PDAX Partners with Toku to Streamline Stablecoin Payrolls for Filipino Remote Workers

Tuesday Nov 18 2025 21:40

Duration

2 min

  1. 0.1 Integration of Stablecoin Payroll System

  2. 0.2 Payment and Settlement Mechanism

  3. 0.3 Toku: A Global Digital Payroll Platform

  4. 0.4 PDAX: A Leading Cryptocurrency Exchange in the Philippines

  5. 0.5 Philippines: An Active Hub for Cryptocurrency Adoption

  6. 0.6 Plan to Create a Strategic Bitcoin Reserve

PDAX, a licensed cryptocurrency exchange based in the Philippines, has announced a strategic partnership with Toku, a global Web3 digital payroll solutions provider, with the goal of facilitating salary payments to remote workers in the Philippines using stablecoins. This collaboration aims to streamline the payment process and reduce the costs associated with traditional financial transfers.

Integration of Stablecoin Payroll System

Under this agreement, Toku's token-based payroll system will be integrated with PDAX's cash conversion system. This will enable companies to send employee salaries in stablecoins through regular payroll systems, with the ability to convert these earnings into Philippine pesos without incurring transfer fees or facing delays.

Payment and Settlement Mechanism

Toku routes payments directly to PDAX wallets or external addresses for real-time blockchain settlement. Workers can then withdraw funds to almost any Philippine bank or e-wallet, including GCash and GrabPay. At the same time, employers can fund salaries in Philippine pesos or in stablecoins such as (USDC), (USDG), or (RLUSD).

Toku: A Global Digital Payroll Platform

Toku is a global payroll platform that enables companies to pay employees and contractors in digital tokens or stablecoins using existing payroll systems. According to the company's website, it is used in more than 100 countries.

PDAX: A Leading Cryptocurrency Exchange in the Philippines

PDAX is a Philippine cryptocurrency exchange that offers trading, exchange services, and digital token-based products for local users and businesses.

Philippines: An Active Hub for Cryptocurrency Adoption

The Philippines is one of the most active Asian countries in adopting cryptocurrencies, with government agencies and major banks launching blockchain-based pilot projects and stablecoin initiatives over the past two years. In 2024, Tether partnered with Web3 platform Uquid to enable people in the Philippines to pay their Social Security System contributions using USDt on The Open Network. In January 2025, several Philippine banks began collaborating on the PHPX stablecoin project, a Hedera-based project aimed at facilitating real-time remittances using distributed ledger technology. In July 2025, the Philippine government announced that it would begin notarizing official documents on the Polygon blockchain.

Plan to Create a Strategic Bitcoin Reserve

In addition, the Philippine Congress is considering a bill directing the central bank to build a strategic reserve of 10,000 Bitcoin. The "Strategic Bitcoin Reserve Act" would require the Central Bank of the Philippines to purchase 10,000 Bitcoin and hold it in a trust fund for at least 20 years. This trend reflects the growing interest in digital currencies in the Philippines and their potential to boost the digital economy.

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

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Written by:

Noah Lee

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