Phoenix ESOP + Slice: One Trustee Platform

Key Takeaways:

• Phoenix ESOP, Israel's largest Section 102 trustee, is moving its entire trustee operation for startups onto Slice.
• Trustee records, cap table data, and compliance filings now run on one system instead of three separate ones.
• Companies operating in Israel, including global companies scaling into the country, can manage local trustee obligations and international equity compliance in the same platform.

The problem with three sources of truth

If you grant equity in Israel, Section 102 requires a trustee. That's the law, and it's also how equity data in Israel ended up fragmented. The trustee holds the securities and files with the Tax Authority in their own system. The company runs its cap table in a separate equity platform. Legal often keeps a third version in spreadsheets.

Three sources of truth for the same numbers means reconciliation before every round, every audit, every exit, and every grant, exercise, and tax event keyed in more than once.

One platform, not an integration

Starting today, Phoenix ESOP's trustee operation for startups and Slice's equity platform are the same system. As Maor Levran, Co-Founder and CEO of Slice, put it: "This isn't an integration between a trustee and an equity platform, we're eliminating the integration altogether. Phoenix ESOP and Slice are becoming one system of record for equity: Section 102 trustee administration, the cap table, and global compliance, together, for Israeli companies and their people wherever they are in the world."

Eyal Froind, CEO of Phoenix ESOP, added: "Phoenix ESOP is not only the leading and most professional trustee in Israel, it is also the most technologically advanced by a wide margin. Whether you're a startup or a public company, we will support you from the very first grant all the way to the exit."

What changes for finance and legal teams

For CFOs and General Counsels in Israel, the quarterly reconciliation project is over. For global companies hiring in Israel, there's no need for a separate Israeli stack: Section 102 trustee obligations and global equity operations now run in the same environment used everywhere else.

Phoenix ESOP has decades of experience in Section 102 trustee administration, equity compensation, compliance, and employee share ownership programs, serving thousands of companies from early-stage startups to multinational corporations. Slice is the AI-native global equity management and compliance platform, covering the full equity lifecycle across more than 60 countries, with over $2.5 billion in assets and more than 250,000 stakeholders under management.

Read more on what this means for Israel's startup ecosystem in this article from Calcalist.