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
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, Ether Steady as AI Fears Send Oracle Tumbling Down, Traders Next Wave of Rate Cuts
Traders appeared more focused on preserving trend structure than chasing upside, with flows concentrated in large-cap assets.
What to know:
- U.S. stocks declined as Oracle's significant drop raised concerns about AI spending outpacing returns.
- Bitcoin and Ether showed stability, with Bitcoin trading above $92,000 and Ether climbing toward $3,260.
- Oracle's increased capital expenditures on AI infrastructure led to its biggest stock drop since January, impacting tech sentiment.
Top Stories
