Toku Launches Sei-Native Stablecoin Payroll Payments
Employees and remittances can now be paid and settled instantly on Sei, avoiding the days-long delays of traditional bank settlement
"Real world adoption of Sei is happening at scale and in real time, and now employees and vendors of companies using Toku can now get paid instantly, anywhere in the world, all on Sei," said
"The Sei integration is part of Toku's broader initiative to make stablecoin payroll available across leading blockchain ecosystems," said
Toku's API connects employers and leading payroll services providers - like Workday and ADP - enabling them to seamlessly transact using USDC stablecoins. Sei Development Foundation is among the leading employers using the system for payroll, vendor remittances, and token distribution.
The Sei Network is a blockchain purpose-built for fast, cheap financial transactions. As of
- Processed more than
$3 billion in stablecoin volume over the past 30 days - Experienced among the fastest growth rates of native USDC supply across blockchains, with nearly 100,000 unique holders of USDC onchain
- Processed more than five billion transactions to date
- Transacted across more than 90 million wallets
- More than one million daily active users
About Toku
Toku is the global platform for token and stablecoin payroll. From employment and payroll to tax and benefits, Toku enables any company to pay their team in any token or stablecoin using their existing payroll systems. Learn more at www.toku.com.
About Sei
Sei is a blockchain designed for fast, cheap financial transactions, combining the network effects of Ethereum with the performance of Solana. Sei has processed more than five billion transactions across more than 90 million wallets and has become the #1 EVM chain by number of active users. The team is backed by top investors such as Multicoin, Jump, Coinbase Ventures, and Circle Ventures – and includes talent from companies like Robinhood, Google, Coinbase, Databricks, Uber, and Goldman Sachs.
To learn more about Sei, visit www.sei.io.
About Sei Development Foundation
Sei Development Foundation is an independent US non-profit dedicated to the advancement and adoption of open source, permissionless protocols like Sei – the fastest EVM Layer 1 blockchain built to support world-scale decentralized applications. Through education, funding, and ecosystem support, the Foundation collaborates with a global community of builders and users to promote and expand the benefits of Sei and related projects.
To learn more about Sei Development Foundation, visit www.seifdn.org.
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SOURCE Sei Development Foundation
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