Blockworks has launched the Transparency Alliance, an initiative aimed at setting disclosure standards for crypto tokens through its Token Transparency Framework. The newly formed group consists of a diverse array of participants from the cryptocurrency ecosystem, including prominent exchanges, custodians, market makers, venture capital funds, launch platforms, and stablecoin issuers. Notable members include Coinbase, Binance.US, Kraken, Grayscale, Anchorage Digital, MoonPay, BitGo, VanEck, Bitwise, Copper, Jito, Securitize, GSR, FalconX, Auros, Aerodrome, Aave, Ripple, and MEXC.
The Transparency Alliance seeks to tackle what Blockworks identifies as a significant information gap in the token market, where issuers and insiders possess critical information that is not readily available to average tokenholders. Unlike traditional public markets, the cryptocurrency sector has lacked a standardized approach to disclosing essential data, including details about insider allocations, agreements with market makers, structural entity information, and buyback programs.
Launched in June 2025, the Token Transparency Framework aims to create a uniform disclosure process for digital assets. The framework offers two filing categories: B1 and B2. The B1 filing is a one-time submission specifically for token generation events, while the B2 filing is an ongoing update for established protocols. According to Blockworks, these filings are evaluated based on their completeness rather than the quality of the information presented, with clear labels indicating whether a project has fully disclosed the necessary information.
Since its inception, 44 protocols have successfully completed the filing process, including notable names like Jito, Aerodrome, Morpho, dYdX, Spark, Jupiter, and ZKsync. Blockworks has set an ambitious goal of having over 200 protocols with publicly accessible disclosures by the end of 2026.
This initiative arrives at a critical moment as Congress advances legislation such as the CLARITY Act, which calls for enhanced classification, disclosure, and transparency standards in the crypto markets. Members of the Transparency Alliance plan to incorporate the Token Transparency Framework as a foundational tool in their due diligence processes, thereby contributing to the evolution of industry standards over time.
