TLDR:
- Criptococos enables trading with Bitcoin and USDC within Peru’s first regulated crypto bank system.
- Only verified BCP clients with investment knowledge can access the cryptop platform with closed loop.
- Bitgo Trust will secure all crypto assets acquired through BCP’s Criptococo Pilot program.
- Lemon Cash and BCP’s entrance signal increasing crypto adoption in Peru despite unclear regulations.
Banco de Crédito del Perú (BCP), the largest financial institution in Peru, has Launched A crypto bank platform named Criptokokos. The project was developed in collaboration with Bitgo, a US-based company known for its digital asset infrastructure.
CRIPTOKOKOS allows selected users to buy and Sell Bitcoin and USDC, an American dollar-peg-edged stablecoin, through a regulated platform.
The platform operates during a pilot program approved by Peru’s superintendence by banking, insurance and pension fund administrators (SBS). BCP is the first bank in the country to receive legislative approval for a crypto -initiative of this type.
The bank stated that this trait is part of its effort to explore the digital asset space and at the same time ensure compliance with national financial standards.
At the same time, transactions on the CRIPTOCO PLATEP are limited to a sloping loop, which means crypto assets cannot be sent to or received from external wallets. This design helps to monitor transactions and ensures compliance with the rules against money laundering (AML) and rules for financing terrorism (CTF).
BCP noted that only pre -approved clients will be able to use the platform.
Participants must meet strict requirements, including having a previous banking history with BCP and approving a risk and investment knowledge assessment. This limited access is part of the regulator-approved pilot structure and aims to control and study the adoption process.
Bitgo to provide custody services
Digital assets acquired through criptocoosis will be held by the Bitgo Trust Company, Inc., a regulated custodian based in the United States.
Bitgo Provides segregated custody solutions for institutions and is responsible for protecting customer funds throughout the pilot period.
Luis Ayala, CEO of Bitgo for Latin America, commented,
“We are pleased to support BCP’s entry into digital assets in Peru.”
However, some market covers are careful. “It’s still unclear how scalable this model will be in a country where most users rely on peer-to-peer and informal platforms,” said a regional consultant.
Growing crypto interest in Peru among limited regulations
Although Peru allows digital use of asset, its legal framework remains fragmented. There is no clear crypto regulation in place, although fintech companies have worked under hybrid models.
Argentina-based Lemon Cash, for example, launched in Peru with a double installation, licensed by a local partner for Fiat services and registered in El Salvador for crypto operations.
Since its launch, Lemon has Cash obtained Over 1 million users in Peru and continue to grow.
“More competition will help improve the user experience and confidence,” said Lemon’s COO, Federico Biskupovich. The introduction of a regulated platform of a larger bank adds a new warehouse to the developing crypto market in the country.
Peru’s central bank has also taken measures against digital funding. In 2024, it introduced a digital version of the Peruvian sun in collaboration with the telecom company Bitel, which aims to increase financial inclusion in rural areas.
Future development in digital technology
In September 2025, a blockchain-based digital voting attempt was announced. The program, which is canceled for the national elections in 2026, is developed in collaboration with the local company Stamping.io. This follows the latest signs that the government is warming to New technology.
BCP’s pilot is one of the first movements from a traditional financial institution that offers regulated access to crypto in Peru. The bank has not yet confirmed when or whether the platform will be expanded beyond the pilot phase.
