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More Than 40 Crypto Firms Back Blockworks-Led Token Disclosure Framework

More Than 40 Crypto Firms Back Blockworks-Led Token Disclosure Framework

Blockworks states the Transparency Alliance includes Coinbase, Kraken, Ripple, and other firms in an effort to standardize token disclosures across the crypto industry.

Fact Check
Multiple sources including the primary Blockworks announcement confirm all elements of the claim: Blockworks-led, 40+ firms, including Coinbase/Kraken/Ripple, focused on token disclosure standards.
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Summary

The Transparency Alliance has launched its Token Transparency Framework with support from more than 40 crypto companies, according to Blockworks. A new report identifies Coinbase, Kraken, Ripple, and other firms as participants in the initiative, which is designed to standardize token disclosures. Existing details from Blockworks indicate the open-source framework covers token issuance, insider allocations, market makers, exchange listing terms, and buybacks, and that the group has discussed the framework with staff at the SEC and CFTC.

Terms & Concepts
  • Token Transparency Framework: An open-source disclosure standard launched by the Transparency Alliance to standardize how information about crypto tokens is presented.
  • Token disclosures: Standardized public information about a crypto token intended to improve transparency around how a digital asset is issued and managed.
  • Token markets: Markets where digital tokens are issued and traded across crypto platforms and related financial venues.