🏦Banks begin to integrate blockchain and crypto in Latin America
Blockchain and cryptoassets have advanced in banking: Latin America is heading towards a new financial era, according to what was presented at Fintech Americas Miami 2025. During Fintech Americas Miami 2025, experts from Bitso, Koibanx, and Banco Nación (Argentina) highlighted the progress 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 access to 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 values through blockchain has not only reduced operational costs but also expanded access to investments.
Leo Elduayen, CEO of Koibanx, highlighted that "regulation is already beginning to consider the tokenization of values, 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," which would represent a potential volume exceeding 64 billion dollars.
The use of cryptoassets has also extended to corporate treasury management, international payments, and transfers between countries, they added.
Why are fintechs and crypto seeking to become banks?
In Argentina, the phenomenon has not gone unnoticed. Ernesto Fasola, an executive at Banco Nación, pointed out that "in 2023, 98 billion dollars in crypto were transacted in the country, more than the total imports," which would evidence a high demand for real-time and decentralized operations.
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.
