Mexican Blockchain Association is a company.
Key people at Mexican Blockchain Association.
Mexican Blockchain Association was founded by Felipe Vallejo Dabdoub (Co Founder & Board member).
The Mexican Blockchain Association is not a company but a non-profit industry association founded to promote blockchain technology adoption in Mexico. It educates citizens on distributed ledger technology (DLT), sets standards for safe and high-quality use, and prevents malpractice like money laundering.[1][2] Formed by key players including Bitso, Volabit, BIVA, GBM, Lvna Capital, ConsenSys, and Exponent Capital, it operates alongside other groups like Blockchain Alliance Mexico and the Network of Blockchain Professionals to foster legal certainty and public infrastructure for blockchain solutions.[2][4]
Its mission centers on transparency, safety, and efficiency in blockchain applications, influencing Mexico's regulatory landscape where virtual assets are recognized as digital assets but not legal tender.[1][2][5] By bridging industry, regulators, and the public, it supports fintech innovation without direct investment activities, distinguishing it from venture firms like founding member Lvna Capital.[3]
Launched on November 28, 2018, as Mexico's first blockchain association, it emerged amid growing regional interest in DLT, with founding members uniting to address untapped potential and regulatory gaps.[1][4] Felipe Vallejo served as provisional president, emphasizing blockchain's role in creating "more transparent, safe and efficient procedures."[1]
Key figures include Allan Cassis, founder of Lvna Capital and current Chairman of the Board, bringing over 12 years in finance, investment banking at Lazard, ADR, and Rothschild, plus expertise in blockchain from Columbia University (BS Applied Mathematics) and Harvard (MBA).[3] The association evolved from initial education efforts to advocating for standards and pilots, aligning with Mexico's 2021 regulatory statements allowing supervised virtual asset operations.[2]
The association rides Latin America's blockchain adoption wave, where Mexico's Congress recognizes cryptocurrencies as digital assets with controlled rules, enabling fintech growth amid global DLT expansion.[5] Timing aligns with 2021 regulatory nods from CNBV, SHCP, and Banxico, allowing banks supervised virtual asset operations while blocking direct customer services to mitigate risks.[2]
Market forces like rising fintech demand and public infrastructure needs favor it, as seen in multi-sector initiatives for pilots and democratization of blockchain access.[2] It influences the ecosystem by uniting stakeholders, informing policy, and countering three active associations' fragmented efforts, accelerating Mexico's shift from skepticism to innovation hub.[2]
With regulators warming to new technologies, the Mexican Blockchain Association is poised to lead pilot projects and standard-setting as virtual asset rules evolve—potentially enabling broader bank custody and exchange services.[2] Trends like tokenized assets and DeFi will shape its path, amplifying its role in a market projected for deeper integration.
Its influence may grow by forging global ties via forums like the Blockchain Association Forum, solidifying Mexico's position in LatAm blockchain while educating to preempt risks, tying back to its foundational push for transparent, efficient DLT ecosystems.[2]
Mexican Blockchain Association was founded by Felipe Vallejo Dabdoub (Co Founder & Board member).
Key people at Mexican Blockchain Association.
