#United States #San Francisco #Vouch #Toku #Token Issuers

Vouch and Toku Partner for a Better Future in Crypto Compliance

Vouch, a leading business insurance provider catered to high-growth companies, has partnered with Toku, a pioneer in crypto-native employment and token compensation solutions. Together, they aim to create a streamlined risk and compliance infrastructure specifically designed for token issuers and crypto companies. This collaboration addresses essential market challenges that blockchain teams face in an ever-evolving regulatory environment.

Bridging Insurance and Token Compliance

As crypto companies increasingly navigate complex regulations, Vouch and Toku are poised to lend a helping hand. Vouch will provide specialized insurance solutions for token-centric projects, tapping into emerging risks such as smart contract vulnerabilities, the custody of digital assets, and potential regulatory enforcement issues.

Travis Hedge, the Chief Revenue Officer and Co-founder of Vouch, emphasizes the importance of this partnership: "The rapidly evolving regulatory landscape presents unique challenges for crypto and Web3 companies. By joining forces with Toku, we are combining our insurance solutions with their compliance expertise, creating a safety net that empowers innovation while effectively managing risk."

Toku complements this partnership by offering employment and tax infrastructure tailored for token generation events, offshore foundations, and globally distributed teams. Their platform enables easier management of payroll and benefits in a crypto-centric world.

Helping Web3 Teams Build with Confidence

This strategic collaboration aims to equip founders and operators associated with crypto projects with the necessary resources and continuous education to navigate an ever-changing legal landscape. Ken O'Friel, CEO and Co-founder of Toku, noted, "Crypto companies operate at the intersection of traditional finance and new on-chain technology. Our partnership with Vouch is crucial to establishing the compliance and risk frameworks they require for confident scaling."

Regulatory scrutiny and pressure continue to escalate, creating a precarious situation for token projects. Legal and operational challenges can arise, especially as smart contracts and international collaborations don't align easily with traditional HR and insurance frameworks. Through their integrated approach, Vouch and Toku aim to create a reliable foundation necessary for crypto teams to thrive in a responsible and compliant manner.

A Vision for Crypto Companies

The partnership between Vouch and Toku signals a progressive move towards a shared vision for the future of crypto companies. By addressing the unique challenges posed by regulations and compliance, they elevate the standards for responsible crypto business practices. Their collaboration will not only set new benchmarks but also empower other companies in the crypto industry to prioritize risk management and compliance, thus ensuring sustainable growth.

About Vouch

Vouch is revolutionizing the insurance landscape for high-growth firms by offering access to a wide range of insurance carriers and bespoke solutions through their Managing General Agent, Corix Insurance. Boasting a team of industry experts and backing from notable investors, Vouch strives to simplify how startups manage their risks at various stages. Their tech-enabled approach allows for tailored and rapid insurance solutions that adapt to emerging business models.

About Toku

Toku is a comprehensive platform dedicated to the payroll needs of companies operating with tokens and stablecoins. Their services cover employment, payroll, taxation, and benefits, enabling businesses to pay their employees in various tokens while maintaining their existing systems. For organizations looking to seamlessly integrate crypto into their operations, Toku presents an invaluable resource.

For further details on this partnership or to learn more about their offerings, visit Vouch and Toku.