The Global Legal Entity Identifier Foundation (GLEIF) has 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 technology and its Trade Worldwide Information Network (TWIN) to support “on-chain” organizational trust, with the stated aim 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. The initiative is also positioned as contributing to broader efforts to develop digital public infrastructure.
Global Legal Entity Identifier Foundation 2025-09-16
Global Legal Entity Identifier Foundation partners with the IOTA Foundation to test LEI and vLEI digital identity for global trade and supply chains
The Global Legal Entity Identifier Foundation (GLEIF) partnered with the IOTA Foundation to explore using the Legal Entity Identifier (LEI) and verifiable LEI (vLEI) for secure digital identity in global supply chains. They aim to leverage IOTA's distributed ledger technology to enhance transparency and reduce cross-border trade friction. Initial proof-of-concept work targets streamlining customs checks, simplifying supply chain processes, enabling secure digital payments, and expanding trade finance access.