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The Philippines’ Securities and Exchange Commission (SEC) approved homegrown fintech Blockshoals Technologies to test its products in the regulator’s sandbox, known as StratBox. The approval was granted by the commission en banc on Nov. 12 and disclosed this week. StratBox lets firms trial new services under oversight, a step that also signals growing interest in tokenized assets, including real estate, within supervised pilots.
BusinessWorld Online report approval, noting that StratBox was set up under Memorandum Circular No. 9 (2024) and typically runs for 24 months. During testing, the SEC may grant limited regulatory relief, such as modified licensing or compliance requirements, while it monitors risk and performance before any wider rollout.
State newswire PNA added that Blockshoals is the fourth active participant and that “one” current sandbox participant deals with tokenized real estate. The agency note participation and quoted the regulator: “The SEC continues to review other applications, and remains open to receiving more proposals for its regulatory sandbox.” — SEC statement via PNA.
The sandbox move comes as the SEC urges deeper real estate use of capital markets. In May, Commissioner McJill Bryant T. Fernandez said, “Access to the capital market can provide a long-term, cost-effective financing alternative,” highlighting potential benefits for developers. BusinessWorld cite remarks in guidance that complements sandbox work and could intersect with tokenized real-estate pilots as rules evolve.
