Colombia’s second-largest private pension and severance fund manager, AFP Protección, is preparing to launch an investment fund with exposure to Bitcoin (CRYPTO:BTC) for a narrow segment of its client base.
The initiative was confirmed by Juan David Correa, president of Protección SA, during an interview with local media outlet Valora Analitik.
The proposed Bitcoin-linked fund will be accessible only to qualified investors who pass a personalised advisory and risk assessment process.
Protección said participation will depend on each client’s risk profile and investment objectives rather than being broadly available to all pension holders.
The most important element is diversification.
Correa said.
Those who can participate will find a space for a percentage of their portfolio, if they so wish, to be exposed to this type of asset.
He added.
The company stressed that any Bitcoin exposure would represent only a small allocation within eligible portfolios.
Protección clarified that the new product will not alter the core structure of Colombian pension savings managed by the firm.
Fixed income securities, equities, and other traditional instruments will remain the foundation of its mandatory and voluntary pension portfolios.
The Bitcoin-linked fund is being positioned as an optional diversification tool rather than a strategic shift in asset allocation.
Protección becomes the second major pension fund administrator in Colombia to introduce Bitcoin exposure after a similar move by Skandia Administradora de Fondos de Pensiones y Cesantías.
Skandia began offering Bitcoin exposure within one of its portfolios in September last year.
Founded in 1991, AFP Protección manages more than 220 trillion Colombian pesos, equivalent to roughly $55 billion, in assets under management.
The firm serves more than 8.5 million clients across mandatory pensions, voluntary savings plans, and severance accounts.
Colombia’s broader mandatory pension fund system reached 527.3 trillion pesos as of November 2025.
Nearly half of total pension assets in the country are currently invested outside Colombia, reflecting a long-standing trend towards international diversification.
Protección’s move comes amid growing regulatory oversight of digital assets in the country.
Earlier this month, Colombia’s tax authority, DIAN, introduced mandatory reporting requirements for crypto service providers.
The new framework obliges exchanges, custodians, and intermediaries to collect and submit user and transaction data.
The reporting rules align Colombia with the OECD’s Crypto-Asset Reporting Framework, or CARF.
Under the regime, authorities will be able to automatically exchange crypto-related tax information with foreign jurisdictions.
Service providers must comply with strict due diligence, valuation standards, and disclosure requirements.
Penalties will apply to firms that fail to meet the new reporting obligations.