Blockworks launched the B-2 Token Transparency Framework, a new disclosure standard requiring mature protocols to surface offchain financials, token-secured loans, marketing agreements, and whether growth is organic or purchased. The B-2 replaces the original Token Transparency Framework from 2025, with 15 protocols including Morpho, Jito, Aerodrome, dYdX, and Cow Protocol already filing.
What the B-2 Token Transparency Framework reveals
The B-2 framework doesn’t care if a token is a security or a commodity; it’s all about making sure everyone plays by the same rules when it comes to sharing info. For the first time, token capital markets actually get a look at things like offchain income, loans backed by tokens that haven’t even been issued yet, and what’s really going on with those Key Opinion Leader (KOL) marketing deals.
Plus, it forces protocols to be honest about whether their growth is the real deal or just something they paid for, which is huge for anyone trying to figure out if a project actually has legs. This new standard is replacing the old 2025 version, so anything still using the old format is officially retired.
Why this matters
Before this, tokenholders, exchanges, and funds had to scramble to find info from scattered, incomplete sources, and half the time it wasn’t even complete. Foundations and Development and Cooperations (DevCos) teams were making deals in secret, loans backed by unissued tokens were totally off the radar, and nobody knew how much was being spent on KOL marketing.
The B-2 flips the script by making everyone use the same disclosure format so the market actually knows what’s going on. Every filing covers the basics like token and entity structures, plus the financial nitty-gritty. Blockworks then gives out a Disclosure Score (“Complete” or “Partial” with a gap count) so users can see exactly how transparent a project is.
What’s next for the framework
The B-2 is built for established projects that have already launched, while the B-1 is still there as a one-off disclosure for earlier-stage projects. Blockworks is calling on mature protocols to finish up their B-2 filings and join the growing list of teams bringing more trust to the onchain world.
Basically, this framework tackles a big issue in crypto: the lack of a standard for sharing info. Strong teams deserve to stand out from the ones hiding details, and this new filing gives credible projects a way to prove their legitimacy while getting more eyes on them across the Blockworks network.
