Blockchain and crypto assets have advanced in banking: Latin America is heading towards a new financial era, as presented at Fintech Americas Miami 2025
During Fintech Americas Miami 2025, experts from Bitso, Koibanx, and Banco Nación (Argentina) highlighted the advancement of blockchain and tokenization in the traditional financial system, driving efficiency and financial inclusion in the region, according to a press release sent to Cointelegraph in Spanish.
Representatives of the participating institutions shared how these technologies are transforming everything from sending remittances to accessing investments through the tokenization of assets.
Tokenization is gaining ground in the markets
According to the statement, one of the main trends addressed was the tokenization of financial assets. The digitization of traditional securities through blockchain has not only reduced operational costs but also expanded access to investments.
Leo Elduayen, CEO of Koibanx, emphasized that "regulation is already beginning to consider the tokenization of securities, not just virtual assets. It is a key step to democratize the capital market."
Blockchain in remittances and international payments
Nano Rodríguez, director of strategic alliances at Bitso, explained that "today 10% of remittances between the United States and Mexico already use stablecoins and blockchain technology," representing a potential volume exceeding 64 billion dollars.
The use of crypto assets has also extended to corporate treasury management, international payments, and transfers between countries, they added.
In Argentina, the phenomenon has not gone unnoticed. Ernesto Fasola, an executive at Banco Nación, pointed out that "in 2023, 98 billion dollars were transacted in crypto in the country, more than the total imports," which would demonstrate a high demand for operating in real-time and in a decentralized manner.
Traditional banking in transition
It was also mentioned that the transformation also involves banking institutions. Some banks in the region are already processing remittances and payments with cryptocurrencies, while others are exploring blockchain infrastructure for payment reconciliation and interoperability.
In countries like Argentina and Bolivia — they pointed out — where currency restrictions complicate financial operations, these solutions could present themselves as an efficient alternative for businesses and consumers. Banks like Macro and Mercantil have already begun to integrate this technology, they added.
"Banks will be protagonists in crypto adoption. It is no longer theory, but a reality with concrete cases," Elduayen stated.
In conclusion, they explained that the adoption of blockchain and tokenization is redefining the financial system of Latin America. As banks and fintechs converge in the development of new solutions, the region could move towards a new stage of inclusion and efficiency, where crypto assets and traditional finance would coexist in an integrated manner.
