Blockworks has launched the Transparency Alliance, a crypto market-structure coalition backing standardized token disclosures through its Token Transparency Framework.

The group includes exchanges, custodians, market makers, funds, launch platforms, stablecoin companies, and protocols. Blockworks named Coinbase, Binance.US, Kraken, Grayscale, Anchorage Digital, Moonpay, BitGo, VanEck, Bitwise, Copper, Jito, Securitize, GSR, FalconX, Auros, Aerodrome, Aave, Ripple, MEXC, and others as founding members. CoinDesk separately reported that more than 40 crypto firms are participating.

The alliance is built around the Token Transparency Framework, which Blockworks describes as an open-source disclosure system for digital assets. Its B-1 filing is intended as a one-time disclosure for early or post-launch teams, while the B-2 is meant to be updated continuously by more mature projects. The framework assigns a Disclosure Score based on how complete a filing is, not on whether the underlying asset is high quality.

The timing is notable because token markets are trying to attract larger institutional buyers while still lacking a disclosure baseline comparable to public equities. Blockworks said the framework has been discussed with the SEC and CFTC, and that 44 protocols have completed filings since the framework launched in June 2025.

The practical test will be adoption outside press-release support. If exchanges and market makers begin using the filings in listing reviews, diligence, or investor-facing workflows, the framework could become shared infrastructure. If not, it remains another voluntary standard in a market already crowded with optional disclosures.