Plume Launches Payroll with WTGXX
A press release titled, "Plume Launches First RWA Payroll Pilot With Toku Using WisdomTree's Tokenized Money Market Fund (WTGXX), Enabling Employees to Turn Salaries Into Yield-Bearing Assets," tells us, "Plume, the leading RWA blockchain powering real-world yield and onchain asset management, ... announced a first-of-its-kind payroll pilot developed in collaboration with stablecoin payroll provider, Toku, using shares of the tokenized money market fund, WTGXX, from global financial innovator, WisdomTree. The pilot demonstrates how tokenized real world assets can interact with existing payroll workflows, giving employees the option to receive a portion of their pay in shares of a regulated money-market fund rather than receiving all compensation in cash." The post says, "Through the program, Plume employees can elect to receive a portion of their salary in shares of WisdomTree's tokenized money market fund, WTGXX. The process removes the need for employees to purchase crypto, interact with exchanges, or manually move funds onchain, allowing compensation received in fund shares to begin earning yield from the day it is paid. Plume purchases the corresponding fund shares via WisdomTree Connect and delivers those shares to participating employees, who will hold the shares in verified wallets linked to their WisdomTree Prime account. Employee participation is voluntary and subject to meeting WisdomTree Prime eligibility requirements (including wallet verification), but does not alter how salaries are calculated or paid." James Huang, Head of Operations at Plume, comments, "Payroll is one of the most widely used financial rails in the world, yet it has barely evolved. By allowing employees to receive part of their salary directly into regulated, yield-bearing money-market funds, we're showing how real world assets can move beyond investment products and become everyday financial infrastructure. This pilot demonstrates how tokenization can make income productive from the moment it's paid, without changing how people work or get paid."
