Latest news with #AlexandreKech
Finextra
09-07-2025
- Business
- Finextra
TradeGo becomes fully qualified vLEI issuer
The Global Legal Entity Identifier Foundation (GLEIF) today announces that TradeGo Pte. Ltd., a Singapore-based digital platform for commodity trade, has been approved as a Qualified vLEI Issuer (QVI) within the verifiable Legal Entity Identifier (vLEI) ecosystem. 0 TradeGo is a Singapore-based digital platform for commodity trade jointly established by major industry players, financial institutions, shipping companies, and technology firms. This milestone strengthens efforts to build a transparent, efficient, and interoperable international trade environment by equipping TradeGo to issue cryptographically verifiable organizational identities. Users of the TradeGo platform span industry players across bulk commodities, shipping, and finance. By embedding vLEI credentials across its blockchain-based solutions - which include electronic bills of lading (eBL), e-contracts, digital payments, and electronic bunkering - TradeGo aims to simplify cross-border commodity trading, shipping, and payments. This reduces fraud risk, lowers compliance costs, and supports alignment with emerging regulatory frameworks promoting trade digitalization - including Singapore's Electronic Transactions Act and the UK's Electronic Trade Documents Act. TradeGo's integration of vLEI credentials builds on its platform's digitalization capabilities to deliver significant operational benefits. Data from TradeGo's pilot and pre-qualification scenarios showed that its solutions can cut digital payment compliance costs by up to 90 percent, reduce manual operations by 80 percent, and increase trade document processing efficiency by over 60 percent. These initial outcomes illustrate the transformative potential of combining blockchain-based trade solutions with globally verifiable digital identities as TradeGo begins full-scale vLEI credential issuance. Looking ahead, achieving QVI status forms part of TradeGo's broader ambition to create a trusted global digital ecosystem linking identity, business, and data - known as GIFTS (Global Inter-entity Financial and Trading Society). Alexandre Kech, CEO of GLEIF, said: 'TradeGo's approval as a QVI is a powerful endorsement of the role the vLEI can play in addressing the long-standing identity and compliance challenges that have constrained cross-border trade - creating significant fragmentation and inefficiencies. By integrating the vLEI as a globally standardized, cryptographically verifiable organizational identifier into blockchain-enabled solutions, TradeGo is overcoming these barriers and demonstrating what the future of trusted digital trade looks like.' Mr. Yu Yingjiao, CEO of TradeGo, commented: 'This milestone reinforces TradeGo's mission to build a seamless and trusted digital trade environment. By embedding vLEI credentials across our platform, we are creating a foundation for truly interoperable global trade, where one identity supports participation across ecosystems. We welcome partners to join us on this journey.' Xu Jun, Vice Chair of the ICC Banking Commission Steering Committee, added: 'The ability to verify cross-border entities instantly is essential for reducing KYC costs and eliminating fraud risks in trade finance. Integrating the vLEI across TradeGo's ecosystem offers a credible, forward-looking solution for the industry.' GLEIF encourages participants across the global trade and finance ecosystem to explore how the vLEI, combined with innovative platforms like TradeGo, can support more efficient, transparent, and secure global trade.
Finextra
27-05-2025
- Business
- Finextra
Gleif establishes partner programme
The Global Legal Entity Identifier Foundation (GLEIF) today launched the GLEIF Partners Program, a new global initiative fostering increased collaboration among key stakeholders to accelerate the adoption of the Legal Entity Identifier (LEI) and verifiable LEI (vLEI) across sectors. 0 GLEIF's Partners Program creates a unique forum for data and technology vendors, financial institutions, corporates, certification authorities, and trust service providers that brings together key stakeholders to develop high-value offerings by leveraging the technology and strategic importance of the LEI and vLEI. The innovation led by GLEIF partners will be key to advancing a more trusted global economy. 'Building a more open and transparent global marketplace is dependent on interoperable, verifiable organizational identity,' comments Alexandre Kech, CEO at GLEIF. 'The LEI and vLEI provide significant opportunities to enhance transparency and build greater trust across global markets. By convening organizations from across the world with a shared mission of improving digital trust and maximizing the utility of the (v)LEI, the program promises to enable invaluable exchanges that will advance secure and transparent business interactions - promoting sustainable growth across the global digital economy.' Global organizations that have recently joined the GLEIF Partners Program include JacobsenID, a Nordic identity assurance service provider interested in enabling vLEI use cases, Montran, a provider of payment and capital market infrastructure solutions operating in over 90 countries, and NETS Solutions, a specialist in payment and securities settlement solutions for central banks. NETS Solutions, part of the Singapore-based payment services NETS Group, extends GLEIF's strategic focus and sustained engagement in the APAC region. The new program also integrates members from previous GLEIF's stakeholder groups to foster greater collaboration between longstanding stakeholders and new partners. 'Montran is honored to be among the inaugural members of the GLEIF Partners Program. Since the inception of the Legal Entity Identifier as an international standard, we have integrated it into our solutions for payments and capital markets, supporting many of our clients in its implementation. We look forward to expanding our collaboration with GLEIF across various instruments and transaction types, learning from other partners' best practices, and sharing our own - in a true spirit of cooperation,' says Matthieu de Heering, Global Head of Business Development, Capital Markets at Montran. 'Our partnership with GLEIF marks a significant milestone in NETS Solutions' mission to deliver robust, future-ready solutions in payments and securities settlement. Supporting the use of Legal Entity Identifiers ensures our clients benefit from globally recognized, verifiable company identities, streamlining onboarding, KYC, and risk management processes,' comments Saw Choo Tatt, CEO, at NETS Solutions. GLEIF encourages any organization that uses or plans to integrate LEI or vLEI data into their operations to join its Partner Program. Key benefits include: • Exclusive Product Listings: Promote your (v)LEI-enabled offerings on a trusted platform, connecting directly with data consumers. • Global Visibility: Gain exposure through GLEIF's global network, engage with industry leaders and contribute to strategic developments within the Global LEI System. • Strategic Engagement: Access exclusive market insights, regulatory updates, and industry best practices. Eligible stakeholders, including those already active in GLEIF's existing stakeholder groups, will automatically be enrolled. New participants can join via or by contacting info@ 'The GLEIF Partners Program is essential in bridging the digital identity gap for legal entities around the world. This initiative goes beyond promoting the LEI and vLEI - it is about building a community of practitioners who understand their practical value. From streamlining client onboarding to expanding access to trusted identity credentials globally, GLEIF Partners are delivering real-world benefits,' comments Guillermo De la Fuente, SwissTreasurer, and Co-chair of GLEIF's Partners Program. 'The GLEIF Partners Program brings together a powerful network of organizations committed to enhancing global transparency, trust, and interoperability. At XBRL, we are proud to support this initiative, which aligns closely with our mission to improve the accessibility and reliability of business information in the digital economy,' says John Turner, CEO, XBRL International, and Co-chair of GLEIF's Partners Program. While participation in the GLEIF Partners Program is free, our Contributions & Sponsorship Framework provides partners with the opportunity to amplify the program's impact, foster collaboration, and support key initiatives that strengthen the Global LEI System.
