Blockworks joins with an exchange and other crypto institutions to establish a Token Disclosure Alliance, promoting “stock market-like” transparency standards.

Odaily reported that the “Transparency Alliance” initiated by Blockworks has been officially established, receiving support from over 40 crypto companies including some exchanges. Together, they aim to promote the creation of unified token information disclosure standards to enhance market transparency and attract institutional capital. The alliance is based on Blockworks’ Token Transparency Framework, and seeks to establish a standardized disclosure mechanism for crypto assets similar to those in the stock market, enabling investors to better understand token structure and risks.

According to the report, the framework covers information such as token issuance structure, internal holding allocations, market maker arrangements, exchange listing terms, and buyback mechanisms. It differentiates between “one-time pre-issuance disclosure” and “ongoing periodic disclosure” documents. Currently, 44 projects—including Morpho, Jupiter, Spark, and dYdX—have filed related records.

Industry professionals pointed out that this initiative aims to establish unified information infrastructure for the crypto market to meet institutional investors’ transparency and compliance requirements. Blockworks said the framework has already been discussed with relevant staff from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Analysts believe this alliance signals that the crypto industry is accelerating towards an “institutionalized information disclosure system”; however, its ultimate impact will depend on whether the market adopts these disclosure standards as a widespread industry consensus. (CoinDesk)