Hassan Maishera
Chainlink announced via X on Wednesday that it has partnered with GLEIF to establish a new institutional-grade identity solution for the blockchain industry. The solution combines GLEIF’s verifiable Legal Entity Identifier (vLEI) with Chainlink’s Cross-Chain Identity (CCID) and Automated Compliance Engine (ACE) to embed verifiable organizational identity directly into onchain wallets, smart contracts, and tokenized assets.
This solution is empowering institutions and tokenization platforms to:
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Programmatically verify asset provenance
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Automatically enforce compliance policies
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Reliably recover control over assets if private cryptography keys are compromised
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Seamlessly meet compliance requirements for regulatory frameworks across the globe
By becoming a trusted identity onchain, banks, asset managers, and institutional investors can implement digital asset solutions at scale.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 6.66% over the past 24 hours and is trading at $22.72 at press time.
