AFP Protección, a private pension and severance fund manager in Colombia, is preparing to launch a fund with exposure to bitcoin.
The plan was confirmed by company president Juan David Correa in an interview.
How access will work
Participation will be offered through a personalized advisory process.
That process will assess an investor’s risk profile.
Only clients who meet the criteria will be able to allocate a percentage of their portfolio to bitcoin.
A second major pension firm to add bitcoin
Protección’s move follows a similar step by Skandia, which previously introduced a portfolio with bitcoin exposure using a dollar-cost averaging approach.
Protección would be the second large pension administrator in Colombia to take this route.
The company framed the product as limited and controlled, emphasizing diversification and risk management rather than short-term speculation.
Correa said in the interview (translated from Spanish):
“The most important element is diversification.”
Scale of Protección’s business
Protección is Colombia’s second-largest pension fund administrator.
It reported about 8.5 million clients across mandatory pensions, voluntary pensions, and severance savings.
The firm manages more than 220 trillion Colombian pesos in assets, according to figures cited in the report.
The broader mandatory pension market totaled 527.3 trillion pesos as of November 2025, with nearly 48.8% invested abroad.
The new bitcoin-exposure product is aimed mainly at voluntary accounts or customized allocations, and does not currently include mass mandatory savings.
