Sei Foundation Case Study

Introduction:

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The Sei Foundation supports the growth and development of the Sei Network, a high performance, Layer 1 blockchain. The Sei Foundation leverages various programs and models to help steward the growth and development of a variety of use cases and emerging verticals that are finding traction on the permissionless Sei Network. The Sei Foundation’s compensation model includes both fiat and token-based payments, reflecting its commitment to empowering contributors with flexible and equitable payment options.

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The Challenge:

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As the Sei Foundation prepared to scale its operations, it initially planned to onboard with a Web2 provider for its Employer of Record (EOR) and payroll needs. However, it quickly became apparent that the provider lacked the specialized capabilities required to manage token compensation in compliance with global tax and labor laws.

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The Sei Foundation realized they needed a provider that could deliver high-touch onboarding support, seamlessly integrate token grant administration, and ensure payroll compliance across jurisdictions—all without overburdening their internal team.

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The Solution:

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The Sei Foundation selected Toku as their partner of choice, recognizing its unmatched expertise in crypto-native solutions. Toku’s proficiency in token grant administration stood out, offering a streamlined approach to managing token-based compensation. By automating calculations and ensuring compliance with local tax regulations, Toku alleviated the operational burden on the Sei Foundation’s internal teams. Their Employer of Record (EOR) services provided a robust and flexible framework for employing contributors globally, managing payroll and benefits while adhering to complex local labor laws. 

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Toku’s high-touch onboarding support further distinguished their services. A dedicated project team worked closely with the Sei Foundation team to design and execute a well-structured onboarding process that fit seamlessly into their operations. With Toku’s guidance, the Sei Foundation gained not only a compliant and efficient solution but also a partner invested in their long-term success. 

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Toku helped us simplify our payroll and compliance processes while seamlessly implementing our token compensation program through one integrated solution. Their hands-on support allowed us to stay focused on growing our core business.

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— Julian Tan, Director

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