Crypto’s biggest exchanges back push for token disclosure standards as industry courts institutional capital
Key takeaways
- The Transparency Alliance, organized by Blockworks, will use the company’s Token Transparency Framework as a shared benchmark for evaluating token projects.
- “When investors buy a stock, they understand what they own.
- A total of 44 protocols have completed Token Transparency Framework filings since the standard launched in June 2025, including Morpho, Jupiter, Spark and dYdX.
The Transparency Alliance, organized by Blockworks, will use the company’s Token Transparency Framework as a shared benchmark for evaluating token projects. Founding members include some of the largest exchanges and infrastructure providers in crypto, including Coinbase, Kraken, Binance.US and MEXC; custodians Anchorage Digital, BitGo and Copper; market makers GSR, FalconX and Auros.
“When investors buy a stock, they understand what they own. When they buy a token, they do not,” Blockworks co-founder Jason Yanowitz told CoinDesk. “Critical information is often scattered, incomplete, or unavailable.”
A total of 44 protocols have completed Token Transparency Framework filings since the standard launched in June 2025, including Morpho, Jupiter, Spark and dYdX.