The Importance of the Token Transparency Framework

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 23 June 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Crypto markets have a lemon problem. Token issuers know way more than token buyers, creating hidden risks and a lack of trust. Today, NLW explores Blockworks' ambitious solution—the Token Transparency Framework. Inspired by traditional securities disclosures, it aims to standardize essential token information like supply schedules and insider deals. Could this new industry-led initiative finally bring transparency and investor confidence to crypto markets, or is it just another well-intentioned effort bound to struggle? Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Grayscale.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ -- ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.4	What's going on, guys? It is Sunday, June 22nd, and that means it's time for Long Read Sunday.
0:24.2	Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,
0:27.8	give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:31.4	come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash
0:35.7	breakdown pod. All right, friends, back with another long reads episode.
0:40.4	And this week is something that I think is very cool.
0:44.6	A couple of weeks ago, I saw Jason Yanowitz, who is of course the co-founder of Blockworks,
0:48.7	tweet about how they were going to release something soon
0:51.3	that about half of people would love and half of people would
0:54.1	absolutely loathe. I was intrigued, but rather than just asking Jason on Slack what it was
0:59.7	that they were building, I thought I would be surprised along with the rest of you. Well, it turns out,
1:05.0	the answer was something called the token transparency framework. On June 18, Yanowitz tweeted,
1:10.7	token markets are broken. We believe
1:12.5	the solution is token disclosures. No one else wanted to build it, so we took it on. It's a massive
1:17.8	endeavor, but one that I genuinely believe will push the industry forward. Stoke to unveil the
1:22.4	token transparency framework are standardized open source disclosure framework. This will go down as our most important
1:28.3	contribution to the industry. So first, let's read a short piece by Byron in the breakdown
1:35.1	newsletter called Crypto Doesn't have to be a market for lemons. It sets a bit of a backdrop on the
1:40.4	whole initiative, turning it over to 11 LabsMe and then I will be back.
1:45.5	In his 1970 paper The Market for Lemons, economist George Ackreloff explained what happens
	...

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