Toku
Toku lists Token Grant Administration as a service for grants, vesting, and payroll-aligned reporting.
Confirm the grant-administration scope and price separately from employment and payout services.
Checked · Toku service pricing
Toku vs Magna (now part of Kraken's parent company, Payward)
Magna joined Payward, Kraken's parent company, in February 2026 and continues to operate as a standalone product. Comparing it with Toku? The main difference is what each platform handles. Magna focuses on onchain token vesting and distribution. Toku connects token grant administration to payroll and tax withholding in 100+ countries, independently of any exchange.
Toku
Toku: Token grants connected to payroll
Track who receives tokens, when they vest, and what needs to be withheld in each country. Toku connects grant administration to payroll without taking custody of your tokens or requiring a particular exchange.
Magna
Magna: Onchain vesting and distribution
Manage vesting contracts, claim portals, and token distributions. Magna now operates under Payward and reports serving more than 160 clients, with a peak of $60 billion in tokens locked in 2025.
Check the facts before you choose
The statements below link to provider documentation. Review dates apply to these facts; availability and terms can change.
Magna
Magna documents both recipient-claimed distributions and administrator-sent airdrops or direct transfers.
Gas responsibility differs by distribution method; confirm the funding and claiming workflow for your grants.
Checked · Magna distribution FAQ
What Toku offers
Token grants, tax withholding, and payroll in one workflow
Managing token grants means keeping accurate records and handling the obligations that come with paying people in tokens. Toku connects grant records and vesting schedules to local tax withholding and payroll in 100+ countries.
Token grant records and vesting schedules
Grants and vesting schedules maintained in one connected workflow.
Tax withholding connected to payroll in 100+ countries
Local tax withholding calculated and processed through payroll in 100+ countries.
Non-custodial administration
Toku administers your grants without holding your tokens or private keys.
Freedom to choose your exchange or custodian
Works with your choice of exchange or custodian — no particular venue required.
Key differences
As of September 2026.
Ownership
Toku is an independent company. Magna is owned by Payward, Kraken's parent company.
Core focus
Magna focuses on the infrastructure for onchain vesting and distribution. Toku focuses on grant records, administration, and the tax withholding tied to those grants.
Employment and payroll
Toku connects token grant administration with EOR, AOR, and payroll services for recipients.
Comparison table
As of September 2026.
Magna handles onchain vesting and distribution. Toku handles the payroll and tax withholding that paying employees in tokens creates — in 100+ countries, independent of any exchange.
| Feature | Toku | Magna |
|---|---|---|
| Ownership | Independent company | Part of Payward, Kraken's parent company, since February 2026 |
| Token grant records and vesting schedules | Yes | Yes |
| Onchain distributions | Coordinated through your custody setup; Toku does not hold your tokens | Vesting contracts and claim portals are a core focus |
| Tax withholding on token distributions | Connected to payroll in 100+ countries | Not a payroll product |
| Employment services for token recipients | EOR and AOR services available | No |
| Independent ownership | Independent of exchanges | Owned by Kraken's parent company |
Magna helps teams manage onchain vesting and token distributions at scale. For teams paying employees in tokens, there is also payroll and tax withholding to handle. A grant to an employee in Germany, Japan, or Brazil can carry local obligations that someone needs to calculate, process, and report. Toku connects those responsibilities to the grant records and vesting schedules your team already manages.
Frequently asked questions
Yes. Payward, Kraken's parent company, acquired Magna in February 2026. Magna continues to operate as a standalone product under Payward's ownership.
Magna focuses on onchain vesting and distribution — vesting contracts, claim portals, and token unlocks. Toku is an independent provider that connects token grant administration to payroll and tax withholding in 100+ countries, is non-custodial, and works with your choice of exchange or custodian.
Toku administers distributions non-custodially: it maintains the grant records and vesting schedules while the tokens move through your own custody setup. Toku does not hold your tokens or private keys.
Teams that want grant administration connected to payroll and tax withholding often consider Toku. Toku connects grant records and vesting to tax withholding and payroll in 100+ countries, independently of any exchange.
See Toku in action
Token grant administration, independent of any exchange
Connect token grants, tax withholding, and global payroll with Toku.