How Toku Powered ZKsync’s Token Generation Event

In a collaboration, Toku demonstrated its expertise by successfully managing ZKsync’s complex token generation event (TGE). This showcased Toku’s ability to handle intricate multi-jurisdictional requirements while maintaining the highest standards of compliance, tax optimization, and efficiency.

The Challenge

ZKsync approached Toku with a complex set of requirements that demanded attention to detail and coordination across multiple stakeholders. The project presented several critical challenges:

• Implementation of a tax-efficient structure across 25+ employee and investor jurisdictions
• Management of hundreds of grant agreements within a narrow two-week window
• Coordination with internal teams and external legal counsel
• Integration with existing security protocols and systems
• Time-sensitive execution with evolving requirements

Toku’s Approach

Toku implemented a comprehensive three-phase strategy to ensure successful delivery:

1. Preparation Phase: 

• Toku began with thorough groundwork, creating jurisdiction-specific document templates and developing custom models for safe sizing. This meticulous planning laid the foundation for smooth execution.
• Toku implemented a multi-sig wallet strategy leveraging Gnosis Safe for investors and employees

2. Execution Phase: Toku’s team worked tirelessly to meet crucial deadlines. Toku successfully:

• Processed hundreds of grant agreements
• Coordinated simultaneous execution across all jurisdictions
• Provided tailored support for critical tax elections in the US,UK and the EU

3. Support Phase: Post-implementation, Toku continued to provide value through:

• Employee education via dedicated town halls
• 24/7 platform support
• Assistance with staking, voting and governance processes
• Integration with ZKsynccustodian, Anchorage

Results That Speak Volumes

Toku was able to accomplish impressive results with its partnership with ZKsync:

• Completion of the entire TGE process within the aggressive timeline
• Several hundred thousand dollars in legal cost savings
• Over 350 man-hours invested in ensuring perfect execution
• Successful implementation of tax-efficient structures aligned with both in-house counsel, external legal team and external tax team
• Seamless coordination between all stakeholders

The Toku Difference

“What set Toku’s partnership apart was their ability to adapt to evolving requirements while never losing sight of the details. Their deep technical expertise and understanding of complex regulatory requirements were invaluable. They worked side by side with us tirelessly—across all hours, time zones, and every aggressive last-minute deadline. The seamless execution of the TGE process simply wouldn’t have been possible without their guidance and dedication.”

Zoe Gadsden, COO, Matter Labs

As Toku continues to serve the blockchain ecosystem, this collaboration stands as a testament to Toku's commitment to excellence and our ability to execute complex token generation events with precision and professionalism.