Crypto’s biggest exchanges back push for token disclosure standards as industry courts institutional capital
More than 40 crypto firms, including rival exchanges Coinbase and Kraken, are backing a Blockworks-led framework aimed at bringing stock market-style disclosures to token markets.
AI Summary
Over 40 major crypto firms, including exchanges Coinbase, Kraken, and Binance.US, have formed the Transparency Alliance to promote standardized token disclosures modeled after stock market practices. The group will use Blockworks' Token Transparency Framework, a free tool that collects information on insider allocations, market maker agreements, listing terms, and other key data through one-time and continuous filings. The initiative aims to give crypto investors clearer visibility into token projects and has already attracted interest from U.S. regulators, with 44 protocols having completed framework filings.