Banco de Crédito del Perú (BCP), in partnership with digital asset infrastructure provider BitGo, has launched Criptococos, a new banking platform designed to facilitate the secure purchase and management of crypto assets in Peru.
The launch is part of a pilot project authorized by the Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS) and aligns with BCP’s focus on financial system innovation. Lenin Tarrillo, Head of Crypto and Blockchain at BCP, stated, “Criptococos was developed by BCP through our initiative to explore digital assets and emerging financial technologies. We aim to provide our clients the trusted security of the Peruvian financial system in the context of modern digital assets.”
In this initial phase, customers will be able to buy and sell Bitcoin and USDC, a stablecoin pegged to the US dollar. All transactions are conducted in a closed-loop system, which prevents transfers between external platforms, thereby ensuring traceability and compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) policies. Interested customers can register at criptococosbcp.com.
Participation in the pilot program is subject to specific eligibility criteria. These include a minimum banking history with BCP and successful completion of a crypto asset and investment risk assessment, among other requirements. The acquired assets will be held in custody by BitGo Trust Company, Inc. BitGo offers infrastructure featuring segregated accounts and regulatory standards designed to protect customer assets.
Luis Ayala, Managing Director and Head of Sales Latin America at BitGo, commented, “BitGo is proud to support BCP as it launches Criptococos. This partnership underscores our commitment to helping 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.”
BCP is Peru’s largest and oldest financial institution, with a history spanning 135 years since its founding in 1889. The bank is recognized for its market leadership and emphasis on innovation and digitalization. BitGo, established in 2013, provides digital asset infrastructure services, including custody, wallets, staking, trading, financing, and settlement from regulated cold storage, serving numerous institutions globally.
