BitGo Powers Criptococos, The First Bank-Backed Crypto Platform in Peru
Banco de Crédito del Perú (BCP), the nation’s largest financial institution, has launched Criptococos, Peru’s first bank-backed crypto platform, in partnership with digital asset infrastructure provider BitGo. The initiative marks a milestone in Latin America’s growing embrace of digital finance, providing secure access to cryptocurrencies under the oversight of the Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS).
Criptococos enables users to purchase and trade BTC and USDC — a stablecoin pegged to the U.S. dollar — within a fully regulated environment. Transactions take place in a closed-loop system, ensuring traceability and (AML) and counter-terrorism financing (CTF) standards. By leveraging BitGo’s institutional-grade custody infrastructure, BCP aims to provide clients with trusted access to digital assets through the identical reliability that defines its traditional banking services.
“Criptococos was developed by BCP through our initiative to explore digital assets and emerging financial technologies,” said Lenin Tarrillo, Head of Crypto and Blockchain at BCP. “We aim to provide our clients the trusted security of the Peruvian financial system in the context of modern digital assets.”
Takeaway
Secure, Compliant, And Accessible Crypto Services
Criptococos’ pilot phase is open to eligible BCP clients meeting specific criteria, including a verified banking history and successful completion of a crypto asset risk assessment. All acquired assets are held in custody by BitGo Trust Company, Inc., ensuring protection through segregated accounts and robust security standards recognized globally.
“BitGo is proud to support BCP as it launches Criptococos,” said Luis Ayala, Managing Director and Head of Sales for Latin America at BitGo. “This partnership underscores our commitment to assisting trusted financial institutions expand digital asset access to their clients. Latin America is one of the most dynamic markets in the world, and we’re excited to bring our services to a new wave of users.”
Through the partnership, BCP combines its 135-year legacy of financial leadership with BitGo’s expertise in blockchain infrastructure. The collaboration creates a foundation for regulated crypto banking in Peru — with compliance controls required by national and international regulators.
Takeaway
Latin America’s Next Chapter In Regulated Digital Finance
The Criptococos launch underscores a regional trend toward collaboration between banks and blockchain firms, as regulators and financial institutions viewk secure frameworks for . Peru joins a growing list of Latin American markets testing crypto within formal banking channels, signaling the maturation of the sector.
For BCP, the pilot represents more than a technological milestone — it’s a strategic step toward redefining the role of traditional banks in the . As global demand for crypto access grows, BCP’s move positions it as a pioneer in merging regulated finance with blockchain innovation, setting a precedent for other institutions in the region.
“This collaboration strengthens the overall ecosystem we are building — one that empowers everyday investors with more choice, greater confidence, and the ability to capture opportunities across both traditional and emerging asset classes,” said Echo Zhao, echoing regional sentiments around the growing into mainstream finance.
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