Blockworks partners with Coinbase and other crypto institutions to establish token disclosure alliances to promote “stock market-like” transparent disclosure standards

According to the news, the “Transparency Alliance” initiated by Blockworks was formally established and received support from more than 40 crypto companies, including Coinbase, Kraken, and Binance.US, to jointly promote the establishment of unified token information disclosure standards to enhance market transparency and attract institutional capital. Based on Blockworks' Token Transparency Framework (Token Transparency Framework), the alliance aims to establish a standardized information disclosure mechanism similar to the stock market for crypto assets, so that investors can more clearly understand token structures and risks.

According to reports, the framework covers information such as the token issuance structure, internal position allocation, market maker arrangements, exchange listing terms, and repurchase mechanisms, and is divided into two types of document systems: “one-time disclosure before issuance” and “continuous update disclosure”. Currently, 44 projects, including Morpho, Jupiter, Spark, and dYdX, have completed relevant filings.

Industry sources pointed out that the initiative aims to establish a unified information infrastructure for the crypto market to meet the transparency and compliance requirements of institutional investors. Blockworks said the framework has been communicated with relevant personnel from the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC). Analysts believe that the alliance marks the crypto industry's acceleration towards an “institutionalized information disclosure system,” but its ultimate impact still depends on whether the market turns disclosure standards into general industry consensus. (CoinDesk)