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Excellent and timely question — and one that many in the eIDAS / Trust over IP / GLEIF / MyData / Findynet circles are quietly wrestling with right now.
Let’s strip the jargon down and look at it as infrastructure pieces.
LPID = Legal Entity Identifier with Power-to-Act & Identity Proofing — in the EUDI / EUBW context. It’s a verifiable credential representing a Legal Person’s ID, typically issued under eIDAS2 by a qualified or trusted issuer (like a national business register or EUBW-connected authority). It’s meant to live inside an organisation wallet (EUBW) and be usable by its representatives when they sign, delegate, or authorise on behalf of the company.
In short: LPID = “Company credential inside the EU Trust Framework.”
vLEI = verifiable Legal Entity Identifier — developed by GLEIF, built on the LEI system from the financial sector (originally under FSB/Basel mandate post-2008). vLEI is a set of three VCs anchored in a global, ISO-standard governance framework:
Legal Entity vLEI (the organisation itself)
Legal Entity Official Organisation Role Credential (vLEI EOR)
Legal Entity Authorised Representative Credential (vLEI EAR)
In short: vLEI = “Globally governed verifiable credentials for legal entities and their reps.”
They should not compete. They’re different layers of the same emerging trust stack.
The ideal setup:
The LPID issuer (e.g. a national business register) could issue a LPID that includes or references the vLEI identifier (LEI code).
The vLEI then serves as a globally resolvable identifier and credential for recognition outside the EU’s eIDAS sphere.
The EUBW (organisational wallet) can carry both, aligning EU legal validity with global interoperability.
vLEI = global trust anchor (ISO standard, machine-readable, cross-jurisdictional)
LPID = EU legal trust anchor (eIDAS2-compliant, linked to national registers, carries liability and legal effect)
If integrated smartly:
LPID = “who the company is under EU law” vLEI = “how the world recognises it in cross-border machine-to-machine interactions.”
EUBWs will support both schemas (LPID + vLEI).
GLEIF and EU pilots are already discussing convergence — e.g., using vLEI’s KERI/ACDC models as technical templates for LIPID and PoA credentials.
In the long run, expect harmonisation: vLEI providing the identifier framework, LPID providing EU legal semantics and qualified status.
They’re not competitors — they’re complementary building blocks.
vLEI gives you global machine-readable identity.
LPID gives you EU-legally valid identity and representation.
Together in an EUBW, they form the organisational side of the EU Trust Infrastructure — powering AI-agents, data-space access, and cross-border business automation.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Stanley Epstein Associate at Citadel Advantage Group
30 October
Julija Jevstignejeva Deputy Head of Marketing at Walletto UAB
29 October
Carlo R.W. De Meijer The Meyer Financial Services Advisory (MIFS) at MIFSA
28 October
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