Plume has initiated a groundbreaking payroll pilot that allows employees to receive part of their salary in a tokenized money market fund, potentially transforming income delivery in onchain finance. Partnering with Toku and WisdomTree, Plume's pilot utilizes the WTGXX fund, a regulated, yield-bearing asset, enabling employees to opt for a portion of their wages in this tokenized product, which begins generating returns immediately.
This innovative approach integrates payroll with investment, contrasting with previous crypto payroll models that used stablecoins functioning like cash. By embedding yield-bearing assets directly into payroll, Plume aims to automate investment, eliminating the need for separate investment decisions post-payday. The pilot, starting with Plume employees, could pave the way for broader adoption, making investing more accessible by integrating it into everyday financial systems.
Plume Launches Tokenized Payroll Pilot with WisdomTree's WTGXX Fund
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