We are excited to officially unveil Toku and announce our $20m in funding from a consortium led by Blockchain Capital LLC, Protocol Labs, Orange DAO, gmjp, Orrick, Herrington & Sutcliffe LLP, Reverie, Quantstamp, Inc., and Next Web Capital. Our vision is to make it simple for organizations, from traditional companies to DAOs, to compensate their employees and contractors with tokens in 100% tax compliance, globally. 🌍 This investment will accelerate our global expansion and scale our platform to support the entire crypto ecosystem and get us closer to making token compensation mainstream! Learn more about the origin of Toku👇 https://lnkd.in/eKzdY9BJ Since the beginning, we have been building a world-class team and we brought on board stakeholders who share our vision of the future and understand the problem from different perspectives. 👇 We are proud to have Michael Maxwell Carter, Walter Kortschak, and Josh Buckley on our board. Our angel investors include Juan Benet, Nikil Viswanathan, Joseph Lau, Cameron Winklevoss, Tyler Winklevoss, Justin Waldron, Peter Bell, Matt Ocko, Harry Stebbings, Cameron Teitelman, Tashi Nakanishi, Batara Eto, Marshall Sandman, Paul Veradittakit, Griffin Johnson, Joi Ito, TJ Kawamura, Eiji Araki, Lee Wittlinger, Jesse C., Ryan Berkun. Companies all have different use cases for their tokens, but one thing they all have in common is that they are used to compensate people. We realized the hardest part isn’t the tokenomics or the software. It’s how to follow the law - especially around token compensation. There are clear laws and regulations around how people get employed and compensated that have been around for hundreds of years. These laws aren’t going away, and organizations need to follow them for the industry to grow. We are privileged to support leading organizations in the space Aragon, Astar Foundation, Filecoin Foundation, Gitcoin, Hedera, Protocol Labs, Teller Inc, Safe, Storyverse, and many more. We look forward to making our token compensation and tax compliance solutions mainstream. Explore our solutions and reach out to learn more! www.toku.com
About us
Toku is the first comprehensive, global solution for token compensation & tax compliance. Toku’s comprehensive 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). Amidst an environment of increasing regulatory scrutiny in web3, Toku provides their customers peace of mind with 100% tax compliance on all token-based compensation in over 100 countries globally.
- Website
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http://www.toku.com
External link for Toku
- Industry
- Blockchain Services
- Company size
- 11-50 employees
- Headquarters
- New York
- Type
- Privately Held
Locations
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Primary
New York, US
Employees at Toku
Updates
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Toku is hiring a General Counsel! Toku is a leading global solution for token compensation and tax compliance in the blockchain/crypto industry. It partners with best-in-class law firms like Cooley, Orrick, Goodwin, and Fenwick to implement implements solutions for complex corporate, legal, regulatory, financial, and tax issues, ensuring faster launches and 10x better tax outcomes for its clients. Toku’s General Counsel will work closely with the cofounders and CEO to become one of the most critical infrastructure providers for the crypto industry that enables tokens to be seamlessly integrated into everyday compensation. Learn more about the role here: https://lnkd.in/davvg5zw
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Toku teams up with Safe to simplify the way projects launch tokens and handle taxes, making it easier and more secure for founders and early team members. Learn more about how this integration is transforming the process of token grants and ensuring compliance 👇 https://lnkd.in/dfi8yAFh
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Launching a token? Worried about the IRS? Come listen to our webinar next week on April 30th with Teknos Associates and Orrick, Herrington & Sutcliffe LLP to hear about the top 5 pitfalls in token valuation and token distributions. Talk to Toku for 5 minutes to learn how to save hundreds of thousands of dollars for you, your team, and investors.
Are you planning a token launch? Be sure to catch our upcoming webinar! We'll be sharing tips and tricks, as well as common pitfalls to avoid during token launches and issuances. On April 30th, hear from the industry experts at Toku, Teknos Associates, and Orrick, Herrington & Sutcliffe LLP as they'll cover key aspects such as valuation, regulatory laws, and compensation considerations for a successful token launch. Reserve your spot today! 🗣️ Webinar Topic: Top 5 Pitfalls in Token Valuation and Distribution 📅 Date: April 30th at 3:00 PM EST / 12:00 PM PST 🔗 Secure Your Spot: https://lnkd.in/gX_5r7Ce
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Are you planning a token launch? Be sure to catch our upcoming webinar! We'll be sharing tips and tricks, as well as common pitfalls to avoid during token launches and issuances. On April 30th, hear from the industry experts at Toku, Teknos Associates, and Orrick, Herrington & Sutcliffe LLP as they'll cover key aspects such as valuation, regulatory laws, and compensation considerations for a successful token launch. Reserve your spot today! 🗣️ Webinar Topic: Top 5 Pitfalls in Token Valuation and Distribution 📅 Date: April 30th at 3:00 PM EST / 12:00 PM PST 🔗 Secure Your Spot: https://lnkd.in/gX_5r7Ce
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Discover how Toku helped Elliptic Research, to tackle big challenges and set up a solid global employment and benefits system. Curious about their challenges? Eager to learn how Toku’s high-touch support played a crucial role in their success? Dive into the full case study to learn more. 👇 https://lnkd.in/dwcMs9gq
Enhancing Global Workforce Benefits with High-Touch Support
toku.com
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Unsure if you need to pay taxes on the Crypto Points you're earning? It's a complex issue that depends on various factors, including how you're earning these points and how you use them. Don't leave it to chance! Read this expert insights to understand how crypto points are taxed, and make sure you're compliant with all regulations. Click here to read more and stay informed! 👇 https://lnkd.in/dnC83iak
Do you need to pay taxes on Crypto Points you earn?
toku.com
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Are you launching a token? Toku ensures you don’t get screwed by complex legal and tax nightmares. Read our Token Compensation Primer to learn more about what kind of token incentive plan and grants you should have for your team. Toku offers battle-tested solutions to optimize your token launch and token plan, ensuring founders, teams, and investors achieve the most tax-efficient outcomes today and in the future. Save hundreds of thousands of dollars on legal fees and stop overpaying taxes. Learn more by reading our Token Compensation Primer: https://lnkd.in/diJCxhxG Talk to Toku at team@toku.com.
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Token option agreements can cause tax trouble in the U.S., leaving workers with a hefty bill for assets they can't sell. Read more for a deeper understanding of this complex issue and to avoid potential pitfalls 👇 https://lnkd.in/dchGYBSB
Why can token option agreements be problematic under US law?
toku.com
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Token Appreciation Rights (TARs) offer payouts based on a token's value increase over time. TARs are typically used when a token distributor does not want to provide a direct interest in the tokens, which could be for legal or practical reasons. Read more to see if TARs would be a better fit for your company. Click the link to learn more about simplifying TARs with Toku's guidance.👇 https://lnkd.in/dZQiVGNW
What are Token Appreciation Rights Agreements (TARs)?
toku.com