RCA Pad
VELMVellum Protocol8,420 waitlistKITEKite Ledger2,190 waitlistPLSDPalisade ID1,640 waitlistNRTLNorthlineDay 8 of 14SABLSable RailDay 5 of 14QULLQuill MarketsDay 11 of 14CDWLCinder Well6,947 waitlistHRTNHartline8,787 waitlistOBSNObsidian Rail4,416 waitlistFENLFen Clearing1,060 waitlistLUMNLumen Books5,510 waitlistRDCTRedact ID6,485 waitlistHRBNHarbor NAV6,973 waitlistQLTDQuilt1,876 waitlistNMBMNimbus Match7,864 waitlistBRASBrass4,166 waitlistSLSTSolstice Credit9,342 waitlistWLTRWillow Transfer7,031 waitlistEMBREmber Registry2,487 waitlistNQAYNorth Quay2,013 waitlistKLNSKiln4,412 waitlistGLSHGlass HouseDay 8 of 14IRNPIron PierDay 1 of 14PLFRPale FireDay 3 of 14VELMVellum Protocol8,420 waitlistKITEKite Ledger2,190 waitlistPLSDPalisade ID1,640 waitlistNRTLNorthlineDay 8 of 14SABLSable RailDay 5 of 14QULLQuill MarketsDay 11 of 14CDWLCinder Well6,947 waitlistHRTNHartline8,787 waitlistOBSNObsidian Rail4,416 waitlistFENLFen Clearing1,060 waitlistLUMNLumen Books5,510 waitlistRDCTRedact ID6,485 waitlistHRBNHarbor NAV6,973 waitlistQLTDQuilt1,876 waitlistNMBMNimbus Match7,864 waitlistBRASBrass4,166 waitlistSLSTSolstice Credit9,342 waitlistWLTRWillow Transfer7,031 waitlistEMBREmber Registry2,487 waitlistNQAYNorth Quay2,013 waitlistKLNSKiln4,412 waitlistGLSHGlass HouseDay 8 of 14IRNPIron PierDay 1 of 14PLFRPale FireDay 3 of 14
Board

DAP7

Closed
CLOSEDCollateral records

Dapple Post

Window closed. a short list asked while it was live. You are reading history.

A named Stockholm customer is already on the record. The public still thinks this is a deck.

Dapple Post — A system of record for private-credit funds and desks: tapes, RFQs, or covenants that update when a borrower files. The buyers already have a book. This is plumbing, not a venue that matches strangers.

Closed on this board. Any capital event was completed with the issuer’s own providers. RCA Pad took 0%.

Closed. The live conversation is over. The pack remains as archive.

Diligence, not a prospectus. RCA Pad does not allocate, take orders, or close funding. If this company raises, it raises with its own counsel.

Stage

completed

Window

Closed

Heat

0/99

Inbound / wk

0asks

Asking now

0live

Named pilots

0

Redacted on the public page

Live nodes

0

Margin ledger

Counsel hours

0

Sweden · closed private round

Sentences killed

0

Before listing

Claims live

0/16

Sprint

Our cut

0%

Of any proceeds

Plate Concentric · 6932

DAP7

The plate

Concentric. Edition 6932.

A unique plate for Dapple Post. Geometry, orbit, and edition belong to this company — no other listing on the board shares it.

DAP7 · Stockholm · Collateral records

Score

0

Desk diligence

Pilots

0

Named, redacted

Stage

completed

completed

HQ

Stockholm

Private-credit funds

Sells

Bps

Bps on facilities on the tape

Markets

0

Sweden

Years

0

Founded 2025

Surfaces

0

Margin ledger

Complete

0

File readiness

The wedge

Bps on facilities on the tape

They sell a faster close to administrators, not access to a crowd.

Why the desk took it

A real job, not a ticker.

Retail was never in the deck. Rare.

Traction

2 named pilots (redacted).

Founded 2025, headquartered in Stockholm. 2 named pilots on file (identities redacted in public). 20 nodes or connected surfaces reported. Desk diligence score 90/100. An AIFM whose auditor has seen the dual-record. No public APY, no public book, no ‘how to buy’ on any surface we could find.

Next 12 months

Ten live facilities or this is still a lab.

A DeFi lending pool is the opposite company. They win if they are cheaper than the internal build, not cheaper than a protocol.

The brief

How a serious reader should hold this.

Most Collateral records decks start with a market size. This one starts with a job: a person at a licensed firm, a record they cannot currently prove, and a calendar that does not wait for a proposed US rule. The calendar is the window. The window is the scarce thing.

The bet is narrow. A named Stockholm buyer already has budget for this invoice. Dapple Post wins if it is cheaper than the internal build and cleaner than the protocol pitch. It loses if a founder later wants a public book. The window is the time you have to decide which it is.

On a Tuesday in Stockholm, an exception posts back into the customer’s existing case system. Nobody opens a side spreadsheet. That is the product: the night someone in ops does not stay late.

From counsel

This communication is not an offer. Participation mechanics do not exist on this pad. If a later reader treats the public stack as the offer, the stack was already wrong.

From the screen

We will not describe this as Reg CA-compliant, MiCA-stickered, or FCA-authorised. Issuers retain their own counsel in every relevant jurisdiction.

From the founder

The legal source of truth stays with the incumbent register, admin, or custodian. Dapple Post does not attest to its own facts.

The window

Miss this and you read the archive.

When the heat drops, the named customer is still named — they just stop taking new calls.

Counsel hours on file: enough that a later reader can tell this was not improvised.

We do not allocate. We do not take a cut. We will not hold the window open for you.

Window

Closed

Closed. History only — not a place to buy.

Sentences killed
15
Counsel hours on file
93
Asks / week
0
Our cut
0% of proceeds

Do not put a participate button on our page. If you do, we leave.

Zara Nair, Chief executive

This company

Dapple Post

Services firms hide in ‘platform’ language. Dapple Post sells a seat plus an event. Named.

In the same conversation

  • eFront
  • Allvue
  • Closed RFQ wires
  • Not an on-chain lending pool

The bet

Why this company exists.

They sell a faster close to administrators, not access to a crowd.

They sell a faster close to administrators, not access to a crowd.

Allocators want daily marks and covenant visibility. Banks want to originate without building a chain team. The first honest tape that does not pretend to be an exchange will be paid for as software.

Private credit AUM is measured in trillions. The software take-rate is small. The switching cost, once a tape is the record, is not.

Versus the field

The incumbent brand sells the relationship. Dapple Post sells the job the brand will not staff. A protocol pitch is the thing this company has already refused. Open-source looks free until the auditor asks who attests.

Stockholm being the city does not make local retail a default audience. Communications capable of inducing investment activity still have a promotions problem.

How it works

  1. 01A loan or covenant event is written once
  2. 02Permissioned counterparties see what they are allowed to see
  3. 03Marks and RFQs stay inside named desks
  4. 04No public order book, no retail
  5. 05Default and amendment events are first-class, not a PDF in a side channel
  6. 06A named counterparty verifies; Dapple Post does not attest to its own facts.

In the same conversation as

  • eFront
  • Allvue
  • Closed RFQ wires
  • Not an on-chain lending pool

If they raise

Where the money would actually go.

Not a token float. A budget against work. RCA Pad still takes 0% of proceeds.

  • Certifications & adapters

    33%

    A counsel memo that can survive a later reader.

  • Second market

    25%

    Keeping the public story from running ahead of the claims register.

  • Claims & campaign ops

    16%

    Hiring the operator who already does this job at a licensed firm.

  • Counsel & perimeter

    26%

    Dual-control drills, key ceremonies, and the person who owns them.

Operating week

What “in market” actually looks like.

  1. FriKill switchRehearse unpublish in 24 hours. If it takes a committee, it is not a switch.
  2. SatDarkNo creators. No threads. Restricted geos stay dark.
  3. MonClaimsEvery public sentence checked against the register. Anything extra is unpublished.
  4. ThuCustomerNamed pilot (redacted) sees the same record the auditor saw.

The wedge

Why this one, not the other one.

They sell
Bps on facilities on the tape
Who pays
An AIFM whose auditor has seen the dual-record.
Unit economics
They win if they are cheaper than the internal build, not cheaper than a protocol.
Moat on file
Covenant language mapped to the LMA set — not a custom dialect.
Switching cost
Network effects only if a second named counterparty writes. One customer is a service firm.
Vs the comps
A DeFi lending pool is the opposite company.
Why we listed it
Retail was never in the deck. Rare.

Next twelve months

What has to be true.

Ten live facilities or this is still a lab.

No public APY, no public book, no ‘how to buy’ on any surface we could find.

Capital would fund the adapter work and a named counsel memo, not a public sale.

Traction

What you can verify today.

Founded 2025, headquartered in Stockholm. 2 named pilots on file (identities redacted in public). 20 nodes or connected surfaces reported. Desk diligence score 90/100. An AIFM whose auditor has seen the dual-record. No public APY, no public book, no ‘how to buy’ on any surface we could find.

  • Operating notes for Margin ledger
  • No token contract listed as a public sale
  • Named founder; customer still a conversation
  • Stockholm is the operating centre
  • The waitlist, if any, is a product list — not a book
  • Raise, if any, closed with issuer providers

Readiness

Six things a serious buyer asks. 100 is “ready to take to counsel and a customer.”

  • Product95
  • Customers62
  • Legal path84
  • Tech maturity88
  • Demand10
  • Market access68

Risks

What can kill it.

The one that actually kills it

The unit of account becomes a token

Seat plus event. If they attach a token as the unit of account, this company is a different company — and not one we will operate a campaign for.

Marketplace slip

The moment this looks like a public book, it is a venue. This pad will not list that.

Data rights

Who owns the tape when a fund leaves? If that is unsigned, the enterprise value is a conversation.

Credit cycle

A default cluster will test whether the product is a record or a reputation.

Retail

Retail is prohibited. Any ‘access token’ story is a different company.

Data rights on exit

If a fund leaves and the tape stays, who owns the history? Unsigned, the enterprise value is a conversation.

Single-customer gravity

If the first named buyer is also the only buyer, Dapple Post is a services shop with a ledger. Ask for the second.

Ask these next

  1. 01Which geography is actually locked, and which is a hope?
  2. 02Which incumbent can copy this in a quarter, and what would they have to migrate?
  3. 03What happens if a founder later wants a public token?
  4. 04Is the waitlist demand for a product, or a queue for a coin?
  5. 05If RCA Pad disappeared tomorrow, could the customer still run the job?
  6. 06Who can unpublish a public sentence in 24 hours, by name?

Structure

How money would actually move.

Window closed. Tombstone is theirs. Archive is ours. 0% of proceeds.

Entity
Dapple Post AB
Path on file
Sweden · closed private round
Posture
Private only
Pack
Sprint

Where they can operate

Named vs off-limits.

Named markets are where a sentence is allowed. Restricted is where it is not. This is not a worldwide offering.

  • Swedennamed
  • EEA professionalnamed
  • EU retailrestricted
  • United Statesrestricted

Team

Who runs it.

  • Zara NairChief executive
  • Nia ColeChief technology

Stack

  • Margin ledger
  • Collateral records
  • Audit log
  • Approval trail

Named with them

  • Northbridge Counsel
  • Helix Audit
  • Clearline

Who can decide

Zara Nair (Chief executive) will take a 30-minute call and decide budget. If the only person who can accept “we are not opening a sale” is a silent co-founder in another time zone, this company would not be on the board.

If the first customer renews, the adapter work pays for itself. If they do not, Dapple Post is a services firm with a slide. The twelve-month test is renewal, not waitlist.

Claims with evidence

Statements with evidence.

StatementEvidenceStatus
Dapple Post does not sell a token to the public on this padPosture lockwithdrawn
The product is collateral records sold to institutionsArchitecture + customer typewithdrawn
Margin ledger is the method — not a listed assetDesk snapshotwithdrawn
Retail buyers are out of scopeNamed markets lockwithdrawn
Any raise completes with the issuer’s counsel and providers — not on RCA PadFixed-fee termswithdrawn
Pilot identities redacted in publicNo board minutewithdrawn
No public token is sold on this padEngagement terms + posture lockwithdrawn
Customers contemplated: Sweden, EEA professionalNamed markets on the filewithdrawn

On the record

  1. Final registerArchiveAug
  2. Close reportReportAug
  3. Tombstone copyArchiveAug

Operating log

  1. 19 Aug 10:00

    Close report. 0% of proceeds.

  2. 12 Aug 18:00

    Dapple Post archived. Live claims withdrawn.

  3. 11 Aug 09:30

    Final creator pass. Residual claims pulled.

Path to now

  1. Open

    File

    Before any public sentence.

  2. Close

    Archive

    We did not take a cut.

Not a subscription

This is not a sale page.

Window closed. Tombstone is theirs. Archive is ours. 0% of proceeds. Founders who want a pack like this one apply. Readers who want the company talk to the company — not to this pad.

Launch your own How an RCAICO works

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