LEI & vLEI

Global Legal Entity Identifier (GLEIF) envisions a future where every business has a verifiable trusted global identity – the Legal Entity Identifier (LEI) – hardwired into all relationships and transactions.

For individual businesses, this would unlock almost limitless opportunities for them to participate in global markets.

Globally, it would ease international trade, accelerate economic growth, and help to address a range of global challenges: financial and corporate fraud, financial exclusion, friction in international capital flows, the burden of environmental compliance, money laundering, and the financing of terrorism.

Fuelled by digital transformation, levels of cooperation and competition between businesses are rapidly increasing worldwide. To enable this growth to continue, GLEIF has developed the verifiable LEI (vLEI), the digital counterpart to the LEI.

The vLEI enables businesses to leverage the trust associated with their LEI across their digitized business processes and transactions.

It creates digitized trust on a global scale.