UMVA has learned that the Securities and Exchange Commission granted BlockShoals Technologies a 90‑day integration window, but this phase is strictly a technical rehearsal, not the launch of public trading.
The regulator clarified that the sandbox period is a controlled test‑run, allowing BlockShoals to wire its systems to a licensed virtual‑asset service provider in the Philippines.
During this time, the company must build the crucial fiat rails that will turn Philippine pesos into crypto and back again, forging seamless on‑ramping and off‑ramping pathways.
All system access is limited to the nuts‑and‑bolts work required for integration and sandbox testing, with no public onboarding or market activity permitted.
UMVA can exclusively reveal that this clarification aims to temper enthusiasm, emphasizing that the sandbox is a supervised experiment, not a market opening.
Investors and observers are urged to wait for official updates before assuming any trading or onboarding has begun.
