The Global Legal Entity Identifier Foundation (GLEIF) has signed a Memorandum of Understanding with Finternet Lab, an initiative of the Networks for Humanity Foundation, to collaborate on developing secure, interoperable digital infrastructure. The work will explore integrating GLEIF’s verifiable Legal Entity Identifier (vLEI) credentials with Finternet Lab’s open-source tools to support trusted digital identity and transactions. The collaboration will examine how vLEI credentials can work with Finternet Lab capabilities including UNITS, DeDi frameworks and transaction protocols, with a focus on challenges around digital identity, data provenance and interoperability across ecosystems. Joint initiatives are intended to develop real-world vLEI use cases spanning finance, sustainability and supply chains. Next steps include pilots and hackathons, alongside work to define common standards and governance models for implementation.
Global Legal Entity Identifier Foundation 2025-05-21
Global Legal Entity Identifier Foundation signs MoU with Finternet Lab to advance interoperable digital identity and transaction infrastructure
The Global Legal Entity Identifier Foundation has partnered with Finternet Lab to develop secure, interoperable digital infrastructure by integrating verifiable Legal Entity Identifier credentials with open-source tools, focusing on digital identity and interoperability challenges. The collaboration will involve pilots, hackathons, and developing standards and governance models for real-world use cases in finance, sustainability, and supply chains.