Blockworks has formed an alliance with cryptocurrency institutions including Coinbase to promote "stock market-like" disclosure standards.

BlockBeats News, May 27th - The "Transparency Alliance" initiated by Blockworks was officially established, with the support of over 40 crypto companies including Coinbase, Kraken, and Binance.US. The alliance aims to jointly promote the establishment of a unified token disclosure standard to enhance market transparency and attract institutional capital. Built on Blockworks' Token Transparency Framework, the alliance seeks to create a standardized disclosure mechanism for crypto assets, similar to the stock market, allowing investors to have a clearer understanding of token structure and risks.

The framework covers token issuance structure, internal holding distribution, market maker arrangements, exchange listing terms, and buyback mechanisms, and is divided into two document systems: "One-time Pre-Issuance Disclosure" and "Ongoing Update Disclosure." Currently, 44 projects including Morpho, Jupiter, Spark, and dYdX have completed the relevant filings.

Industry experts point out that this move is aimed at establishing a unified information infrastructure for the crypto market to meet institutional investors' demands for transparency and compliance. Blockworks stated that the framework has been communicated with personnel from the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC).