BlockShoals Technologies, Inc., the Philippine partner of Binance, has officially joined FinTech Alliance PH, marking a significant step in its commitment to advancing fintech in the country.
BlockShoals Enhances Compliance and Innovation
We are honored to join the FinTech Alliance PH, an organization whose credibility and standards mirror the principles on which BlockShoals was built.
Alfredo “Al” Panlilio, Chairman of BlockShoals Technologies, Inc.
- BlockShoals operates as an approved Crypto Asset Intermediary (CAI) under the SEC's Strategic Sandbox.
- The firm is responsible for local regulatory compliance and user operations while Binance provides tech support.
As an approved Crypto Asset Intermediary under the Securities and Exchange Commission's Strategic Sandbox, BlockShoals is positioned to offer Binance's services within a well-regulated framework.
The SEC's Strategic Sandbox allows fintech companies to test new products in a controlled environment, fostering innovation while ensuring compliance.
FinTech Alliance PH, which includes over 100 members, accounts for more than 95 percent of the Philippines' retail digital financial transactions, highlighting the importance of this partnership in the local fintech ecosystem.