Blockchain payroll startup Toku raises $20M

 

Toku, which works on blockchain-based payroll and tax compliance, raised a $20M round led by Blockchain Capital.   Toku works on helping companies pay employees and tokens in 100 countries. "[Compensation] laws aren't going away, and organizations need to follow them for the industry to grow," said Toku co-founder Ken O'Friel. Toku claims Filecoin Foundation, Protocol Labs, Aragon, and Astor among its customers. The round included participation by Alchemy co-founders Nikil Viswanathan and Joe Lau, OrangeDAO, and Protocol Labs, among others.