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Toku, a leading platform in global compliance for token payments, has announced a significant breakthrough: the ability to disburse salaries in stablecoin directly on the Polygon network.
This innovation allows companies in over 100 countries to pay thousands of employees and contractors instantly, compliantly, and transparently, leveraging the power of the blockchain.
The platform, which already processes over $1 billion annually in tokenized payments, natively integrates with leading human resources and payroll management systems, including ADP, Workday, UKG, and any payroll provider.
Additionally, Toku offers solutions for contract management, EOR (Employer of Record) infrastructure, and global compliance, thus meeting the growing demand for secure and efficient digital payments.
Summary
Polygon: the blockchain at the service of businesses
The integration with Polygon represents a crucial step forward for the real adoption of stablecoins in daily business operations. Polygon, in fact, handles nearly half of all USDC transfers in the United States within the range of 100 to 1,000 dollars, establishing itself as a key infrastructure for digital payments.
Thanks to this collaboration, companies can now leverage the speed, transparency, and cost efficiency offered by blockchain, without sacrificing the reliability of traditional systems. Payments occur in real-time, with fees lower than a cent and full regulatory compliance in over 100 jurisdictions.
Global Payments, Local Compliance
One of the most innovative aspects of Toku’s solution is the ability to manage all employer responsibilities, from contract drafting to onboarding, from benefits administration to tax withholding and regulatory compliance.
This means that companies can pay their employees in USDC on Polygon without having to establish local entities in various countries, entrusting Toku with the complete management of compliance.
Every salary in stablecoin complies with the labor laws of the worker’s country of residence, ensuring security for both the company and the employee. Additionally, the platform seamlessly integrates with existing HR systems, such as ADP, Workday, and Gusto, eliminating the need to modify internal processes.
Stablecoin Takes Over Payroll: The Numbers Behind a Revolution
According to a recent compensation survey conducted by Pantera, over 90% of companies operating in the digital sector now use stablecoins for payments to their collaborators. This trend is driven by the pursuit of efficiency, speed, and global reach, elements that traditional solutions struggle to guarantee.
The ability to make instant, transparent, and low-cost payments is becoming a necessity for businesses operating on an international scale. The partnership between Toku and Polygon addresses this need, offering a concrete and already operational solution for managing payroll in stablecoin.
Tangible Benefits for Companies and Workers
The traditional system of international payments often involves waiting times of several days, high costs, and complex compliance management. With the solution proposed by Toku on Polygon, however, employees receive payments immediately, with significant savings compared to international wire transfers.
Toku handles all regulatory aspects, from tax filing to labor law compliance, ensuring maximum peace of mind for both companies and workers. The integration with existing HR systems also ensures a seamless transition, without the need to change platforms or processes.
A Growing Ecosystem: Polygon Confirms Its Leadership in Digital Payments
The collaboration between Toku and Polygon further strengthens Polygon’s position as the go-to blockchain for payment infrastructures. The network already hosts numerous payment-dedicated applications, including stablecoin issuers, payment processors, and financial institutions building innovative solutions on its infrastructure.
According to Aishwary Gupta, Global Head of Payments & Real World Assets at Polygon Labs, “Polygon offers the scalability and cost efficiency that blockchain needs to serve enterprise-scale operations. Toku brings the compliance infrastructure and payroll management expertise that transform this technology into a practical solution for today’s businesses.”
The Future of Payments Lies in Blockchain
The integration between Toku and Polygon represents not only an immediate advantage in terms of cost and speed but also signals a broader shift towards “onchain” management of business operations.
With more companies adopting blockchain infrastructures for core functions, the benefits of a unified settlement platform extend throughout the entire ecosystem.
Ken O’Friel, CEO of Toku, emphasizes: “Payroll management is one of the most universal use cases for digital money. By enabling stablecoin payments on Polygon, we demonstrate how blockchain is solving real problems for businesses today. It’s about making global payments fully compliant, instantaneous, transparent, and much more cost-effective.”
Toku and Polygon: A Strategic Partnership for the New Digital Economy
The synergy between Toku and Polygon marks a pivotal milestone in the evolution of digital payments. By combining Toku’s robust compliance with Polygon’s scalability and efficiency, companies can finally manage global payrolls in a simple, secure, and compliant manner, paving the way for a new era in corporate finance.