Today, the XRP Ledger Foundation launches the initial phase of the Token Assessment Framework, a framework to help provide transparency for investors in an XRP Ledger ecosystem with an increasing amount of issued tokens.
The framework is established in collaboration with Grant Thornton Baltic, and this first phase includes a self-assessment questionnaire for token issuers, guiding the issuer through a list of questions to both provide transparency for investors, and help improve self-regulation and trust.
All self-assessments are made publicly available, in a common format, from which individual investors can do their own research and make personal quality assessments. And as each response are signed by the issuer, investors can verify that the self-assessment is actually submitted by the issuer.
Future phases of the framework will include an option for token issuers to complete a validation and verification process with a third party auditor, based on which the Foundation will advise on listing by exchanges, wallets and other virtual asset service providers.