Photo by Global Digital Finance (GDF) and the Global Legal Entity Identifier Foundation (GLEIF) have joined forces to develop standards for the digital asset industry. This partnership aims to promote data standardisation and foster interoperability between the digital asset ecosystem and traditional finance.
Diagram of digital asset ecosystem
In line with GDF’s mission to promote the adoption of market standards for the use of crypto and digital assets, this partnership is a natural progression in the organisation’s efforts to foster a growing ecosystem of standards within the digital asset industry.
“This partnership with GLEIF is a natural progression in GDF’s ongoing efforts to foster a growing ecosystem of standards within the digital asset industry,” said Madeleine Boys, director of programmes and innovation at GDF. “GDF serves the digital asset community as an open innovation and standards platform, and we welcome the opportunity to partner with industry leaders like GLEIF to help set and better promote standards that enable a better-integrated, efficient, and interoperable digital financial system for all market participants.”
Graph illustrating the importance of data standardisation
GLEIF CEO Alexandre Kech added, “With the growing digitisation of financial services, it is essential to standardise data to enhance interoperability between the digital asset ecosystem and traditional finance. Our partnership with GDF is a significant step towards promoting transparency and trust within digital transactions. Together, we will advocate and accelerate the adoption of best practices for digital assets, ultimately paving the way for a more integrated and efficient financial system for all market participants.”
Image of people working in a financial institution
This partnership is a crucial step in the development of the digital asset industry, as it will enable the creation of a more integrated and efficient financial system. With the growing importance of digital assets, it is essential to have standards in place to ensure transparency, trust, and interoperability.
Image representing digital assets
“The partnership between GDF and GLEIF is an important milestone in the development of the digital asset industry,” said an industry expert. “It will enable the creation of a more integrated and efficient financial system, which will benefit all market participants.”
Diagram of integrated financial system
In conclusion, the partnership between GDF and GLEIF is a significant step towards promoting transparency and trust within digital transactions. It will pave the way for a more integrated and efficient financial system for all market participants.
