The Philippine Securities and Exchange Commission (SEC) is moving forward with its support for real-world asset tokenization, as four companies progress through its regulatory sandbox. SEC Commissioner Rogelio Quevedo stated that the regulator now believes current laws can accommodate tokenized assets, opening doors for new capital market activities.
Quevedo made these remarks during Philippine Blockchain Week, emphasizing that tokenization could transform how securities are issued and traded. The SEC’s StratBox sandbox allows firms to test innovative products under supervision, with participants including a tokenized real estate project and platforms offering access to US equities. BlockShoals Technologies has also received in-principle approval to test crypto services.
The SEC is leveraging artificial intelligence to clamp down on investment scams, partnering with platforms like Google and TikTok to remove illegal offerings. Meanwhile, the Bangko Sentral ng Pilipinas has tightened rules for virtual asset service providers, requiring thorough due diligence before listing cryptocurrencies. Both Binance and BlockShoals currently lack the necessary VASP license, according to the central bank.