Toku provides a crypto-native platform for global employment, payroll, and token management, enabling startups and tech companies to hire and pay employees and contractors in over 100 countries without the need for local entities. The platform ensures compliance with tax regulations while facilitating payments in fiat, stablecoins, or native tokens, addressing the complexities of decentralized workforce management.
Funding
$20.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Startups and tech companies face complexities in managing global employment, payroll, and token distribution, especially when hiring and paying employees and contractors in multiple countries without establishing local entities. Compliance with varying tax regulations and the need to handle payments in fiat, stablecoins, or native tokens further complicate decentralized workforce management.
Solution
Toku provides a crypto-native platform designed to streamline global employment, payroll, and token management. The platform enables companies to hire and manage employees and contractors in numerous countries without requiring local entities. Toku facilitates payments in fiat, stablecoins, or native tokens while ensuring compliance with tax regulations. It offers a unified solution for managing token grants and token cap tables across the lifecycle, from token generation to distributions, benefiting teams, investors, and the community.
Target Audience
Toku's primary customers are startups and tech companies, particularly those in the crypto space, that require solutions for managing global employment, compensation, and token distribution.
Features
- Global hiring and management of employees and contractors without local entities.
- Flexible payment options including fiat, stablecoins, and native tokens.
- Automated tax withholding compliance for international payroll.
- Management of token grants and token cap tables.
- Support for token launches, including tax-optimized grant structures and compliant filings.
- Integration with existing HR and payroll systems.
- SOC II Type II compliance with continuous encryption and global data protection.