NEW REPORT: Explore insights from @GLEIF on how standards for organizational identity and automated compliance can “increase the trust and integrity of financial markets globally.” Since 2008, the introduction of global identity standards has significantly increased the integrity of financial markets. However, today’s identity systems remain highly fragmented—imposing high costs, slowing onboarding, and creating friction between regulatory compliance and data protection: • 33% of compliance budgets are spent on KYC • $2,598 is the average onboarding cost per client • 67% of banks and 74% of asset managers lost clients due to onboarding delays Verifiable onchain identity is essential for reducing these inefficiencies by streamlining processes on a blockchain-based format, paving the way for widespread digital asset adoption. The report highlights how GLEIF and Chainlink can help scale digital asset adoption by bringing globally recognized and regulatory overseen identity standards into the blockchain era. As Larry Fink highlighted in BlackRock’s 2025 Annual Chairman’s Letter to Investors: “If we're serious about building an efficient and accessible financial system, championing tokenization alone won't suffice. We must solve digital verification, too.”