Disclosures

Toku is the trade name of WorkCo, Inc., a Delaware corporation, and its affiliates. Toku provides employment, payroll, payment and token grant administration services and software. Toku is not a bank, broker-dealer or investment adviser, and Toku does not provide legal, tax, accounting or investment advice. Toku’s Services are governed by your organization’s agreement with Toku and any terms specific to a Service, and use of this website by our Terms of Service.

• Employer of record (EOR): Toku or a Toku affiliate is the legal employer of the worker in countries Toku supports. The client company directs the worker’s day-to-day work. Hiring, compensation and termination actions must follow the employment contract, the client’s agreement with Toku and local law, including the legal employer’s responsibilities.
• Professional employer organization (PEO): available for eligible US teams with at least five employees, under co-employment subject to state eligibility. Clients arrange benefits through their own broker.
• Agent of record (AoR): Toku contracts with and pays the contractor and invoices the client company.
• Contractor management: the client company is the contracting party and is responsible for classifying and engaging its contractors correctly. Toku provides the tools and pays contractors on the client’s instructions.

Which Service applies to a worker, and in which countries Toku offers it, is set out in the client’s agreement and may change with local law.

• Non-custody: for stablecoin payroll routed through a client’s chosen custody provider, Toku prepares and proposes the payment instructions, the client approves them, and the custody provider executes them. Toku does not hold the client’s private keys or signing authority for those transactions. Toku Card collateral and yield balances are subject to the separate arrangements and rights described in their program terms.
• Not deposits or legal tender: stablecoins are digital assets issued by third parties. They are not bank deposits and are not legal tender in most countries, and holding them does not itself give you FDIC deposit insurance or SIPC protection. Do not assume any government protection applies.
• Risks: the value of a stablecoin can move away from the currency it tracks, and stablecoins carry issuer, reserve, blockchain network, smart contract and regulatory risks. Confirmed blockchain transfers generally cannot be recalled by Toku, and assets sent to a wrong address or network may be lost.
• Local rules: whether wages or contractor fees may be paid in stablecoins, and on what conditions such as worker consent or minimum amounts in local currency, depends on the country. Tax treatment also varies. Toku’s country guides describe these rules in general terms only.
• Screening: Toku screens payout wallet addresses against sanctions lists, including the OFAC SDN list, and holds payments to wallets that match.

The Toku Card is issued by Third National. Toku provides technology services for the Toku Card and is not the issuer, a bank, credit union or money services business, and does not itself extend credit or hold collateral. Eligibility, fees, limits, dispute rights, and the parties’ payment and collateral rights are set out in the card terms for your region, which you accept when you apply. If your card program uses digital-asset collateral, that collateral may be liquidated to meet payment obligations as those terms describe. The card is not available in every country. Read the US card terms and the international card terms.

Yield programs are optional, available only to recipients paid through Toku, and operated by third-party partners. Yield services are provided by Paxos Labs, and stablecoins deposited into yield programs are held by Paxos Labs and are not FDIC insured. Rates are variable and subject to change, yield is not guaranteed, and past performance does not guarantee future results. Funds held in yield-bearing instruments may lose value. Toku is not a bank, broker-dealer or investment adviser. Consult your financial adviser before making decisions based on yield projections. More detail is on our yield page.

Token grant administration does not determine a token’s legal classification and does not guarantee its value. When Toku pays recipients for a third-party program, such as a prop firm’s funded traders, processing the payout does not by itself establish a recipient’s entitlement under that program. The applicable grant or program agreement governs.

• General information only: guides, country pages, glossaries, the regulatory tracker, calculators and other content on toku.com are general information. They may not be complete or current for your situation and are not legal, tax, financial or investment advice. Check the date on each page and confirm decisions with qualified advisers.
• Prices and estimates: prices shown as “from”, and estimates such as payout times, FX savings or costs, are indications. Your quote and your agreement with Toku govern.
• Comparisons and trademarks: comparisons with other providers are based on information available on the date shown and may have changed since. Third-party names, logos and trademarks belong to their owners and do not imply endorsement.
• Customer stories: case studies and testimonials describe individual customers’ experiences. Your results may differ.

Questions about these disclosures can be sent to support@toku.com. Our Privacy Policy explains how we handle personal information, and our Trust Center describes our security controls.