Announcing our integration with Coinbase
Announcement: Projects can custody their tokens on Coinbase Prime, while automating distribution, vesting, and tax withholdings with Pulley.
For a long time, the narrative around tokens has been that you can have speed, security, or compliance. Maybe you can even get two of the three - but never all three at the same time.
Today, we take a step towards changing that.
We’re excited to announce an integration with Coinbase to help protocol teams compliantly reward and distribute tokens to contributors. The integration helps to streamline Day 1 launches and ongoing token distributions, built on a shared commitment to compliance and transparency amidst evolving regulatory standards.
Why Pulley is building for web3
Pulley started in crypto with the mission to unlock the next generation of community ownership. We translated our rich experience in supporting thousands of equity companies to the web3 space, which is still nascent and navigating unstandardized regulations.
Our end-to-end platform provides a single source of truth for compliant token management and reduces the operational burden of grants and distributions.
We’re proud to support multiple blockchains and L1s, supporting top projects such as Mysten Labs, LayerZero, and OpenZeppelin.
How it works
Many crypto leaders track and manage tokens in unwieldy spreadsheets. The distribution process can take days, bogged down by complex processes, multiple checks and approvals, and manual calculations.
This integration simplifies the back-office for token management. Now, protocols can custody their tokens on Coinbase Prime and then automate distribution, vesting, and tax withholdings on Pulley.
This workflow prevents unwanted surprises and saves finance leaders valuable time on manual processes.
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