Toku Expands Stablecoin Payments on Polygon to 100+ Countries, Processing More Than $1 Billion in Annual Volume

New York, NY / January 16, 2025 — Toku, the global compliance platform processing more than $1 billion in token payroll volume, today announced it is enabling instant, compliant stablecoin payroll directly on Polygon - turning one of the world's largest recurring financial flows into a blockchain-native payments use case.

Employers can now run payroll with the same reliability as traditional systems, but with real-time settlement, sub-cent fees, and transparent compliance across 100+ jurisdictions.

The integration marks a significant expansion of real-world stablecoin usage for business-critical operations by bringing Toku's 125+ enterprise customers and global presence to Polygon's infrastructure - a network that handles nearly half of all USDC transfers in the $100–$1,000 range in the U.S.

The move underscores Web3 infrastructure's growing role in powering everyday business operations at enterprise scale. Through Toku's partnership with Polygon, employers can now leverage blockchain's speed, transparency, and cost efficiency while Toku continues to manage employment contracts, tax obligations, benefits administration, and regulatory compliance across jurisdictions.

How It Works:

1. Seamless Integration with Existing Payroll – Companies continue using their existing HR and payroll systems, including ADP, Workday, UKG, and Gusto, while Polygon provides the settlement layer behind the scenes via Toku's API.
2. Instant, Compliant Stablecoin Payroll – Employees receive compliant stablecoin payments on Polygon with the same reliability and regulatory protection as traditional payroll. Toku handles automated tax withholding, country-specific reporting, and employment law requirements in each jurisdiction where workers reside.
3. Full EOR Capabilities – Toku can directly employ talent across jurisdictions and deliver compliant stablecoin payroll without requiring companies to open local entities. Toku manages all employer responsibilities end-to-end, including contracts, onboarding, statutory benefits, tax withholding, and regulatory filings, ensuring that USDC paychecks on Polygon meet employment law requirements in the country where each worker resides.

Ken O'Friel, CEO of Toku:

"Payroll represents one of the most universal use cases for digital money. By enabling stablecoin payroll on Polygon, we're demonstrating how blockchain technology solves real business problems today. This is about making fully compliant global payments instant, transparent, and dramatically more cost-effective."

Aishwary Gupta, Global Head of Payments & Real World Assets at Polygon Labs:

"Polygon provides the scalability and cost efficiency that blockchain needs to serve enterprise-scale operations. Toku brings the compliance infrastructure and payroll expertise that transforms this technology into a practical solution for businesses today."

Why This Matters

• Instant settlement: Real-time payroll processing 24/7/365, eliminating banking cut-off times and multi-day delays.
• Dramatically lower costs: Sub-cent transaction fees replace the 6–7% typically charged by banks for international wire transfers.
• Global reach with local compliance: Polygon's network combined with Toku's 100+ country coverage ensures automated tax withholding, employment contracts, and regulatory reporting in each jurisdiction.
• No system disruption: Native integrations with ADP, Workday, UKG, Gusto, and any payroll platform mean finance teams keep using familiar tools.
• Proven at scale: Stablecoins now dominate digital asset compensation, accounting for more than 90% of reported payouts according to a recent compensation survey from Pantera Capital.

The Business Case

Traditional cross-border payroll involves multiple intermediaries, multi-day settlement times, high fees, and complex compliance requirements. Toku's Polygon-powered solution allows employees to receive payments immediately while Toku handles tax reporting, employment law, and regulatory requirements in each jurisdiction - at a significant cost saving compared to international wire transfers.

The integration requires no migration from existing platforms, meaning there's no disruption to current HR systems or processes. Companies simply enable stablecoin payroll through Toku's API while maintaining their existing workflows.

Beyond immediate cost and speed benefits, the integration reflects a broader shift toward onchain business operations. As more companies adopt blockchain infrastructure for core functions, the network effects of sharing a unified settlement layer benefit the entire ecosystem.

The partnership further solidifies Polygon as the blockchain of choice for payments infrastructure, with Toku joining a growing ecosystem of payment-focused applications, including stablecoin issuers, payment processors, and financial institutions building on the network.

Availability

The Toku x Polygon integration is live now for all Toku customers and new enterprises looking to modernize their global payroll infrastructure. Companies can enable stablecoin payroll on Polygon through Toku's platform.

About Polygon Labs

Polygon Labs is a Web3 software company developing Polygon Proof-of-Stake network, the premiere blockchain for payments and RWAs, and Agglayer, a protocol to connect any blockchain or app for a unified cross-chain experience. Polygon PoS is known as the low-cost, high velocity network, with billions secured in stablecoins, supporting a robust payment ecosystem to help grow Agglayer use cases in a unified web3. Research from Polygon Labs has contributed to the development of widely-adopted zero-knowledge technology, with successful independent projects incubated through the Agglayer Breakout Program, such as Katana, Miden, PrivadoID, ZisK and more.

For more information, please visit polygon.technology.

About Toku

Toku connects the world's largest payroll companies, including ADP, UKG, and Workday, to stablecoin rails with their API. Any customers of any payroll company can use Toku to turn on compliant stablecoin payroll with just two clicks. Toku processes more than $1 billion in annual token payroll volume across 100+ countries, providing enterprise-grade compliance infrastructure and EOR capabilities for global workforce management.

Learn more at www.toku.com.

Press contact:

CLPR | polygon@clpr.agency