Binance Taps BlockShoals for Sandbox-Led Expansion in the Philippines

Crypto exchange Binance is advancing a structured plan to enter the Philippine market through a partnership with fintech firm BlockShoals Technologies, prioritizing regulatory compliance and local collaboration.

As part of the arrangement, BlockShoals Technologies—recognized under the Philippine Securities and Exchange Commission’s Strategic Sandbox program—will serve as the approved local intermediary. Binance, in turn, will provide its technology infrastructure and support across security, operations, and compliance functions.

The initiative is scheduled to begin in the second half of 2026 and will run for at least two years under the SEC’s sandbox framework.

As of this writing, Binance remains restricted in the Philippines following an existing directive from the National Telecommunications Commission.

Source: Binance