Frederik Gregaard states that Grant Thornton is using the Legal Entity Identifier, which he said processes $400 trillion in traditional finance and is used by J.P. Morgan, BNY Mellon, and UBS as a quantum-secure off-chain identifier.
Frederik Gregaard, chief executive of the Cardano Foundation, said Grant Thornton is utilizing the Legal Entity Identifier, describing it as an identifier system that processes $400 trillion in traditional finance. He said the system is used by major financial institutions including J.P. Morgan, BNY Mellon, and UBS, and characterized it as a quantum-secure off-chain identifier. The statement links Cardano-related infrastructure to a financial identity standard used in traditional markets, where off-chain identifiers can help connect blockchain-based systems with existing institutional compliance and entity verification processes.