Token Grant Administration
Grant
A token grant is an award of tokens to an employee, contractor, or investor. Grants typically have vesting schedules that determine when the recipient can claim their tokens.Vesting
Vesting is the process by which a recipient earns the right to their tokens over time. Common vesting structures include:- Cliff vesting — No tokens vest until a specific date (e.g., 1 year)
- Linear vesting — Tokens vest evenly over time (e.g., monthly over 4 years)
- Milestone vesting — Tokens vest when specific goals are achieved
Distribution
A distribution is the actual transfer of vested tokens from your organization to a recipient’s wallet.Cap Table
A record of all token grants and ownership in your organization, showing who owns what and how much has vested.Toku Contractor
Contractor
An independent worker engaged by your organization on a contract basis, rather than as an employee.Invoice
A request for payment submitted by a contractor for work completed. Invoices include details like hours worked, rates, and total amount due.Engagement
The contractual relationship between your organization and a contractor, including terms, rates, and scope of work.Stablecoin Payroll
Stablecoin
A cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like USD. Common stablecoins include USDC and USDT.Payroll Run
A scheduled payment to employees, including salary, bonuses, and any deductions.Withholding
The portion of an employee’s pay that is held back for taxes or other deductions before payment is made.Payout Method
How an employee chooses to receive their pay — traditional bank transfer, stablecoin to a crypto wallet, or a combination.General Terms
Custody Provider
A service that securely stores digital assets (tokens, stablecoins) on behalf of organizations. Toku integrates with providers like Fireblocks and Anchorage.Wallet
A digital account where tokens and stablecoins are stored. Recipients need a wallet address to receive crypto payments.KYC (Know Your Customer)
Identity verification required for compliance. Recipients may need to complete KYC before receiving payments.Related
TGA Overview
Learn more about token grants
Contractor Overview
Learn more about contractor management