Digital Assets

Blockchain technology is fueling innovation in the global exchange of value and data. As financial institutions scale their blockchain strategies, global financial markets are undergoing a transformation. Until recently, digital asset and decentralized financial infrastructures have remained outside of the traditional financial ecosystem, yet the gap is closing as trading, transfers, and ownership of digital assets enter the mainstream.

All of this points to a now critical need to bridge a ‘trust gap’ that exists between emerging digital asset infrastructures and the traditional finance system. Current blockchain ecosystems often lack a reliable way to verify who is issuing, holding or transacting digital assets, especially across multiple ledgers and permissioned environments. To unlock the full potential of new innovations in the global exchange of value and data, a globally recognized and standardized mechanism is needed to verify the organizations involved in digital asset trade.

Growing industry and regulatory support demonstrates that GLEIF’s universal LEI and vLEI organizational identity offering is a critical and valuable component of a digital asset-agnostic infrastructure. It is a globally standardized, neutral, multi-chain, and multi-platform enabler of organizational identity services and it is already widely supported by regulators.

With the LEI and vLEI as a trust anchor for organizational identity embedded within decentralized financial services, the integrity and efficiency of digital asset infrastructures will be improved to support continued advances in value and data exchange. This promises to create a more inclusive and accessible financial system for all, while unlocking huge benefits for institutions through enhanced client services and streamlined compliance.

Learn more from publications that recognize the critical role of the LEI and vLEI in enabling the development of secure and seamless digital asset exchanges and infrastructures: