As cryptocurrency goes mainstream, attracting individual and institutional investors, digitally-savvy employers realize tokens are an increasingly attractive form of compensation, especially for their millennial staff.
But paying employees in digital assets can create all sorts of administrative hurdles. Human resources managers manually record who has been paid what on a giant Excel sheet but can easily lose track of where the tokens are going, as transactions are largely decentralized. And because token holders are also supposed to be shareholders in an organization, changes of ownership can tip the control and power within the company.
Started three years ago, Sprout is trying to make the ownership of digital assets more traceable and transparent for organizations. The Hong Kong-based startup was founded by Andy Lee and Tony Sun, who used to work together at Mapbox, as a cap table software provider. It was helping mid-size startups keep track of equity as they grew …
