Bancolombia S.A. announced the start of operations of its subsidiary Wenia Ltd. (?Wenia?), a company incorporated under the laws of Bermuda, affiliate of Banca de Inversión Bancolombia S.A., which will develop activities related to digital assets. Wenia will operate as a supplier of services associated with digital assets, through its digital platform, that will be only available initially for Colombian citizens who are residents in Colombia. Wenia?s clients will be able to buy, sell, convert, receive and send the digital assets available in the platform, including the COPW, which is a digital asset created by Wenia and indexed 1:1 to the Colombian peso.

Wenia has a Class F license granted by the Bermuda Monetary Authority, which is the entity responsible for regulating the activities developed by Wenia, under the Bermuda Digital Asset Business Act of 2018.