated as an approved Crypto Asset Intermediary (CAI) under the Securities and Exchange Commission's (SEC) Strategic Sandbox (StratBox) framework.

Under this structure, BlockShoals handles local regulatory responsibilities, user-facing operations, and compliance obligations while Binance delivers technical infrastructure and operational support. The company's chairman, Alfredo 'Al' Panlilio, stated that they are honored to join FinTech Alliance PH, citing the organization's credibility and standards.

BlockShoals is part of a regulatory tool administered by the SEC's PhiliFintech Innovation Office (PhiliFINNO), which permits entities to test financial products and services within a controlled live environment. The company's membership in FinTech Alliance PH represents over 100 corporate members that handle more than 95 percent of retail digital financial transactions in the Philippines.