Colombia’s Second-Largest Pension to Launch Bitcoin Fund for Qualified Clients

AFP Protección, Colombia's second-largest private pension and severance fund manager, announced plans to introduce an investment fund offering exposure to Bitcoin. Juan David Correa, president of Protección SA, confirmed that access to this new product will be restricted, available only through personalized advisory services after evaluating each client's risk profile. The initiative is framed as a diversification strategy, allowing eligible clients to allocate a small percentage of their portfolios to Bitcoin alongside traditional assets like fixed income and equities, which remain the core of pension savings. This move follows a similar step by Skandia, making Protección the second major Colombian pension administrator to offer Bitcoin-linked investments. AFP Protección manages approximately $55 billion in assets for over 8.5 million clients. The announcement occurs as Colombia tightens oversight on digital assets, recently introducing a mandatory reporting framework for crypto service providers aligned with the OECD's standards.

(Source：Bitcoin Magazine)