Toku
Toku is a Delaware-incorporated stablecoin-native global payroll and Employer of Record platform operating in 100+ countries, serving crypto-native, Web3, AI-native, and DAO organizations with self-custodial wallets, Visa card issuance, yield on float, and an HRIS-integrated headless payroll API.
- Company typePrivate
- Founded2020
- HeadquartersWilmington, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Toku does
Toku (legal entity: WorkCo, Inc.) is a Delaware-incorporated, privately held company operationally headquartered in New York that operates a stablecoin-native global payroll and Employer of Record (EOR) platform spanning 100+ countries. Its core offering combines a global payroll engine, EOR and Agent of Record services, and stablecoin settlement rails — supported by Privy-powered self-custodial wallets, Visa card issuance accepted at 150M+ merchants, yield-bearing payroll float (via Paxos Labs Amplify and WisdomTree WTGXX), and a headless Stablecoin Payroll API that integrates with 12+ HRIS and payroll systems (ADP, Workday, Gusto, Rippling, Paychex, BambooHR, QuickBooks, NetSuite, Xero, Ramp, UKG, Ripple/XRPL). Customers are primarily crypto-native, Web3, AI-native, and DAO/protocol organizations (named case studies include Protocol Labs, ZKsync, Sanctum, Gnosis, Astar Network, OpenSea Foundation, Everyrealm, Lagrange, and Reppo), with named regional offices in San Francisco, Tokyo, London, Singapore, Dubai, Sydney, São Paulo, Cape Town, and Paris.
The platform processes over $1 billion in annual token payroll volume and is differentiated by employment-grade compliance controls — per-cycle sanctions screening, destination wallet governance, payroll-register approval gating, audit-ready reconciliation, and jurisdiction-aware tax withholding across 100+ jurisdictions — and by being first to combine Aleo zero-knowledge privacy with Paxos Labs' USAD stablecoin for private stablecoin payroll. Revenue derives from per-employee subscription fees for EOR/Global Payroll and Agent of Record services, a transparent ~25 basis point conversion fee on stablecoin-to-fiat off-ramp, API/embedded licensing with programmatic revenue-sharing (e.g., Paxos Labs Amplify), and an affiliate program offering up to 40% commission on referred licenses. Toku sells primarily through a sales-led motion with 'Book a Demo' CTAs, demo-led pricing, and white-glove onboarding, supplemented by an API-first self-serve embed channel for HRIS platforms, a partner/affiliate program, and direct e-commerce flows on toku.com. The company is venture-backed, having raised $20 million in March 2023 led by Blockchain Capital and Protocol Labs, and has accelerated product launches and partnerships throughout 2025 and early 2026 (Lagrange, UR, PDAX, Aleo, Sei Network, Plume/WisdomTree, Paxos Labs Amplify).
Toku firmographics
Firmographics- Name
- Toku
- Legal name
- WorkCo, Inc.
- Website
- https://toku.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Toku is a Delaware-incorporated stablecoin-native global payroll and Employer of Record platform operating in 100+ countries, serving crypto-native, Web3, AI-native, and DAO organizations with self-custodial wallets, Visa card issuance, yield on float, and an HRIS-integrated headless payroll API.
- Ownership category
- akta.pro rank
Toku industry classification
Industry- Product category
- Global Payroll & Employer of Record Software
- NAICS
- Payroll Services (541214), Professional Employer Organizations (561330)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB)
- akta.pro secondary industries
- Payroll & Contractor Payments (Crypto) (FSADAIAH), Global Payroll & Multi-Country Payroll Management (BPACAHAC), Embedded Payroll, Earned Wage Access & Benefits Finance (FSAGALAI)
Keywords
Where Toku is headquartered
LocationHeadquarters
- HQ city
- Wilmington
- HQ country
- United States
- HQ region
- North America
Offices11 records
Markets served
Toku business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Subscription (EOR / Global Payroll): Per-employee recurring fees for Employer of Record, Global Payroll, and Agent of Record services in 100+ countries. Pricing is demo-led (not publicly listed per seat).
- Stablecoin Off-Ramp / Settlement Fees: Transparent conversion fee on stablecoin-to-fiat off-ramp, reported at approximately 25 basis points (0.25%) over mid-market rate; same-day settlement to local bank or wallet.
- API / Embedded Platform Licensing: Headless payroll API enables platforms to embed global disbursement, yield on float, and card issuance; revenue via partner integration and revenue-share models (e.g., Paxos Labs Amplify programmatic revenue-sharing).
- Affiliate / Referral Program: Affiliate program offers up to 40% commission on every referred license; referred customers receive a 10% discount on core offerings up to $5,000.
- Token Grant Administration: Token Grant Administration (TGA) product handles grants, cap tables, and payroll globally, including tokenized equities/RSUs and vesting. PEO and Token Grant Administration listed as 'Coming Soon' as standalone offerings.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| — | — | EOR / Global Payroll — quote-based subscription, not publicly listed |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels9 records
Toku product offering
Product offeringCore offering
Toku provides a global Employer of Record, Agent of Record, and Global Payroll platform that pays employees and contractors in 100+ countries using stablecoins on blockchain rails. Its core stack includes compliance-grade payroll processing, jurisdiction-aware tax withholding, token grant administration, and a Stablecoin Payroll API that other platforms embed to enable digital-asset disbursement, yield on payroll float, and Visa card spending.
Product overview
Toku is the end-to-end payroll and employment infrastructure for the stablecoin economy — a unified platform-plus-modules architecture that combines a global Employer of Record, Agent of Record, Global Payroll engine, and Stablecoin Payroll stack across 100+ countries. At its core sits Toku Global Payroll and the Toku Stablecoin Payroll rail, which can be accessed either as managed services (Toku Employer of Record, Toku Agent of Record, and forthcoming Toku PEO and Toku Contractor offerings) or as a headless Stablecoin Payroll API that layers onto customers' existing HR/payroll stacks (ADP, Workday, Paychex, QuickBooks, Gusto, Rippling, BambooHR, NetSuite, Xero, Ramp). Built around this core are modules for Token Grant Administration (TGA), Tokenized Equity, Instant Settlement, the Visa-backed Card, and Yield on payroll float. The offering also targets AI-native teams, with dedicated AI-agent hiring workflows and an AI-driven payroll integration with Lagrange.
Differentiator
Problem solved
Functional benefit
Products and services
- Toku Employer of Record (EOR) Enables companies to hire compliantly in 100+ countries without registering a local entity, handling contracts, benefits, onboarding, jurisdiction-aware withholding, labor-law compliance, and reporting.
- Toku Agent of Record (AOR) Onboards, pays, and manages global contractors with built-in compliance and zero transfer fees.
- Toku Global Payroll Pays teams in 100+ countries with built-in compliance, tax automation, and stablecoin settlement rails for multi-country payroll at scale.
- Toku Stablecoin Payroll Stablecoin-native payroll rail where pre-funded payroll capital earns yield until disbursement, employees are paid instantly on stablecoin rails, and recipients spend with a Visa card accepted at 150M+ merchants.
- Stablecoin Payroll API Headless API that lets companies embed global disbursement, yield on float, and card issuance into their own platforms via a single integration; connects to ADP, Workday, Paychex, QuickBooks, Gusto, and Rippling.
- Toku Token Grant Administration (TGA) Handles token grants, cap tables, vesting schedules, and global payroll for token-based compensation across jurisdictions.
Quantifiable outcome
- 87% lower costs vs traditional banking for Everyrealm (across 20+ countries)
- +7 more outcomes
Companies that use Toku
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles5 records
Toku technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration18 records
AI capability4 records
Feature10 records
Toku partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered flagship and core.
- AleoflagshipCo-developed the first fully private stablecoin payroll solution combining Aleo's zero-knowledge technology with Toku's compliant payroll platform and Paxos Labs' USAD stablecoin. Rollout to select Toku enterprise clients in Q1 2026 with full availability expected by mid-2026. Aleo is also listed as a 'Trusted by' partner on Toku's homepage and as an early adopter of Paxos Labs' Amplify platform.
- Paxos Labs (Amplify)flagshipIntegration of Paxos Labs' Amplify yield platform into Toku's payroll lets employees earn yield on stablecoin salaries (USDC, USDT, USDG) as soon as paid, without surrendering custody or moving funds off-platform. Includes a programmatic revenue-sharing model distributing a portion of underlying revenue back to integration partners.
- PDAX (Philippine Digital Asset Exchange)flagshipPartnership enables remote workers and contractors in the Philippines to receive salaries in stablecoins, with PDAX converting stablecoins into pesos for local bank accounts or e-wallets (GCash, GrabPay). Provides compliant cash-out rails and eliminates international wire transfer fees and settlement delays.
- URcoreLaunched a system allowing employees worldwide to receive payroll in stablecoins directly into regulated bank accounts with IBAN access and a Mastercard, enabling seamless digital-to-fiat transactions via SEPA/SWIFT.
- Lagrange (Lagrange Union)flagshipPartnership blends AI, cryptographic proofs, and stablecoins into global payroll systems. Aims to create autonomous, compliant payroll processes that leverage verifiable AI decisions, targeting large enterprises including Fortune 500 companies.
- Sei Network (Sei Development Foundation)coreNative integration of Sei Network into Toku's API-based payroll management system, enabling instant payment/settlement of employee payroll and corporate remittances using USDC stablecoins. Sei Development Foundation already uses the system for payroll, vendor remittances, and token distribution.
- PrivycorePowers Toku's self-custodial wallet feature, allowing employees to withdraw principal and earned yield at any time with no lockup periods while remaining in control of funds.
- PlumecoreLaunched the first payroll pilot involving tokenized real-world assets, using shares of WisdomTree's tokenized money market fund (WTGXX) in collaboration with Toku. Allows employees to receive part of salary in fund shares that earn yield from the day of payment.
- WisdomTree (WTGXX)coreProvides the WTGXX tokenized money market fund used in the Plume x Toku payroll pilot, allowing employees to receive part of salary in fund shares earning yield from the day of payment.
- ADPflagshipStablecoin Payroll API integration with ADP enables stablecoin payouts while keeping ADP as the system of record. Detailed docs at docs.toku.com.
- WorkdayflagshipAdds compliant stablecoin payroll on top of Workday via API; employers using Workday can enable the feature through Toku's existing API without workflow changes.
- GustoflagshipEnables stablecoin payouts alongside Gusto as the system of record; developers can integrate via Toku's API documentation.
- UKGcoreEmployers using UKG can enable the Amplify yield feature through Toku's existing API without workflow changes.
- PaychexcoreStablecoin Payroll API integration supporting stablecoin wages with built-in reporting and tax automation alongside Paychex.
- QuickbookscoreStablecoin Payroll API integration to streamline accounting and stablecoin payroll in one flow.
- RipplingcoreBrings stablecoin capability to Rippling HR and finance systems; Rippling listed as a documented HRIS integration.
- BambooHRcoreToku integrates with BambooHR and supports USDC payroll disbursements, keeping BambooHR as the HR source of record.
Scale indicators12 records
Recent moves8 records
Expansion highlights7 records
Toku competitors and assessment
Company assessmentDirect peers
- Rippling: Unified HR, payroll, IT, and finance platform with global EOR capability. Toku integrates with Rippling as a stablecoin rail and competes for the same mid-market and enterprise buyers seeking global payroll.
- Multiplier: Global EOR, contractor management, and international payroll platform. Competes with Toku on cross-border hiring without local entities across mid-market and SMB segments.
- Papaya Global: Global payroll and EOR platform serving enterprise clients across 100+ countries with multi-country payroll automation. Comparable on enterprise-grade compliance depth and global payroll coverage.
- Remote: Global EOR and contractor management platform covering 80+ countries with owned entities. Directly comparable on EOR coverage, multi-country payroll, and enterprise buyer motion that Toku targets.
- Bitwage: Crypto-native payroll and contractor payment service paying employees in bitcoin and stablecoins. The most direct crypto-payroll peer to Toku's stablecoin stack and a likely head-to-head competitor for Web3-native customers.
- Globalization Partners: Established global EOR platform with owned entities in 100+ countries. Comparable on enterprise compliance, multi-country payroll, and HRIS integration breadth.
- Gusto: US-centric payroll, benefits, and HR platform expanding into global payroll. Toku integrates with Gusto via the Stablecoin Payroll API and is positioned against Gusto's emerging global offering in Toku's competitive content.
- Deel: Global Employer of Record and payroll platform operating across 150+ countries with its own stablecoin/crypto payroll offering. Closest direct competitor to Toku's EOR and global payroll stack and the most benchmarked competitor on Toku's own comparison pages.
Broad incumbents
- Workday: Enterprise HR and payroll SaaS platform with global HRIS footprint. Toku layers its stablecoin rail on top of Workday as a documented integration and competes for adjacent enterprise compensation workflows.
- ADP: Largest incumbent payroll and HR services provider with global coverage and a deep enterprise installed base. Toku integrates with ADP via its Stablecoin Payroll API and competes for enterprise payroll modernization budgets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Toku social profiles
Digital presenceToku financial estimates
Financial estimateRevenue estimate
Valuation estimate
Toku leadership team
Management profileNumber of profiles
Profiles3 records
Toku funding detail
Funding detailFunding overview
Funding rounds5 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Toku M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Toku
What does Toku do?
Toku provides a global Employer of Record, Agent of Record, and Global Payroll platform that pays employees and contractors in 100+ countries using stablecoins on blockchain rails. Its core stack includes compliance-grade payroll processing, jurisdiction-aware tax withholding, token grant administration, and a Stablecoin Payroll API that other platforms embed to enable digital-asset disbursement, yield on payroll float, and Visa card spending.
Is Toku a public or private company?
Toku is a private company. It is classified as venture growth investor backed and is currently operating.
When was Toku founded?
Toku was founded in 2020. It employs 11 to 50 people.
Where is Toku based?
Toku is headquartered in Wilmington, United States, in the North America region.
How does Toku make money?
Five revenue lines are on record. Subscription (EOR / Global Payroll) is the primary driver. The others are stablecoin Off-Ramp / Settlement Fees, API / Embedded Platform Licensing, affiliate / Referral Program and token Grant Administration.
Who are Toku's main competitors?
Direct peers on record are Rippling, Multiplier, Papaya Global, Remote, Bitwage, Globalization Partners, Gusto and Deel. Broad incumbents are Workday and ADP.
Does Toku have an API?
Yes. Toku offers a headless stablecoin payroll API that lets companies embed global disbursement, yield on float, and card issuance directly into their own platforms. The API enables enablement of stablecoin payroll with one integration, connecting employers to payroll systems such as ADP, Workday, Paychex, QuickBooks, Gusto, and Rippling. Toku remains the system of record for gross-to-net while the API handles stablecoin settlement downstream of payroll approval. API documentation is published at docs.toku.com/integration-guide/overview. Developer documentation is at docs.toku.com/integration-guide/overview.
What industry is Toku in?
Toku's product category is Global Payroll & Employer of Record Software. Its primary akta.pro industry code is BPACAIAB, Payroll Software & Payroll-as-a-Service (SaaS), with a secondary code of FSADAIAH, Payroll & Contractor Payments (Crypto). Its NAICS code is 541214 and its SIC code is 6199.