Intelligent Fin.tech Issue 21 | Page 57

BLOCKCHAIN SOLUTIONS

ALPHAPOINT PARTNERS WITH BANCOLOMBIA SUBSIDIARY WENIA TO LAUNCH NEXT- GENERATION EXCHANGE

AlphaPoint , a leading provider of digital asset infrastructure of exchanges , brokerages , payment networks and banking , has 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 .
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 .
The next wave of user adoption will come from projects like this , backed by highly respected and trusted financial institutions , to provide safe and reliable platforms that customers can use for everyday investing . Latin America is an extremely attractive region for cryptocurrency and Blockchain solutions , with high rates of unbanked and underbanked populations . 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 .”
The introduction of CopW , a stablecoin pegged 1:1 with the Colombian peso , marks a significant milestone in the adoption of digital assets in the region . Wenia operates under a Class F licence granted by the Bermuda Monetary Authority , ensuring the highest standards of security and transparency . Stablecoins provide efficient transfer of value between counterparties using Blockchain technology and are one of the most used tokens in the space , with over 60B in AUM existing in stablecoins .
Premier David Burt , of Bermuda , said : “ 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 .” �
“ 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
www . intelligentfin . tech
57