Binance and BlockShoals announce a partnership established under the Philippine Securities and Exchange Commission's StratBox framework

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Global cryptocurrency exchange Binance and Philippine company BlockShoals announced a partnership to jointly test a tailored digital asset platform for local users under the Philippine SEC's "StratBox" regulatory sandbox framework. (Background: Binance enters prediction markets! Binance Wallet launches "Event Trenches," supporting USDT betting on real-world events) (Context: US judge dismisses allegations that Binance funded Hamas; Binance wins two anti-terrorism lawsuits within a week) This article is a press release, written and provided by Binance, and does not represent the position of BlockTempo. Binance and BlockShoals Technologies Inc. ("BlockShoals") today announced that the two parties will collaborate under the Strategic Sandbox (StratBox) framework launched by the Philippine SEC. Binance and BlockShoals thank the Philippine SEC for its leadership role in establishing the StratBox framework, which provides a controlled and regulated testing environment for responsible innovation in financial products, services, and technologies. Following the Philippine SEC's approval of BlockShoals' StratBox application, BlockShoals, as a StratBox participant, will commence testing activities under the framework; Binance, as the global exchange partner, will provide support through its technological infrastructure, product suite, user processes, core-architecture-level security and user privacy architecture, operational experience, and compliance tools established across multiple regulated markets worldwide. Through this partnership, Binance and BlockShoals will work together within the Philippine SEC's regulatory sandbox environment to test a Binance platform user experience tailored for Philippine users. BlockShoals will proceed in accordance with the approved StratBox testing plan, and during the initial testing phase, will integrate with a partnering Virtual Asset Service Provider (VASP). Once relevant safeguards are in place, the company will launch full-scale operations, including user onboarding and the rollout of product configurations designed for the Philippine market. The Philippines continues to be one of the most digitally engaged markets in Southeast Asia, with growing market interest in digital finance, blockchain technology, and digital assets. According to the Chainalysis Global Crypto Adoption Index, the Philippines has also long ranked among the top global markets, reflecting strong public engagement with digital asset technologies and services. By helping users establish a safer, more locally relevant, and regulated digital asset environment, this partnership aims to support the Philippines in advancing responsible innovation, while also embodying a broader commitment to investor protection, market integrity, and compliance with applicable laws and regulations within a controlled testing environment. This partnership combines BlockShoals' local market engagement and regulatory communication capabilities with Binance's global market infrastructure and operational experience. SB Seker, Head of Binance Asia-Pacific, said: "The Philippines is one of the most dynamic digital economies in Southeast Asia, with a highly engaged and digitally native user base that continues to drive the adoption of emerging fintech. We believe frameworks like StratBox represent an important step toward enabling responsible innovation, opening pathways for constructive collaboration between industry participants and regulators." Nicholas Te, CEO of BlockShoals, said: "This partnership is an opportunity to demonstrate that a global digital asset platform and a local regulatory framework can collaborate constructively. As a company incorporated in the Philippines and operating under the direct oversight of the Philippine SEC, we are focused on building a secure and locally accountable platform for Philippine users. We thank the Philippine SEC for the opportunity to participate in StratBox, and we are committed to continuously earning market trust through tangible performance."

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2026-05-26

Expanding into Southeast Asia! Binance partners with BlockShoals to enter the Philippines regulatory sandbox StratBox

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Source:動區 BlockTempo

Published:2026-05-26 08:50:59

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