GLEIF and Chainlink have formed a strategic alliance to offer an advanced identity verification system for the blockchain sector.

This partnership intends to integrate GLEIF’s verifiable Legal Entity Identifier (vLEI) with Chainlink’s Cross-Chain Identity (CCID) and Automated Compliance Engine (ACE), facilitating secure and validated organisational identities within on-chain wallets, smart contracts, and tokenized assets.

The objective of this collaboration is to address the challenge of establishing a reliable identity framework for institutions adopting digital assets. Through this initiative, financial institutions, stablecoin providers, and trading platforms can better meet regulatory standards, automate compliance checks, verify counterparties across different jurisdictions, and ensure user privacy.

Details of the GLEIF x Chainlink Collaboration

The official statement highlights that by embedding trusted identity verification at the protocol level, this partnership is expected to empower banks, asset managers, and digital asset exchanges to safely scale tokenized financial services and attract substantial institutional investment. Simultaneously, both parties will continue to cater to client needs while adhering to evolving regulatory landscapes.

The recent partnership with Chainlink also involved 21X, enhancing several Decentralized Finance (DeFi) projects by providing real-time market data through the Chainlink infrastructure. This integration ensured secure and reliable market information for tokenized securities onchain, supporting transparency and auditability required by institutions to operate on the blockchain.