Overview
- Blockworks launched the Transparency Alliance on Wednesday, May 27, 2026, with founding members such as Coinbase, Binance.US, Kraken, Grayscale, Anchorage Digital, BitGo, and others publicly endorsing the Token Transparency Framework.
- The Token Transparency Framework is an open-source disclosure standard that uses two filing types—a one-time B-1 for new or post‑launch projects and a continuously updated B-2 for mature protocols—and it defines 18 specific disclosure criteria across project verification, token supply, financials, and market structure.
- Blockworks says 44 protocols have filed under the framework since June 2025 and it aims to exceed 200 filings by year-end, but an April audit and independent reporting counted 42 total filings with only 13 complete submissions and found participation from roughly 9% of surveyed projects.
- The audit highlighted a major adoption gap with zero Layer 1, Layer 2, or core infrastructure protocols reporting disclosures, and Blockworks notes it discussed the framework with SEC and CFTC staff in April 2026 which could influence future regulatory interest.
- If wider adoption follows, the framework could make token economics and insider allocations easier to compare for investors and could steer institutional due diligence, but its market impact will depend on whether exchanges, custody providers, and major protocols normalize filing use.