Key Takeaways: 

  • BitGo provides the secure, institutional-grade digital asset infrastructure for BCP’s new Criptococos platform, effectively powering the launch of Peru's first crypto banking service by a major bank.

  • BCP chose BitGo Trust Company, Inc. for its non-negotiable standards, including secure wallet infrastructure, trading capabilities, and adherence to the highest regulatory requirements needed to bridge traditional finance with digital assets.

  • The partnership highlights BitGo’s commitment to facilitating digital asset access in dynamic markets like Peru, positioning the company as the essential partner for regulated financial institutions globally seeking compliant entry into the crypto space.

One of the most dynamic markets for the institutional adoption of digital assets is Latin America. That's why BitGo is incredibly proud to announce our latest partnership with Banco de Crédito del Perú (BCP), the largest bank in Peru. Together, we are powering the launch of Criptococos, the first-ever banking platform in Peru to enable the secure purchase and management of digital assets for BCP clients.

This landmark initiative demonstrates BCP's forward-thinking approach to integrating modern digital assets with the trusted security of the traditional financial system. For a major, regulated institution like BCP to enter the space, an institutional-grade security and infrastructure solution like BitGo is not optional - it's essential.

Criptococos Phased Approach

The first phase of the Criptococos launch will allow customers to buy and sell bitcoin and USDC, a stablecoin pegged to the US dollar. All transactions are conducted in a closed loop, with no transfers between external platforms, ensuring traceability and compliance with anti-money laundering and counter-terrorism financing policies. 

This will be launched to a pilot group of customers with a plan in later phases to expand the offering to more customers and more digital asset products.

“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,” said Lenin Tarrillo, Head of Crypto and Blockchain at BCP.

The Criptococos pilot, authorized by the Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS), is a crucial step towards establishing a compliant and secure digital asset ecosystem in Peru. BitGo’s trust and proven track-record make them an essential partner to enable this move into digital assets.

Institutional-Grade Digital Asset Infrastructure

As Criptococos's trusted infrastructure provider, BitGo ensures that customer assets are protected by the highest standards in the industry.

BCP chose BitGo for its demonstrated commitment to security and compliance, as well as its vast product offering. Using BitGo, BCP gets:

  • Secure Wallet Infrastructure: State-of-the-art technology built specifically for institutional digital asset security.

  • Secure and Equitable Trading Capabilities: Offering clients a safe and affordable way to purchase digital assets like bitcoin seamlessly from a trusted banking app.

  • Segregated Accounts: Ensuring client assets are kept separate and properly managed.

  • Regulatory Standards: Meeting the high regulatory bars required by major financial institutions globally.

All acquired assets on the Criptococos platform will be held in qualified custody by BitGo Trust Company, Inc. BitGo’s ultra-secure wallet infrastructure gives both BCP and its customers the peace of mind that their digital assets remain secure with insurance protection of up to $250 million in the event of theft, loss, or damages. 

By utilizing BitGo's institutional-grade custody, BCP can focus on delivering a seamless customer experience, confident that the underlying security and compliance are handled by the market leader.

The Infrastructure Securing Finance in Latin America

This partnership is a powerful example of BitGo’s mission: to help trusted financial institutions expand digital asset access to their clients safely and compliantly. 

BitGo is proud to support BCP as it launches Criptococos as it 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 secure bitcoin and USDC services to a new wave of users.

As regulated institutions worldwide look to meet client demand for crypto, we believe that BitGo remains the most trusted and secure platform to power their entry into this exciting new phase of financial services.

To learn more about integrating BitGo into your bank, get in touch.

Own your financial future.

The latest

All News arrowRight icon

About BitGo

BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.

©2025 BitGo, Inc. (collectively with its parent, affiliates, and subsidiaries, “BitGo”). All rights reserved. BitGo Bank & Trust, National Association (“BitGo Bank & Trust”) is a national trust bank chartered and regulated by the Office of the Comptroller of the Currency (OCC). BitGo Bank & Trust is a wholly-owned subsidiary of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, California. Other BitGo entities include BitGo, Inc. and BitGo Prime LLC, each of which is a separately operated affiliate of BitGo Bank & Trust.

BitGo does not offer legal, tax, accounting, or investment advisory services. The information contained herein is for informational and marketing purposes only and should not be construed as legal, tax, or investment advice. You should consult with your own legal, tax, and investment advisor for questions about your specific circumstances.

Digital assets are subject to a high degree of risk, including the possible loss of the entire principal amount invested. Past performance and illustrative examples do not guarantee future results. The value of digital assets can fluctuate significantly and may become worthless. No BitGo communication is intended to imply that any digital asset services are low-risk or risk-free. BitGo is not a registered broker-dealer and is not a member of the Securities Investor Protection Corporation (“SIPC”) or the Financial Industry Regulatory Authority (“FINRA”). Digital assets held in custody are not guaranteed by BitGo and are not subject to the insurance protections of the Federal Deposit Insurance Corporation (“FDIC”) or SIPC. Custody and other digital asset services are subject to eligibility, jurisdictional, and regulatory restrictions. Availability of specific products and services may vary by location and entity.

BitGo endeavors to provide accurate information on its websites, press releases, blogs, and presentations, but cannot guarantee all content is correct, completed, or updated. Content is subject to change without notice. BitGo disclaims any obligation to update or supplement such information except as required by applicable law or regulation.

BitGo makes no representation that the information contained herein is appropriate for use in any jurisdiction where its distribution or use would be contrary to law or regulation or would subject BitGo or any of its affiliates to any registration or licensing requirements in such jurisdiction. Persons who access this information are responsible for complying with all applicable laws and regulations.