Gleif and Finternet Lab partner on digital ID and transaction infrastructure
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This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Addressing gaps in identity verification, data provenance, and interoperability across emerging digital ecosystems is an increasingly urgent priority for industry participants. The collaboration between GLEIF and Finternet Lab reflects a shared commitment to overcoming these challenges by enabling secure, verifiable identity and transaction systems – fostering greater trust and participation across the global digital economy, supporting sustainable and resilient economic growth.
Under the MoU, the organizations will jointly explore pathways for integrating GLEIF's verifiable Legal Entity Identifier (vLEI) credentials with Finternet Lab's suite of open-source tools – including the Universal Information Tokenisation System (UNITS), decentralized identity frameworks (DeDi), and transaction infrastructure protocols.
Pioneered by GLEIF as the secure digital counterpart of the Legal Entity Identifier (LEI), the vLEI represents a standardized form of digital organizational identity. By equipping organizations and their representatives with cryptographically verifiable identities, the vLEI offers a comprehensive solution for establishing a global digital trust ecosystem.
The partnership will explore and demonstrate the real-world applications of vLEI credentials across various use-cases, including decentralized finance, environmental reporting, and supply chain traceability. Planned initiatives include pilot projects, hackathons, and developer trainings, alongside technical reviews of enabling protocols such as Key Event Receipt Infrastructure (KERI). The partnership also seeks to define common standards and governance models for trusted digital identity layers at scale.
Ivan Mortimer-Schutts, Global Head of vLEI, GLEIF, comments: 'GLEIF is committed to partnering with organizations that share our mission of building a foundation of trust in the digital world. This latest collaboration represents a critical step toward realizing a globally interoperable identity layer that serves both legacy and emerging digital ecosystems. By aligning our vLEI credentials with Finternet's open-source tools, we are enabling secure, consent-based data sharing that supports innovation, regulatory integrity, and inclusive and sustainable economic growth.'
Siddharth Shetty, Co-Creator, Finternet Lab, comments: "Our collaboration with GLEIF aligns closely with our vision of universal access to trusted, open digital infrastructures. Integrating vLEI credentials into our ecosystem marks an exciting step towards ensuring interoperable, secure identities across diverse digital environments. Together, we are committed to enabling greater economic participation and innovation through robust, verifiable digital frameworks."
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