Ink Foundation, crypto market maker GSR, and several law firms and audit companies have jointly established the Charter Foundation. The foundation aims to help founders reduce token issuance costs by providing a new legal framework. Charter Foundation noted that traditional token issuance structures typically involve setting up three entities, with costs potentially exceeding $100,000. The new framework will simplify this process, offering projects a dedicated Cayman Islands exempted company as the issuance structure, which will then convert into an independent foundation upon successful issuance.