TOKI

TOKI uses IBC as its messaging layer and extends the Cosmos interoperability standard to EVM networks. Its core piece is a light client proxy that runs light client logic inside a trusted execution environment and uses zero-knowledge proofs for dispute checks, verifying cross-chain state without requiring every chain to host a full light client.

On the asset side, single-sided unified pools let a user deposit a native asset on the source chain while the destination chain pays out the same asset from the pool, so no wrapped token exists and there is no redemption risk on a synthetic. Liquidity providers earn fees on pool balances. A testnet opened in two phases in September 2024 for transfers and pools, native swaps between Ethereum and BNB Chain went live in February 2025, and work with Japanese partners targets enterprise stablecoin settlement.