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

May 27: Blockworks’ Transparency Alliance, a new crypto industry initiative, was formally established with backing from over 40 leading firms including Coinbase, Kraken, and Binance.US. The alliance’s core goal is to develop a unified token disclosure standard to boost market transparency and attract institutional investment. Built on Blockworks’ Token Transparency Framework, the initiative aims to create standardized disclosure rules for crypto assets—modeled after requirements for public stocks—to help investors gain clearer visibility into token structures and associated risks. The framework covers key areas: token issuance structures, internal holding distributions, market maker arrangements, exchange listing terms, and buyback mechanisms. It is split into two core document systems: one-time pre-issuance disclosure and ongoing update disclosures. To date, 44 projects including Morpho, Jupiter, Spark, and dYdX have completed filings under this framework. Industry experts note the move is designed to build a unified information infrastructure for the crypto market, addressing institutional investors’ demands for transparency and compliance. Blockworks added that the framework has already been shared with officials from the U.S. Securities and Exchange Commission (SEC) and U.S. Commodity Futures Trading Commission (CFTC).