The Global Legal Entity Identifier Foundation (GLEIF) announced a partnership with the IOTA Foundation to explore how the Legal Entity Identifier (LEI) and verifiable LEI (vLEI) could provide secure, verifiable digital identity across global supply chains. The collaboration combines GLEIF’s identity standards with IOTA’s distributed ledger and Trade Worldwide Information Network (TWIN) infrastructure to support on-chain trust between organizations, with the stated aims of improving transparency and reducing friction in cross-border trade. Initial proof-of-concept work is focused on potential applications including streamlining customs checks, simplifying supply chain processes, enabling secure digital payments, and expanding access to trade finance, alongside contributing to wider digital public infrastructure development.
Global Legal Entity Identifier Foundation 2025-09-16
Global Legal Entity Identifier Foundation partners with IOTA Foundation to test LEI and vLEI-based digital identity for global trade
The Global Legal Entity Identifier Foundation (GLEIF) and the IOTA Foundation are partnering to explore the use of Legal Entity Identifier (LEI) and verifiable LEI (vLEI) for secure digital identity in global supply chains, aiming to enhance transparency and reduce cross-border trade friction. Initial proof-of-concept efforts will focus on applications such as customs checks, supply chain processes, digital payments, and trade finance access.