Colombian Pension Fund to Launch Bitcoin Investment Fund

AFP Protección, the second-largest private pension and retirement fund manager in Colombia, is set to introduce an investment fund focused on Bitcoin.

Juan David Correa, the president of Protección SA, confirmed this development during an interview with Valora Analytique, a local news outlet. He mentioned that access to this product is somewhat restricted and is available only through a personalized advisory process. This approach is meant to evaluate the risk profile of each investor. Essentially, only those who meet specific criteria can invest a portion of their portfolio in Bitcoin (BTC).

Correa emphasized the importance of diversification, stating, “Those who are able to participate will find room to expose part of their portfolio to these types of assets if they wish.”

This initiative comes on the heels of a similar offering by Skandia Administradora de Fondos de Pensiones y Cesantias, which began providing Bitcoin exposure in one of its portfolios last September. With this new fund, Protección becomes the second prominent pension fund administrator in Colombia to engage with digital assets.

Protección clarified that these Bitcoin-related funds will not alter the core management of most pension savings in Colombia. Traditional assets like bonds and stocks will continue to be the backbone of pension portfolios. This new product is intended as an additional option for accredited investors looking to diversify their investments.

Founded in 1991, AFP Protección oversees more than 220 trillion Colombian pesos (about $55 billion) across mandatory and voluntary pension plans and retirement accounts for over 8.5 million clients.

As of November 2025, the broader mandatory pension fund market in Colombia was valued at P527.3 trillion, with nearly half of these assets allocated overseas.

Additionally, earlier this month, Colombia’s tax authority, DIAN, rolled out mandatory reporting requirements for cryptocurrency service providers. This includes exchanges, custodians, and intermediaries, who must now gather and report user and transaction information. This new resolution is aimed at aligning Colombia with the OECD’s Crypto Asset Reporting Framework (CARF), facilitating automatic exchange of cryptocurrency-related tax information with foreign authorities. Compliance with these requirements will involve reporting identifying details and transaction data, along with due diligence protocols, and there are penalties for non-compliance.