GLEIF & Chainlink Revolutionize Digital Asset Verification
GLEIF and Chainlink have joined forces to create a groundbreaking solution for digital asset verification and regulatory compliance. This partnership ensures that asset issuers, stablecoin providers, and financial institutions can meet global standards seamlessly.
The solution combines GLEIF's vLEI with Chainlink's CCID and ACE, enabling automated, verifiable, and privacy-preserving identity verification. This allows stablecoin issuers to prove their legal identity directly at the contract level, preventing fraudulent imitations.
Banks and asset managers can now issue tokenized assets with verifiable provenance. Custodians and Virtual Asset Service Providers (VASPs) can verify counterparties without exposing sensitive customer data, complying with FATF Travel Rule requirements. Enterprises can also restore control over compromised contracts using role-based recovery mechanisms.
Governments worldwide, including the EU, US, and select Asian countries, are affected by this solution. It supports regulations like AML, KYC, and MiCA, ensuring seamless compliance across multiple jurisdictions.
GLEIF and Chainlink's partnership provides a trusted on-chain solution for verifying legal identities behind digital assets and smart contracts. This enables secure tokenized transactions at scale, restoring control over compromised contracts, and promoting regulatory compliance across the globe.
