Binance Charity and Binance Philippines by BlockShoals announced a disaster relief initiative committing up to 4 million Philippine pesos in financial aid and emergency supplies to communities affected by the June 8, 2026, earthquakes in southern Mindanao.
The joint initiative will deliver resources through blockchain-based financial transfers and physical distribution networks. The local operations are being managed under Binance Philippines by BlockShoals, an entity operating within the Securities and Exchange Commission (SEC) regulatory sandbox framework. (Read More: Now Official: Binance to Enter PH via Blockshoals Partnership, SEC Sandbox Framework)
Partnership and Relief Distribution Methods
The program is partnering with the Philippine Red Cross to distribute food and emergency relief goods alongside direct monetary allocations. The companies stated that utilizing blockchain technology allows emergency financial funds to be distributed directly to affected families.
The initiative follows previous blockchain-driven disaster relief frameworks deployed by the organization in the Philippines. Similar relief operations were conducted in 2025 following separate earthquake events that impacted Northern Cebu and offshore areas of Davao Oriental.
Mobilizing Support
Binance executives stated that the company is currently mobilizing resources to address the immediate needs of disrupted communities.
“Binance Charity is mobilizing resources to support affected families and communities, leveraging blockchain technology to deliver aid.”
Richard Teng, Co-CEO, Binance
Binance Co-CEO Yi He noted that the unexpected disruption to local households requires collaborative ground efforts, acknowledging the ongoing participation of the Philippine Red Cross in the affected areas.
“Behind every disaster are families whose lives have been unexpectedly disrupted, and communities facing the difficult task of rebuilding. While the road ahead may be challenging, we are continually inspired by the resilience and strength that people show in moments like these. We hope this initiative can provide some relief during this difficult time, and we are grateful to the Philippine Red Cross and all those working tirelessly on the ground to support affected communities.”
Yi He, Co-CEO, Binance
The Mindanao earthquake relief efforts represent an extension of Binance Charity’s international disaster response programs. The humanitarian arm has previously conducted similar localized relief operations across Thailand, Myanmar, Vietnam, Brazil, Spain, Turkey, and Italy.
Previously, locally-licensed Coins.ph announced a ₱3 million donation to non-profit organization Angat Pinas to support immediate relief operations following the devastating earthquake.
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This article is published on BitPinas: Binance Charity, BlockShoals Commit ₱4 Million in Aid for Mindanao Earthquake Victims
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