Pre-Distribution Setup
Before running the distribution, please ensure that the storage wallets are connected.
1. Connect Storage Wallet
Navigate to Token Cap Table → Tokens
Select your token and scroll to connect your storage wallet
Complete the modal fields
Verify the connection using Actions → Ping or Test Transfer
Ensure the token is marked as Distributable (Actions → Edit on the token grant)
2. Connect Employee Wallets
For token holders:
Log into Pulley → Portfolio → view/add wallets
For admins:
Enable wallet editing: Company → Wallet Security → toggle on "Allow tokenholders to update wallet addresses"
Or add wallets directly at the stakeholder level
To learn more about verifying wallet ownership, read our Wallet Ownership Help Guide.
Running a Distribution
Step 1: View Distributions
Go to the Distributions tab under the token cap table to see all due distributions.
Step 2: Start Distribution
Click Run Distribution
Select transactions to distribute (bulk or individual)
Use the top-left checkbox to select all → Save & Continue
Confirm all transactions have wallets attached
Step 3: Set Token Price
Choose your pricing method:
Crypto Compare
Token Valuation
Manual Input
Then Save & Continue.
Step 4: Calculate Tax Withholdings
Choose one method:
Payroll Provider Integration (Gusto, Sequoia One, ExponentHR, or Rippling)
Download the gross earnings report from Pulley
Upload as off-cycle payroll to your provider
Upload the withholdings document back to Pulley
Manual Input
Enter withholding rates in spreadsheet mode
Or pre-upload rates at the stakeholder level before distribution
Step 5: Review Withholdings
Review and adjust rates as needed, then continue.
Step 6: Choose Custodian
Select from your connected storage wallet addresses.
Step 7: Review & Finalize
Optionally enable email notifications to token holders
Record transaction hashes if required
Complete the distribution
⚠️ Critical Final Step
You must log into your custodian to approve and release the tokens. Pulley sends the transaction details, but final approval happens on the custodian side.