Today, Blockworks introduces RapidFile, a filing platform that drafts Token Transparency Framework (TTF) filings from a token issuer’s own source materials.

Teams upload incorporation documents, token allocation schedules, and relevant links. Our proprietary AI drafts answers across the full filing, flags each gap before submission, and cuts a three-week process down to minutes.

On August 18, the SEC proposed Regulation Crypto Assets, the first registration exemption framework built specifically for crypto. Its exemptions are conditioned disclosures detailing: who is behind a project, how the network is governed, how the token supply is allocated, the project's development plans, and its risk factors.

While the proposal moves through the rulemaking process, TTF gives issuers a classification-agnostic way to start building trust through disclosures today.

This is where RapidFile comes in.

RapidFile gives token issuers time back while also protecting something even more important.

If preparing a filing requires bespoke work at large-firm rates, small and mid-cap token issuers get priced out of transparency itself. Opacity in crypto deepens, and the defining advantages of token capital markets erode (i.e. inexpensive capital formation, low-cost launches).

The Token Transparency Framework (TTF) addresses the need for offchain disclosure standards, the 70+ member Transparency Alliance established it as the industry standard, and RapidFile accelerates its scaling.

Disclosing is how trust was built in traditional capital markets. To bring that same trust onchain, we must make disclosing accessible.

File free today at ir.blockworks.com/disclosures 

The Token Transparency Framework

In June 2025, Blockworks launched the Token Transparency Framework, the first open-source disclosure framework for digital assets. The TTF gave every token issuer a standardized way to put material information on the record, and Blockworks met with the SEC and the CFTC to discuss the framework as recently as July 2026.

Two filing types live under the TTF today. The B-1 is a one-time filing around token generation events, best understood as the S-1 of digital assets. The B-2 is a continuously updated filing for mature token issuers. Both are classification-agnostic and do not predetermine legal classification under any specific regime.

Each filing is assessed for completeness, not quality. A "Complete" label indicates a token issuer has fully disclosed all requested information; a "Partial" label displays exactly which items remain. Since launch, 84 disclosures have been put on the record, including 64 filed directly by issuers such as Jito, Aerodrome, Morpho, dYdX, Jupiter, Curve, Maple Finance, and ZKsync. Blockworks has completed the remaining 20. Now, we’re expanding that approach: every token will have a filing, whether or not its issuer chooses to participate.

The framework is backed by the Transparency Alliance, which today counts more than 70 members spanning every major layer of token capital markets: exchanges, custodians, asset managers, market makers, venture funds, launch platforms, and protocols, collectively representing over $400 billion in market capitalization. Members like Coinbase, Binance.US, Kraken, Grayscale, VanEck, and GSR have committed to using TTF filings as a core input in their diligence processes.

By the end of 2026, we aim to have more than 200 token issuers with public disclosures.

Why RapidFile

The filing process itself was the bottleneck. Multi-week timelines, cross-functional dependencies, email-based review cycles, and no way to save progress meant that many teams who wanted to disclose never finished. RapidFile removes that friction end to end.

Passive "radical transparency of the ledger" is a myth without an offchain disclosure layer. A blockchain may show that fifty million tokens moved from a wallet attributed to an originator, but only the originator, or another competent source, can establish why the transfer occurred, under what agreement, and for what purpose. RapidFile permits filers to answer these questions with ease.

A filer uploads their source materials, incorporation documents, token allocation schedules, and relevant links, and RapidFile's AI drafts initial answers across the entire filing from that repository. As each question is completed, AI review provides immediate feedback on the completeness of the response, so teams know exactly where the gaps are before they submit.

Review then happens where the work happens. Reviewers deliver per-question feedback in-app and filers revise and resubmit. Teams can invite collaborators across legal, finance, and operations, save a draft and return days later, and download a formatted PDF at any stage for counsel's review.

RapidFile keeps transparency accessible to every originator, not just the best-capitalized ones.

What Comes Next

There is a pattern in financial markets that repeats itself: markets innovate, industries establish standards, and governments later formalize some of those practices through regulation. The rules were just proposed.

The TTF is a classification-agnostic way to start disclosing today.

RapidFile allows anyone to build years of trust in minutes.

File free at → ir.blockworks.com/disclosures