Share this article
Colombian Financial Watchdog Joins R3 Blockchain Consortium
Latin American financial regulator, the Superintendencia Financiera de Colombia, has become the latest member of the R3 blockchain consortium.
Updated Sep 13, 2021, 7:07 a.m. Published Nov 3, 2017, 10:00 a.m.
A Colombian financial regulator has become the latest member of the R3 blockchain consortium.
With the move – which focuses on developing blockchains for enterprise – the Superintendencia Financiera de Colombia (SFC) indicated it plans to stay "up-to-date on latest advances and implementations" of distributed ledger technology (DLT) in financial services sector, according to a release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The Colombian financial superintendent, Jorge Castaño Gutierrez, said the move marks a "significant step for the entity," as blockchain technology is bringing greater innovation across financial systems.
He stated:
"This agreement with R3 contributes to the strategy we set in motion with the creation of the FinTech Group within the Superintendencia to learn the uses of this technology, which will provide efficiency and security of information to be able to accompany, support and endorse different processes within the industry."
The move marks an addition to R3's growing number regulatory members.
In recent months, the Chilean banking regulator, the SBIF, and Quebec's financial regulator, the Autorite des marches financiers, have both announced their entrance into R3's portfolio, which now comprises of more than 100 financial institutions, banks, professional services companies and technology firms.
Bogota, Colombia 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
