PDAX, the leading regulated crypto exchange in the Philippines, today announced a partnership with Toku, a leader in compliant token and stablecoin compensation. Together, they are enabling remote employees and contractors in the Philippines to receive their pay in stablecoins, with seamless conversion to PHP and payout to any local bank account or mobile wallet.
The partnership combines Toku’s token-native global payroll infrastructure with PDAX’s compliant cashout rails, making it faster and easier for crypto-native companies to pay contributors in the Philippines. Teams using Toku can now offer stablecoin payouts through their existing payroll flows and give contributors the flexibility to cash out locally, without international wire fees or delays.
“Crypto companies already hold stablecoins on their balance sheets,” said Ken O’Friel, CEO of Toku. “Now they can use those same assets to pay contributors in the Philippines. Our partnership with PDAX makes stablecoin payroll local and seamless.”
“We’re excited to work with Toku to help bring stablecoin payroll to the Philippines,” said Nichel Gaba, CEO of PDAX. “This helps open up better, faster financial access for Filipino professionals working with global companies.”
The integrated solution offers:
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Source: Businesswire
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