- A collection of companies and protocols has established a transparency alliance to encourage token disclosures.
- Aave, Ripple, Binance US, and Kraken are among the founding members calling for standardization.
Blockworks is launching the Transparency Alliance that will establish the Token Transparency Framework (TFF) as the standard for token market disclosures. The alliance is industry-led, with some of the biggest companies and protocols making up the founding members. Some of the most notable include Ripple, Aave, Binance US, Coinbase, Kraken, Grayscale, MEXC, and others.
Introducing the Transparency Alliance.
An industry-led alliance establishing the Token Transparency Framework as the standard for token market disclosures. pic.twitter.com/ggiILUvM0d
— Blockworks (@Blockworks) May 27, 2026
The TFF will concentrate on four key areas: project and team vetting, token supply and distribution, financial transparency, and overall market structure. The alliance will also enable token owners to verify these disclosures from projects. Disclosing this information becomes the easiest and fastest way for investors to evaluate the integrity of a project.
Using these disclosures, investors are able to verify information about the project, they can predict pressure points based on token supply, and they can get a better understanding of the project’s plans based on financial records and market structures. Furthermore, this framework will enable investors to distinguish between projects building a long-term plan and those looking for a quick profit.
Projects can submit their disclosures on Blockwork’s platform, using the B-1 filing, which captures 18 disclosure criteria. The framework is open for revisions based on market changes.
Institutional Adoption Requires Transparency
According to the announcement, this is in response to growing institutional interest, prompting token markets to seek uniform disclosures to support serious capital flows. Beginning last year, the crypto market has seen banks, investment firms, and even governments get involved in the crypto market. Transparency is one of the easiest fixes that can help embolden institutions to get involved in the industry.
A preliminary report shows that of 42 total filings submitted by May, 13 were complete and 29 were incomplete. Furthermore, an April audit showed that out of 150 protocols, only 9% participated in the framework. This suggests that protocols are still hesitant to provide transparency. But some like Jito, Aerodrome, Raydium, Stride, Jupiter, and Morpho, who were already relatively transparent to begin with, have been among the first to participate in the framework.
Speaking on this development, Blockworks Co-founder Jason Yanowitz, noted that this was a way to bring trust to onchain markets. He added:
“The core issue is simple: when investors buy a stock, they understand what they own. When they buy a token, they do not. Critical information is often scattered, incomplete, or unavailable. We launched the Token Transparency Framework to bring disclosures to crypto and to improve the industry.”
The alliance hopes to onboard over 200 protocols by the end of the year as it strives to become the industry standard. If successful, this could be the broader market equivalent of Proof of Reserves. Following the collapse of Mt. Gox and FTX, crypto exchanges have officially committed to publishing monthly or quarterly reserve transparency data. The practice has seen investor trust in exchanges increase and encouraged crypto adoption.
