2 min

Welcome to Toku

Published on
March 22, 2023

Welcome to Toku!

Toku, the comprehensive and global solution for token payroll and tax compliance, today announced it has raised $20 million from a consortium led by Blockchain Capital with Protocol Labs, GMJP, OrangeDAO, Orrick, Reverie, Quantstamp, Next Web Capital and prominent angel investors including Protocol Labs founder Juan Benet and Alchemy co-founders Nikil Viswanathan and Joe Lau.

Additional investors in the round include, Justin Waldron (Zynga), Peter Bell (Amity), Matt Ocko (DCVC), Cameron and Tyler Winklevoss, Richard Ma (Quantstamp), Lee Wittlinger (Silverlake), Harry Stebbings (20vc), Cameron Teitelman (StartX), Tashi Nakanishi (Dreamers & Hartbeat), Eiji Araki (GREE), Batara Eto (East VC), Joi Ito, Jesse Clayburgh (Protocol Labs), Phil Karl (Protocol Labs), Ryan Berkun (Teller), TJ Kawamura (Everyrealm), Marshall Sandman (Animal Capital), Paul Veradittakit (Pantera).

We’ve been building in stealth over the past year and are excited to finally announce what we’ve been up to! Our suite of services include: Token-based payroll, token-based grant administration, employment and tax compliance, and WorkDAO – a unique set of employment and compensation services tailored for the needs of decentralized autonomous organizations (DAOs).

The meaning behind Toku

We chose the name Toku because obviously we handle legal token compensation — meaning payroll and token grants for workers — but also because we’re from Japan and so our name has a Japanese origin relating back to the very beginning of money and payments for workers.

We look forward to working with you.


Ken O'Friel - CEO & Co-founder, Toku

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