Overview
- Blockworks announced the formation of the Transparency Alliance on May 27, 2026, with more than 40 firms publicly endorsing the Token Transparency Framework.
- Founding supporters include major exchanges Coinbase, Kraken and Binance.US plus custodians and market makers such as Anchorage Digital, BitGo, GSR and FalconX.
- The framework sets two filing types—a one‑time B-1 for new launches and a continuously updated B-2 for mature projects—and requires about 18 disclosure items like entity structure, insider allocations, vesting schedules, market-maker agreements and listing terms.
- Adoption remains limited: the TTF shows roughly 42–44 filings with only 13 complete submissions and an April audit of more than 150 protocols found about 9% participation and zero submissions from Layer 1, Layer 2 or core infrastructure projects.
- Blockworks says it has engaged staff at the SEC and CFTC, will keep the framework free for issuers, and plans to monetize downstream products such as data, research and software if exchanges and institutions begin to normalize disclosures.