Franklin

Franklin is a hybrid fiat and crypto financial management platform designed for modern businesses operating in the Web3 ecosystem. Founded to solve the challenges of managing payments across traditional and blockchain-based financial systems, Franklin has established itself as a comprehensive payroll and treasury management solution for crypto-native companies.

Core Products and Services

Franklin offers an all-in-one platform that combines U.S. compliant payroll, global contractor payments, bill pay, invoicing, and crypto treasury management. The platform supports both W2 employees and 1099 contractors, enabling businesses to process payments in USD, stablecoins, and cryptocurrencies across multiple blockchain networks including Ethereum, Arbitrum, Polygon, Optimism, Avalanche, Base, Celo, and Linea. Their multichain payment infrastructure eliminates the complexity of managing multiple wallets and gas tokens while maintaining comprehensive accounting integration.

Payroll and HR Solutions

The company provides fully compliant U.S. payroll processing with automated tax filing, W2 and 1099 generation, and corporate registration support. Franklin handles federal and state tax compliance, including efficient filing and payment processing with 2-day ACH transfers. The platform includes healthcare and 401(k) benefits integration with automated deductions, along with a self-service worker portal where employees can manage personal details, payment preferences, and access tax documents.

Crypto-Native Treasury Features

Franklin uniquely positions itself with bankless payroll capabilities, allowing companies to process over $20 million in payments entirely through cryptocurrency without traditional banking infrastructure. The platform offers yield-earning capabilities on idle treasury funds, fiat-to-stablecoin conversion services, and non-custodial wallet control with gas-subsidized transactions. Their grant and token distribution features support tax-compliant airdrops and reward programs with streamlined KYC and onboarding.

Key Strengths

Franklin's primary differentiation lies in its seamless integration of traditional finance and Web3 infrastructure. The platform has been audited by leading blockchain security firms including Chainsafe, Quantstamp, and Alchemy, demonstrating a commitment to security and compliance. With over $50 million in total payment volume processed and $20 million handled entirely banklessly, Franklin has proven its ability to serve the unique needs of crypto-native organizations.

The company's multichain payment capability allows businesses to batch payroll and bill payments across different blockchains in a single transaction, significantly reducing operational complexity. Their accounting system integrations ensure proper reconciliation and reporting for both crypto and fiat transactions, addressing a major pain point for finance teams managing hybrid payment infrastructures.

Notable Clients and Market Position

Franklin serves prominent Web3 organizations including SoulWallet, ETHStaker, and companies incubated by Serotonin. The platform has supported over 40 customers ranging from early-stage startups to scaling organizations. Client testimonials highlight Franklin's verified-wallet features, treasury management capabilities, and error prevention systems as key value drivers.

The company has been featured in major publications including The New York Times, Nasdaq, CoinDesk, Cointelegraph, and Payroll.org, with coverage focusing on how stablecoins and blockchain technology are reshaping payroll and business payments. Franklin raised a $2.9 million seed round and is incubated by Serotonin, a product studio and marketing firm for transformative technologies.

Why Choose Franklin

Franklin is purpose-built for businesses that operate across both traditional and decentralized financial systems. Unlike legacy payroll providers that have bolted on crypto features, Franklin was designed from the ground up to handle the complexities of Web3 treasury management while maintaining full regulatory compliance. The platform eliminates the need for multiple payment processors, manual crypto accounting, and fragmented workflows.

For crypto-native companies facing debanking challenges or seeking to maximize treasury efficiency through DeFi yield strategies, Franklin provides an integrated solution that maintains the speed and cost advantages of blockchain payments while ensuring tax compliance and professional financial reporting. The platform's transparent pricing, starting at $50/month for teams of three or fewer, makes enterprise-grade crypto payroll accessible to startups and growing teams.