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Manila Bulletin devider Business devider The Stock Market devider SEC allows Blockshoals to test crypto platform in regulatory sandbox

SEC allows Blockshoals to test crypto platform in regulatory sandbox

Published Nov 18, 2025 02:32 pm
The Securities and Exchange Commission (SEC) has approved the application of Blockshoals Technologies Inc., which has partnered with a global crypto exchange to test its financial products and services in the Commission’s regulatory sandbox.
In its meeting on Nov. 12, the Commission En Banc resolved to grant an in-principle approval for Blockshoals’ entry into the SEC regulatory sandbox, subject to the company’s compliance with certain remaining requirements.
Blockshoals is a domestic fintech company that serves as a technology and infrastructure intermediary for virtual asset services and has entered into a partnership with a global crypto exchange to operationalize its proposed Stratbox application.
Implemented through SEC Memorandum Circular (MC) No. 9, series of 2024, the SEC’s StratBox is a regulatory sandbox that allows firms to test innovative products or services in a live but controlled setting, with the goal of eventually offering them to the public at large.
The SEC may also grant regulatory relief to sandbox participants by modifying or replacing specific licensing, registration, compliance, or other regulatory requirements that may otherwise apply during the sandbox period, according to the framework.
The Stratbox testing period is set to run for 24 months, with the possibility that it may be shortened or extended after the first year, subject to periodic review.
The approval of Blockshoals’ application brings the total number of entities testing their products or services in the SEC’s Stratbox to four. Of these, two are related to the offering of United States (US) equities, and one concerns the offering of tokenized real estate.
The SEC continues to review other applications and remains open to receiving more proposals for its regulatory sandbox as part of the Commission’s commitment to advancing innovations in the capital market.
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