Share this article
Colombian Central Bank to Test R3 Distributed Ledger Software
Banco de la Republica Colombia, the South American nation's central bank, has officially joined the R3 distributed ledger consortium.
Updated Sep 13, 2021, 6:52 a.m. Published Aug 29, 2017, 3:05 p.m.
Banco de la República Colombia, the South American nation's central bank, has made an agreement with software company R3 to test its distributed ledger technology, Corda, a press release announced today.
With the news, Banco de la República Colombia becomes the latest member to join the more than 80 financial institutions worldwide that are today part of the consortium. Already, R3 has completed tests with the Monetary Authority of Singapore, though both institutions are arguably now emerging as key early adopters of distributed ledger tech.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Launched in 2015, Corda is an open-source distributed ledger for financial technology, developed by New-York based startup R3.
The news also coincides with a push by R3 to diversify its membership by adding financial regulators and government agencies to the group. Revealed as key to its strategy in May, CEO David Rutter at the time said broader buy-in is needed to expand R3's existing tests.
"Ultimately, our goal is to have the regulators involved from the start, right from the design through the experiment and the pilot and the prototyping," he said.
Though not the nation's financial regulator, Banco de la Republica Colombia is nonetheless backed by the government, which could lead to more widespread support.
Still, in its statements, the organization was short on details on what might be ahead.
Banco de la República Colombia responded: "It is in our interest to evaluate the benefits of this technology for the safe and efficient management of the exchange of securities in the Colombian financial system."
Colombian peso image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
