Colombia’s AFP Protección to Launch Bitcoin Investment Fund
- AFP Protección, Colombia’s second-largest private pension fund manager, will offer a Bitcoin-linked investment fund.
- Access to the fund will be limited to clients who meet specific risk criteria through a personalized advisory process.
- The company manages over 220 trillion Colombian pesos (around $55 billion) for more than 8.5 million clients.
- This initiative follows Skandia’s similar move last September, making Protección the second major pension fund in Colombia to enter the cryptocurrency space.
- The new fund will not alter core pension investments, which remain focused on traditional assets like fixed income and equities.
The introduction of this Bitcoin fund reflects a growing acceptance of digital assets within traditional finance in Colombia, providing qualified investors with diversification options.
With over $55 billion in managed assets, AFP Protección is expanding its offerings while maintaining its focus on conventional investment strategies.(Source)
