GDF and GLEIF partner to develop standards for digital asset industry
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GDF and GLEIF partner to develop standards for digital asset industry 16 July 2024UK, Switzerland Reporter: Daniel Tison
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Global Digital Finance (GDF), a global members association and platform for open innovation in digital assets, has partnered with the Global Legal Entity Identifier Foundation (GLEIF).
The partnership looks to promote data standardisation and foster interoperability between the digital asset ecosystem and traditional finance.
According to GDF, the move is true to its mission of promoting and underpinning the greater adoption of market standards for the use of crypto and digital assets.
Madeleine Boys, director of programmes and innovation at GDF, says: “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.
“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.”
Alexandre Kech, CEO at GLEIF, adds: “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.”
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