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MANILA, Philippines – BlockShoals Technologies Inc. said its planned partnership with a Bangko Sentral ng Pilipinas (BSP) accredited virtual asset service provider (VASP) has always been an integral part of its Securities and Exchange Commission (SEC) approved testing framework, as it sought to clarify the next steps in its participation in the regulator’s crypto sandbox program.
In a statement, BlockShoals director Marie Antonette Quiogue said it had always intended to work with a BSP-regulated VASP alongside global cryptocurrency exchange Binance whenever such a partnership was required.
READ: SEC clarifies BlockShoals crypto participation
The company said the arrangement was included in the testing plan it submitted to the SEC and which was approved under the reulator’s Strategic Sandbox, or StratBox, framework in November 2025.
