Plume Tests Tokenized Payroll With Toku

Plume, a blockchain platform for RWAs and onchain yield, launched a payroll pilot with Toku, a stablecoin payroll infrastructure provider, using a tokenized money market fund from WisdomTree, a global asset manager and ETF provider. The program allows employees to receive part of their salary in shares of WTGXX instead of cash.

Employees who join the program can choose a portion of salary to be delivered as fund shares. Plume acquires the shares through WisdomTree Connect and sends them to verified wallets linked to WisdomTree Prime accounts. Participation is optional and depends on account eligibility and wallet verification. Salary calculation and base payments remain unchanged.

The setup removes steps usually required for crypto exposure. Employees do not need to use exchanges or move funds manually. The received shares start generating yield from the day of payment.

The pilot is limited to Plume staff at launch. The company plans to use it as a reference model for combining payroll, tokenization, and institutional asset management in one workflow.

Image: Freepik

Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments