Toku

Toku

Global crypto payroll and tax platform

Overview

Toku offers a global platform for token- and stablecoin-based payroll, employment, and tax compliance built on an crypto-native Employer of Record model. It handles token-based payroll, token grant administration, and tax withholding across 100+ countries, enabling hiring worldwide without establishing local entities. Integration with HR systems like Workday and ADP and a payroll API allows hybrid compensation in fiat, stablecoins, or other tokens. Its goal is to simplify compliant web3 employment by managing payroll, benefits, and tax rules for token compensation and supporting DAOs through WorkDAO.

Significant Headcount Growth

About Toku

Simplify's Rating
Why Toku is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Crypto & Web3

Financial Services

Company Size

51-200

Company Stage

Early VC

Total Funding

$20.3M

Headquarters

New York City, New York

Founded

2020

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Simplify's Take

What believers are saying

  • Paxos Labs' April 2026 yield feature makes payroll balances financially productive for workers.
  • PDAX's November 2025 Philippines partnership expands local cashout rails and contractor access.
  • Toku reported 13% revenue growth in 1H2026, signaling continued commercial traction.

What critics are saying

  • Toku sued Liquifi in December 2024; April 2025 injunction denial weakened its case.
  • MiCA's July 1, 2026 deadline pressures European stablecoin payroll providers immediately.
  • Deel and Liquifi can copy Toku's integrations, commoditizing payroll rails and crushing margins.

What makes Toku unique

  • Toku's June 2026 stablecoin payroll spans 100+ countries with existing ADP and Workday integrations.
  • January 2026 Aleo partnership added fully private, zero-knowledge payroll settlement for enterprises.
  • Toku combines payroll, EOR, tax withholding, and token compensation in one crypto-native stack.

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Funding

Total Funding

$20.3M

Above

Industry Average

Funded Over

2 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Remote Work Options

Flexible Work Hours

Health Insurance

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

6%

2 year growth

7%
Yahoo Finance
Apr 28th, 2026
Paxos Labs' Amplify adds built-in yield to Toku's $1B stablecoin payroll platform

Paxos Labs has integrated its Amplify yield feature into Toku's global stablecoin payroll platform, which processes over $1 billion annually across 100-plus countries. Workers using Toku can now earn yield on USDC, USDT and USDG directly within their payroll wallets without transferring funds or surrendering custody. The integration works through Toku's existing connections with payroll platforms including ADP, Workday, UKG and Gusto, requiring no additional vendor changes for employers. Toku wallets remain self-custodial and are powered by Privy, whilst Paxos Labs' Amplify provides the underlying yield infrastructure. Employees can withdraw principal and earned yield at any time, with participation optional. Paxos Labs co-founder Bhau Kotecha said the feature makes paycheques "productive" whilst maintaining self-custody. Toku CEO Ken O'Friel described it as combining stablecoin payroll speed with yield in a single user experience.

PR Newswire
Mar 31st, 2026
Plume pilots RWA payroll with Toku using WisdomTree's WTGXX, letting employees convert salaries into yield-bearing assets

Plume has launched the first payroll pilot using tokenised real-world assets, enabling employees to receive salaries in yield-bearing fund shares. Developed with payroll provider Toku and using WisdomTree's tokenised money market fund WTGXX, the programme allows Plume employees to elect receiving part of their compensation in regulated fund shares rather than cash. The pilot removes the need for employees to purchase crypto or interact with exchanges, allowing compensation to earn yield immediately upon payment. Plume purchases corresponding fund shares via WisdomTree Connect and delivers them to participating employees' verified wallets linked to their WisdomTree Prime accounts. The programme initially targets Plume employees and aims to demonstrate how tokenised assets can integrate with existing payroll workflows whilst maintaining separation between payroll delivery and investment selection.

Woodburn Independent
Feb 20th, 2026
Toku launches sei-native stablecoin payroll payments.

Toku launches sei-native stablecoin payroll payments. GoBlockchain Thursday, February 19, 2026 at 5:48pm PST NEW YORK, Feb. 12, 2026 /PRNewswire/ - Sei Development Foundation, an independent US non-profit dedicated to the advancement and adoption of open source, permissionless protocols like Sei Network, today announced the native integration of the Sei Network into Toku's proprietary API-based payroll management system. The Sei Network is the fastest EVM Layer-1 blockchain built to support world-scale decentralized applications. The integration will power the instant payment and settlement of employee payroll and corporate remittances on Sei. "Real world adoption of Sei is happening at scale and in real time, and now employees and vendors of companies using Toku can now get paid instantly, anywhere in the world, all on Sei," said Justin Barlow, Executive Director of Sei Development Foundation. "Instant, borderless, onchain payments are accelerating the way businesses operate around the world, and thanks to Toku, a greater amount of that transaction volume will happen on Sei." "The Sei integration is part of Toku's broader initiative to make stablecoin payroll available across leading blockchain ecosystems," said Kenneth O'Friel, Toku CEO and Co-Founder. "By connecting compliant payroll infrastructure with scalable settlement networks, Toku enables enterprises and employees to experience the benefits of digital dollars in everyday income." Toku's API connects employers and leading payroll services providers - like Workday and ADP - enabling them to seamlessly transact using USDC stablecoins. Sei Development Foundation is among the leading employers using the system for payroll, vendor remittances, and token distribution. The Sei Network is a blockchain purpose-built for fast, cheap financial transactions. As of February 11, 2026, Sei has: * Processed more than $3 billion in stablecoin volume over the past 30 days * Experienced among the fastest growth rates of native USDC supply across blockchains, with nearly 100,000 unique holders of USDC onchain * Processed more than five billion transactions to date * Transacted across more than 90 million wallets * More than one million daily active users About Toku Toku is the global platform for token and stablecoin payroll. From employment and payroll to tax and benefits, Toku enables any company to pay their team in any token or stablecoin using their existing payroll systems. Learn more at www.toku.com. Sei is a blockchain designed for fast, cheap financial transactions, combining the network effects of Ethereum with the performance of Solana. Sei has processed more than five billion transactions across more than 90 million wallets and has become the #1 EVM chain by number of active users. The team is backed by top investors such as Multicoin, Jump, Coinbase Ventures, and Circle Ventures - and includes talent from companies like Robinhood, Google, Coinbase, Databricks, Uber, and Goldman Sachs. About Sei Development Foundation Sei Development Foundation is an independent US non-profit dedicated to the advancement and adoption of open source, permissionless protocols like Sei - the fastest EVM Layer 1 blockchain built to support world-scale decentralized applications. Through education, funding, and ecosystem support, the Foundation collaborates with a global community of builders and users to promote and expand the benefits of Sei and related projects. Media Contacts SOURCE Sei Development Foundation This is a paid placement. For further inquiries, please contact GoBlockchain directly.

PR Newswire
Feb 12th, 2026
Toku launches Sei-native stablecoin payroll for instant global employee payments

Toku has integrated the Sei Network into its API-based payroll management system, enabling instant stablecoin payments for employees and corporate remittances. The integration allows companies to pay staff and vendors globally without the delays of traditional bank settlements. Toku's API connects employers and payroll providers like Workday and ADP to transact using USDC stablecoins. The Sei Development Foundation is among the employers using the system for payroll, vendor payments and token distribution. Sei Network is an EVM Layer-1 blockchain that has processed over five billion transactions across 90 million wallets. The integration forms part of Toku's broader initiative to make stablecoin payroll available across leading blockchain ecosystems, connecting compliant payroll infrastructure with scalable settlement networks.

Crypto Reporter
Nov 18th, 2025
Toku and PDAX Partner to Enable Stablecoin Payroll in the Philippines

Toku and PDAX partner to enable stablecoin payroll in the Philippines. Integration enables compliant, stablecoin-based payroll and seamless local cashouts in the Philippines - unlocking faster, more flexible compensation. NEW YORK-(BUSINESS WIRE)-PDAX, the leading regulated crypto exchange in the Philippines, today announced a partnership with Toku, a leader in compliant token and stablecoin compensation. Together, they are enabling remote employees and contractors in the Philippines to receive their pay in stablecoins, with seamless conversion to PHP and payout to any local bank account or mobile wallet. The partnership combines Toku's token-native global payroll infrastructure with PDAX's compliant cashout rails, making it faster and easier for crypto-native companies to pay contributors in the Philippines. Teams using Toku can now offer stablecoin payouts through their existing payroll flows and give contributors the flexibility to cash out locally, without international wire fees or delays. "Crypto companies already hold stablecoins on their balance sheets," said Ken O'Friel, CEO of Toku. "Now they can use those same assets to pay contributors in the Philippines. Our partnership with PDAX makes stablecoin payroll local and seamless." "We're excited to work with Toku to help bring stablecoin payroll to the Philippines," said Nichel Gaba, CEO of PDAX. "This helps open up better, faster financial access for Filipino professionals working with global companies." * Real-time, onchain settlement: Toku routes funds directly to PDAX wallets or external addresses, enabling instant, transparent stablecoin settlement. * Local cashout in the Philippines: PDAX converts stablecoins to PHP and pays out to any local bank or e-wallet like GCash and Grabpay via Instapay or Pesonet - covering nearly all adults in the country. * Flexible conversion flows: With a PDAX account, employers can send stablecoins for conversion to PHP, or fund in PHP and convert to stablecoins like USDC, USDG, or RLUSD - then route to any external wallet or account. This partnership comes as stablecoins become a core treasury asset for global crypto companies, and regulators in markets like the Philippines continue to build clear frameworks for digital assets. About Toku Toku is the global platform for token and stablecoin payroll. From employment and payroll to tax and benefits, Toku enables any company to pay their team in any token or stablecoin using their existing payroll systems. Learn more at www.toku.com. About PDAX PDAX (Philippine Digital Asset Exchange (PDAX), Inc.) is a trusted and regulated Philippine-based financial company that offers a comprehensive product suite, including a cryptocurrency exchange platform (Web and Mobile), crypto-as-a-service, cross-border payments, and tokenized assets, tailored to various customer profiles. As part of the company's commitment in making real world assets accessible, PDAX also offers tokenized security bonds through its wholly-owned securities broker-dealer subsidiary. Press Contacts PDAX: Eula See Assistant Vice President [email protected] Toku: Jeremy Adler Senior Vice President [email protected]

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