Share this article
Colombia Central Bank Launches Blockchain Bond Project
Banco de la Republica is working with IDB Group and Banco Davivienda on the project.
Updated Sep 14, 2021, 1:29 p.m. Published Jul 22, 2021, 6:21 p.m.
The Central Bank of Colombia (Banco de la República), IDB Group and Banco Davivienda have launched the pilot of Colombia's first blockchain bond.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to an official statement by Banco de la República, the bond will be issued, placed, traded and settled on blockchain technology through the use of smart contracts for the Colombian securities market.
IDB Group is composed of the Inter-American Development Bank, the Inter-American Investment Corporation and the Multilateral Investment Fund.
The pilot program “seeks to verify the benefits of this new technology in the life cycle of a security, from issuance to maturity,” and is expected to last six months, Banco de la República added.
Banco Davivienda, a Colombian bank based in Bogotá, will issue the bond and IDB Invest will underwrite the entire issue. The statement added that the operation will be recorded in LACChain, a platform launched by BID Lab, “leaving the complete traceability of the bond in blockchain technology.”
The money under the pilot program will be processed by the payment system of Banco de la República, which will act as an observer node in the blockchain network.
IDB Group will contribute technical support for the implementation of the proof of concept, and will offer advice on both regulatory and technical aspects of the operation, the statement added.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Aptos' APT declines on below average volume
The token has support at the $1.69 level and resistance at $1.80.
What to know:
- APT declined 1.7% to $1.70.
- Trading volume dropped 16% below the 30-day average.
- Price action remains range-bound between $1.69 support and $1.80 resistance.
Top Stories
