The crypto industry operates on the cutting edge of technology and finance, with its own set of intricacies and regulatory considerations that are completely unique to crypto organizations.
Unlike traditional EOR’s, crypto-native EORs can serve the full needs of crypto organizations as crypto-native EORs are uniquely focused on crypto-related regulations and labor laws.
Why Choose a Crypto-Native EOR?
In the past, organizations would go out and get a traditional EOR, but had to invest time and money to work out self-built solutions for crypto compensation structures that would sometimes not even work.
By partnering with a crypto-native EOR, organizations gain access to an all-in-one solution. Onboarding global crypto talent becomes much easier with an EOR that understands your business.
Navigating Regulatory Complexity
Expanding into new markets involves navigating complex regulatory frameworks, which can be particularly challenging in the crypto industry.
How can organizations expand aggressively if every hire they make is a potential compliance timebomb?
A crypto-native EOR, such as Toku, understands the intricacies of the crypto industry and solves pain points specifically felt by crypto businesses. Crypto-native EOR’s will guide your token compensation models through the ever-changing regulatory frameworks in every country you have employees in, ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations, and manage tax obligations.
Moreover, crypto-native EOR’s have the expertise and experience to handle the different onboarding processes that are unique to crypto, wherever your talent is located.
Access to Global Talent
The success of any organization relies on hiring top talent, and this is equally true for crypto companies.
A crypto-native EOR facilitates access to global talent pools, enabling organizations to tap into local expertise and cultural insights. By leveraging the EOR's network and resources, organizations can build diverse and high-performing teams across different geographies.
Local employees bring invaluable knowledge of the market, enabling effective marketing strategies, relationship building, and minimizing misunderstandings due to cultural differences. With a crypto-native EOR, organizations can attract and retain the best talent, fostering innovation and driving business growth.
Minimizing Operational Burdens
Expanding globally comes with various operational challenges, from managing token payroll to complying with local labor laws.
A crypto-native EOR alleviates these burdens by providing comprehensive support services. They handle tasks such as payroll administration, benefits management, tax compliance, and HR administration, ensuring smooth operations in multiple jurisdictions. By outsourcing these operational responsibilities to a crypto-native EOR, organizations can focus their resources and energy on their core business activities, accelerating growth and maximizing efficiency.
Unlike traditional EOR’s, crypto-native EOR’s enable crypto organizations to scale up their token compensation models across jurisdictions all within one solution.
In the era of increasing regulation, it is more important than ever for crypto organizations to stay compliant as they expand globally; however, the complexities and overhead created by the need to align employees’ incentives to your token can be a massive and unpredictable risk.
Many of the top organizations in the space understand that crypto-native EOR’s are today an indispensable key component of a thriving, international crypto organization.
Make your token compensation simple. Skip out on those sleepless nights by working with Toku today.