AlphaPoint Joins Force With Bancolombia's Wenia to Introduce Next-Generation Crypto Exchange

AlphaPoint, a leading provider of digital asset infrastructure of exchanges, brokerages, payment networks, and banking, announced its partnership with Wenia, a subsidiary of Bancolombia, to launch their innovative exchange offering.

The application, built on AlphaPoint's Exchange platform, provides a seamless and secure way to buy, sell, convert, receive, and send various digital assets, including the newly introduced CopW (Colombian Peso Wrapped), a new Colombian peso stablecoin on the Polygon network.

According to the announcement by AlphaPoint, Bancolombia Group's investment into Wenia is a monumental milestone and acknowledgement of the future of financial products with blockchain technology in Colombia and Latin America. Latin America is an extremely attractive region for cryptocurrency and blockchain solutions, with high rates of unbanked and underbanked populations.

"The launch of the Wenia marks a significant milestone in the adoption of digital assets not only in Colombia but worldwide," said Igor Telyatnikov, CEO of AlphaPoint. "We are proud to have been selected for this important project and are excited by its public launch. Now we get to deliver on our mission of enabling access to digital assets globally with a stellar partner."

Telyatnikov added, "At AlphaPoint, we believe in widespread access to digital assets, and are witnessing one of Colombia's largest financial institutions invested in providing a trusted and reliable way for individuals to transact. AlphaPoint's technology is the backbone that makes this possible, offering a secure and scalable infrastructure for digital asset management."

Premier David Burt of Bermuda commented, "AlphaPoint has been providing services to regulated platforms worldwide. Their partnership with Wenia showcases Bermuda's commitment to fostering innovation in the digital asset space, while maintaining the highest regulatory standards. We are pleased to see AlphaPoint's technology being leveraged to enable secure and reliable access to digital assets for users in Colombia and beyond, further cementing Bermuda's position as a leading jurisdiction for digital asset businesses."