On 11 February 2021, the Global Legal Entity Identifier Foundation (GLEIF) published issuance and technical infrastructure models for its recently announced verifiable LEI (vLEI) system. A vLEI is a secure digital attestation of a conventional LEI. When fully developed, the vLEI will enable instant and automated identity verification between counterparties operating across all industry sectors, globally. By embedding new and existing LEIs in verifiable credentials, the vLEI will create a cryptographically secure chain of trust that replaces current manual processes required to access and confirm an entity’s LEI data.

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