Walkers works for Wenia Ltd, helping to secure a Class F digital assets business license

May 9, 2025

Ethereal blue and white ink clouds swirl in the water, creating an abstract underwater dance of colours.

The crypto specialist, a subsidiary of Bancolombia S.A., asked the Walkers team to take the lead and secure this important licence from the Bermuda Monetary Authority.

One of Wenia’s key priorities was to issue a fully collateralized stablecoin referenced to the Colombian peso. Backed by an expert Walkers team including partners Rachel Nightingale, Natalie Neto and Sara Hall, along with associate Amelia Oatley, this is now in place and the business can continue its expansion plans securely, within Bermuda’s world-class fintech jurisdiction.

"We are delighted to have assisted Wenia Ltd in their Class F digital assets business license, and we look forward to the continued expansion of Wenia's innovative products and services. The choice of Bermuda by Grupo Bancolombia as the domicile in which to locate its digital assets business is a testament to the legal and regulatory framework established by Bermuda and the Bermuda Monetary Authority, and we look forward to the continued success of the Bermuda fintech sector in 2024."

Rachel Nightingale, Partner, Walkers

Fintech Bermuda

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