BlockShoals Technologies Inc. has selected a virtual asset service provider (VASP) as part of its strategic expansion, according to a report by Philstar Biz.
The company said onboarding and integration processes are set to begin once the partnership is formally in place. The move signals BlockShoals' push into digital asset services, aligning with the growing adoption of cryptocurrencies and blockchain technology in the Philippines.
Industry observers note that the selection of a VASP partner is a key step for BlockShoals to offer regulated virtual asset services. The partnership is expected to enhance the company's capabilities in the financial technology sector.