BIZ BUZZ: BlockShoals joins FinTech Alliance

For a company looking to win over both regulators and users, who you keep company with matters.

BlockShoals Technologies Inc., the Securities and Exchange Commission-approved crypto asset intermediary (CAI) operating under the regulator’s Strategic Sandbox, has joined FinTech Alliance PH, the country’s largest digital industry group.

The move gives BlockShoals a seat alongside more than 100 corporate members that account for over 95 percent of the country’s digital retail financial transaction volume.

But beyond networking, the company is clearly sending a message: compliance comes first.

BlockShoals chair Alfredo Panlilio said joining the alliance reflects the company’s goal of becoming the country’s most trusted and reliable CAI.

BlockShoals—the locally regulated entity through which Binance products and services are offered in the Philippines—said the membership aligns with its goal of setting the standard for regulatory compliance, consumer protection and operational excellence in the digital asset space.

Under the arrangement, BlockShoals handles local regulatory and compliance responsibilities, while Binance provides the technology infrastructure.

As policymakers continue refining the rules for digital assets, firms are increasingly seeking credibility as much as customers.

See Also

DepDev puts Metro Manila at center of 30-year roadmap

For BlockShoals, joining the country’s leading fintech association may be another step toward earning both.

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