Charter Foundation has launched a shared legal and governance framework designed to reduce the cost and complexity of crypto token launches. The initiative was developed by the team behind Ink Foundation, which developed the Ink Ethereum Layer 2 network, but an Ink Foundation spokesperson said Charter Foundation is not connected to Kraken, which released Ink. Charter says projects typically need three entities: a labs company, a Cayman Islands foundation and a British Virgin Islands issuance subsidiary. Building that structure from scratch, including independent director fees, can cost more than $100,000 before a token generation event. Earlier Charter estimates put its initial shared infrastructure at about $35,000, compared with roughly $70,500 for a traditional setup. The framework forms a dedicated Cayman Islands exempted company for each project under Charter's governance, with the entity converting into an independent foundation after a successful launch. Partners include GSR, Carey Olsen, Renno & Co, Cooley, Fenwick, ChainSecurity and Zellic. The initiative arrives as token launches and token-linked venture deals decline and investors increasingly favor equity structures. Charter's documentation has been public since August 21, but no tokens have launched through the framework.