Blockworks collaborates with cryptocurrency institutions such as Coinbase to establish a token disclosure alliance, promoting transparent disclosure standards for "stock markets" Odaily Planet Daily News: The Transparency Alliance, initiated by Blockworks, has been officially established, with the support of over 40 cryptocurrency companies including Coinbase, Kraken, Binance. US, etc., jointly promoting the establishment of a unified token information disclosure standard to enhance market transparency and attract institutional capital. The alliance is based on Blockworks' Token Transparency Framework, attempting to establish a standardized information disclosure mechanism for encrypted assets similar to the stock market, allowing investors to have a clearer understanding of token structure and risks. It is reported that the framework covers information such as token issuance structure, internal position allocation, market maker arrangement, exchange listing terms, and repurchase mechanism, and is divided into two document systems: "one-time disclosure before issuance" and "continuous update disclosure". Currently, 44 projects, including Morpho, Jupiter, Spark, and dYdX, have completed relevant filings. Industry insiders point out that this measure aims to establish a unified information infrastructure for the cryptocurrency market to meet the transparency and compliance requirements of institutional investors. Blockworks stated that the framework has been communicated with relevant personnel from the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC). Analysis suggests that this alliance marks the acceleration of the cryptocurrency industry's move towards an "institutionalized information disclosure system," but its ultimate impact still depends on whether the market translates disclosure standards into industry consensus.