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.

