Colombia’s AFP Protección to Launch Bitcoin Investment Fund
- AFP Protección, Colombia’s second-largest pension fund manager, plans to introduce a fund allowing exposure to Bitcoin.
- The initiative was confirmed by Juan David Correa, president of Protección SA, emphasizing limited access based on investor risk profiles.
- This move follows Skandia’s similar offering in September, marking Protección as the second major pension fund to enter the digital asset space.
- Protección manages over 220 trillion Colombian pesos (approximately $55 billion) for over 8.5 million clients.
- The new Bitcoin fund will not alter core pension investments, which remain focused on traditional assets like fixed income and equities.
The introduction of the Bitcoin-linked fund aims to provide an additional investment option for qualified investors seeking diversification. This aligns with recent regulatory changes in Colombia regarding crypto reporting standards.
With this initiative, AFP Protección joins the growing trend of institutional adoption of Bitcoin, reflecting a significant shift in investment strategies within Colombian pension funds.
