Colombia’s second largest private pension and severance fund manager, AFP Protection, is preparing to launch an investment fund with exposure to Bitcoin.
Juan David Correa, president of Protecson SA, confirmed the move during an interview with local outlet Valora Analytical. According to Correa, access to the products will be limited and will only be granted through a personalized consultation process designed to assess each investor’s risk profile. Only clients who meet certain criteria will be able to allocate a portion of their portfolios to Bitcoin (BTC).
“The most important factor is diversification,” Correa noted, adding that “those who can participate will find a percentage of their portfolio, if they want, to have exposure to this type of asset.”
Protexin’s move follows a similar move by Scandia Administração de Fundos de Pensiones y Sesantas, which offered bitcoin exposure to one of its portfolios in September last year. With this launch, Protexin becomes the second major pension fund administrator to enter the digital asset space in Colombia.
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The Bitcoin Fund will not replace the underlying pension investment
Protexin said the new bitcoin-linked fund does not represent a change in how much of Colombia’s pension savings are managed. Fixed income instruments, equities and other traditional assets remain the mainstay of pension portfolios. Instead, the product is positioned as an additional option for qualified investors to achieve diversification.
Founded in 1991, AFP Protexin manages 220 trillion Colombian pesos (about $55 billion) for more than 8.5 million clients in mandatory and voluntary pension plans and severance accounts.
The broader mandatory pension fund market in Colombia reached 527.3 trillion pesos by November 2025, with half of those assets invested abroad.
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Colombia introduced mandatory crypto reporting rules
Earlier this month, Colombia’s tax authority, Dian, introduced a mandatory reporting framework for crypto service providers, requiring exchanges, custodians and intermediaries to collect and submit user and transaction data.
The resolution links Colombia to the OECD’s Crypto Asset Reporting Framework (CARF), which allows for the automatic exchange of crypto-related tax information with foreign authorities. Under the new regime, service providers must report identifying details and transaction data for reportable customers, comply with due diligence and value standards, and face fines if they fail to meet the requirements.
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