Crucially, GLEIF is steadfast in its commitment to governance, transparency, and
neutrality. Operating as a supranational, not-for-profit organization under public
oversight, GLEIF adheres to rigorous audit and compliance frameworks that
ensure accountability and integrity at every level.
The Need for Trusted Organizational Identity in the Digital World
While GLEIF’s roots lay in capital markets, the unique capacity of the LEI and
vLEI to enable organizations to trust and be trusted is applicable across all
sectors of the emerging digital economy.
For example, aligning identity frameworks across jurisdictions, industries, and
regulatory environments offers great potential. A more connected approach
enables financial institutions, regulators, and service providers to streamline
processes such as onboarding, Know Your Customer (KYC) compliance, and risk
assessment – making them more efficient, reliable, and less resource-intensive.
GLEIF is uniquely positioned to solve this problem by providing a globally
recognized, open, and interoperable organizational identity framework to enable
digitized trust on a global scale. The vLEI offers instant, automated identity
verification of legal entities and the people that represent it in official and
functional roles, both inside and outside the boundaries of that organization. This
verification can be cryptographically bound to official documents, transactions
and interactions – ensuring the integrity and authenticity of organizational
activity in both physical and digital contexts. This means GLEIF is playing an increasingly integral role across the evolving
global digital infrastructure, with its influence now extending far beyond
traditional finance into emerging domains such as decentralized finance (DeFi),
tokenized assets, cross-border trade, and global value chains – helping to
eliminate identity silos and foster a more secure, transparent, and efficient global
economy.