PDAX, a regulated cryptocurrency exchange based in the Philippines, has formed a partnership with Toku, a Web3 payroll provider. This collaboration enables remote workers to receive their wages in stablecoins, streamlining the payment process for employers and enhancing convenience for employees.

Key Takeaways

Partnership Announcement: PDAX collaborates with Toku to facilitate salary payments in stablecoins for Filipino remote workers.
Seamless Integration: The integration allows for real-time, onchain payment settlements and easy conversion to Philippine pesos.
Broad Accessibility: Workers can withdraw funds to various banks and e-wallets, while businesses can fund payroll in PHP or stablecoins.
Growing Crypto Adoption: The Philippines is increasingly embracing cryptocurrency, evidenced by government and banking-led initiatives.

New Toku–PDAX partnership lets Filipino workers receive pay in stablecoins

PDAX Teams with Toku for Salary Payments in Stablecoins

PDAX, a regulated cryptocurrency exchange in the Philippines, has teamed up with Web3 payroll provider Toku to allow remote workers in the country to receive their wages in stablecoins. As stated in a press release issued on Tuesday, this new integration combines Toku’s token-based payroll system with PDAX’s regulated cash-out services, enabling businesses to send stablecoin salaries through their standard payroll processes. Workers will be able to convert these earnings to pesos without the burden of wire fees or delays.

Toku ensures that payments are sent directly to PDAX wallets or external addresses, allowing for real-time, onchain settlement. Once the funds are available, workers can cash out to nearly any Philippine bank or e-wallet service, including popular platforms like GCash and GrabPay. Employers, on the other hand, have the flexibility to fund payroll either in Philippine pesos (PHP) or stablecoins, such as USDT.

Toku operates as a global payroll platform, permitting businesses to pay their employees and contractors in tokens or stablecoins while utilizing their existing payroll structures. The company states that it is operational in over 100 countries.

PDAX serves as a cryptocurrency exchange in the Philippines, offering trading, cash-out services, and tokenized asset products for local users and businesses.

Related:__Grab deepens stablecoin push with StraitsX Web3 wallet and settlements

Increasing Interest in Cryptocurrency in the Philippines

The Philippines is becoming a notable player in cryptocurrency adoption within Asia. Over the past two years, government agencies and significant banks have initiated various blockchain pilots and stablecoin projects.

In 2024, Tether partnered with the Web3 platform Uquid, allowing residents of the Philippines to use USDt on The Open Network to pay their Social Security System (SSS) contributions, which covers both formal and informal workers.

By January 2025, multiple Philippine banks were collaborating on the PHPX stablecoin, a project based on Hedera designed to enable real-time remittances using distributed ledger technology.

In July 2025, the Philippine government announced plans to notarize official documents on the Polygon blockchain. Paul Soliman, CEO of Bayanichain, explained that this system would help track government budget records.

Moreover, in August, Congress considered a bill that would mandate the central bank to establish a strategic reserve of 10,000 Bitcoin. The proposed "Strategic Bitcoin Reserve Act" would require the Bangko Sentral ng Pilipinas (BSP) to acquire this Bitcoin and hold it in trust for a minimum of 20 years.