Local crypto platform Philippine Digital Asset Exchange (PDAX) has announced a partnership with Toku to allow remote employees and contractors in the country to receive salaries in stablecoins.

The collaboration integrates Toku’s token-based global payroll system with PDAX’s local cashout infrastructure.

According to the companies, the system allows employers to send stablecoins through the platform, which PDAX then converts into Philippine pesos. The funds are distributed directly to local bank accounts or mobile wallets via Instapay or Pesonet.

The aim is to enable companies to pay contributors in stablecoins while avoiding the delays and fees often associated with traditional international transfers.

Ken O’Friel, CEO of Toku, noted that the service utilises assets many crypto firms already possess.

“Crypto companies already hold stablecoins on their balance sheets… Now they can use those same assets to pay contributors in the Philippines,” O’Friel said. “Our partnership with PDAX makes stablecoin payroll local and seamless.”

Nichel Gaba, CEO of PDAX, stated that the exchange looks forward to introducing these options locally.

“This helps open up better, faster financial access for Filipino professionals working with global companies,” Gaba said.

The firms noted that the collaboration aligns with a broader trend of stablecoins becoming key treasury tools for global crypto companies.

This partnership follows other recent moves by PDAX to expand its stablecoin capabilities, including a collaboration with Codex to improve remittance transfers through stablecoin rails.

Toku specialises in global token payroll services, including support for tax and benefits, while PDAX provides a range of digital asset offerings, from trading to cross-border payments.

Featured image by wirestock via Freepik.