Blockworks forms Transparency Alliance with Coinbase, Kraken, Ripple, and other crypto firms

Blockworks has launched the Transparency Alliance, an industry group designed to establish disclosure standards for crypto tokens through the adoption of its Token Transparency Framework.

The founding cohort includes major crypto exchanges, custodians, market makers, venture funds, launch platforms, and stablecoin issuers. Members include Coinbase, Binance.US, Kraken, Grayscale, Anchorage Digital, MoonPay, BitGo, VanEck, Bitwise, Copper, Jito, Securitize, GSR, FalconX, Auros, Aerodrome, Aave, Ripple, and MEXC.

The group aims to address what Blockworks describes as an information gap in token markets, where issuers and insiders often have access to material details that ordinary tokenholders cannot easily find. Unlike public markets, crypto has not had a widely adopted standard for disclosing key information such as insider allocations, market maker agreements, entity structures, and buyback programs.

The Token Transparency Framework, launched by Blockworks in June 2025, provides a standardized disclosure process for digital assets. The framework includes two filing types: B1, a one time filing for token generation events, and B2, a continuously updated filing for mature protocols.

Blockworks said the filings are assessed for completeness rather than quality, with labels showing whether a project has fully disclosed the required information. Since launch, 44 protocols have completed filings, including Jito, Aerodrome, Morpho, dYdX, Spark, Jupiter, and ZKsync. Blockworks said it aims to have more than 200 protocols with public disclosures by the end of 2026.

The alliance comes as Congress advances the CLARITY Act, with crypto markets moving toward stronger classification, disclosure, and transparency standards. Blockworks said alliance members will use the Token Transparency Framework as a core input in their diligence processes and help shape the standard over time.

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