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

LARQ

In market
HOT WINDOWAviation title

Larch Holt

The incumbent copy takes a year. The named customer is already writing.

Seats of attention are not infinite. 3 counterparties are in the live thread. You are not — yet.

Larch Holt — A permissioned record of title, invoices, warehouse receipts or port documents for houses that already finance or move goods. The event is the product. The bill of lading does not get replaced by a meme.

Live campaign. 9,615 on the product waitlist — that is demand, not an allocation.

The named customer already picked. The waitlist is everyone who was late to that fact.

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

Waitlist

0

Window

Closed

Heat

0/99

Inbound / wk

0asks

Asking now

0live

Named pilots

0

Redacted on the public page

Live nodes

0

Airframe registry

Counsel hours

0

Luxembourg · counsel-named

Sentences killed

0

Before listing

Claims live

6/8

Growth

Our cut

0%

Of any proceeds

Plate Horizon · 7813

LARQ

The plate

Horizon. Edition 7813.

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

LARQ · Luxembourg · Aviation title

Score

0

Desk diligence

Pilots

0

Named, redacted

Waitlist

0

Product demand

HQ

Luxembourg

Trade-finance banks

Sells

Per

Per title event

Markets

0

Luxembourg

Years

0

Founded 2026

Surfaces

0

Airframe registry

Complete

0

File readiness

The wedge

Per title event

Larch Holt digitises a hold, not a commodity.

Why the desk took it

A real job, not a ticker.

Legal title jurisdiction was in the application. Unusual, and good.

Traction

5 named pilots (redacted).

Founded 2026, headquartered in Luxembourg. 5 named pilots on file (identities redacted in public). 9,615 on the waitlist, gated — product demand, not a book built. 6 nodes or connected surfaces reported. Desk diligence score 89/100. A named Luxembourg administrator who already signs the pack (redacted). A redacted engagement letter landed in week one. That is why the desk took the meeting.

Next 12 months

One financed shipment against this record.

A commodity NFT is the thing this file will not be. Bps on a job that already has a budget line. A public coin would not make the invoice larger.

The brief

How a serious reader should hold this.

The decline pile in Aviation title is not a rumour. It is how this board stays readable. Larch Holt is what survived. That is the sell.

If you leave this page without opening the claims table, you have read marketing. The scarce version of Larch Holt is the version that survives counsel. It is on a clock.

US traffic was taken off the public surfaces in the first working session. Larch Holt did not argue. Adult companies do not costume a US offering.

From counsel

A dual-control drill exists on paper. Production evidence is the next artefact, not a tweet.

From the screen

Fixed fee. Deposit to start. 0% of proceeds. Token-only pay is declined. Percentage of raise is declined.

From the pilot

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.

The window

Miss this and you read the archive.

The next Aviation title company on this board will not have this waitlist, this HQ, or this counsel posture.

Budget exists on a line the board can see. That is why the window is this quarter.

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
3
Counsel hours on file
58
Asks / week
1,202
Our cut
0% of proceeds

The auditor has seen the dual-record. Switching now is a new conversation. That is the lock.

Rafa Okafor, Chief executive

This company

Larch Holt

Twelve Aviation title decks look the same. One of them has a Luxembourg customer on the record.

In the same conversation

  • Contour / we.trade (history)
  • CargoX
  • Bank trade portals
  • Not a commodity NFT

The bet

Why this company exists.

Larch Holt digitises a hold, not a commodity.

Larch Holt digitises a hold, not a commodity.

Banks want to digitise without putting a commodity on a public chain. Warehouses will not be first movers. A permissioned title event they already recognise is the on-ramp.

Documentary trade is a trillion-scale flow. Software that shortens a hold by two days is a spread.

Versus the field

L2 wrappers are cheaper. They are also a different perimeter — and declined here. Larch Holt is priced as software against an invoice that already exists.

Luxembourg 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 document that already exists is hashed and evented
  2. 02Title changes when the parties that already can change it say so
  3. 03Financiers see the state they are underwriting
  4. 04No public listing of the cargo as an asset
  5. 05Title changes only when the parties that already can change it say so
  6. 06Retail and unnamed geographies are structurally off the form, not only in the footer.

In the same conversation as

  • Contour / we.trade (history)
  • CargoX
  • Bank trade portals
  • Not a commodity NFT

If they raise

Where the money would actually go.

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

  • Claims & campaign ops

    35%

    A counsel memo that can survive a later reader.

  • Certifications & adapters

    23%

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

  • Named operators

    14%

    Adapter work against the incumbent register, admin, or custodian.

  • Counsel & perimeter

    28%

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

Operating week

What “in market” actually looks like.

  1. SunOwnersWho can decide messaging and budget on a recorded line. If the answer is nobody, stop.
  2. FriKill switchRehearse unpublish in 24 hours. If it takes a committee, it is not a switch.
  3. ThuCustomerNamed pilot (redacted) sees the same record the auditor saw.
  4. TueExceptionsOvernight breaks post back into the customer’s case system. No side book.

The wedge

Why this one, not the other one.

They sell
Per title event
Who pays
A named Luxembourg administrator who already signs the pack (redacted).
Unit economics
Bps on a job that already has a budget line. A public coin would not make the invoice larger.
Moat on file
A bank has funded against this record on at least one shipment.
Switching cost
Scheme maps, ISO, LMA language, registry adapters — eighteen months of unglamorous work.
Vs the comps
A commodity NFT is the thing this file will not be.
Why we listed it
Legal title jurisdiction was in the application. Unusual, and good.

Next twelve months

What has to be true.

One financed shipment against this record.

A redacted engagement letter landed in week one. That is why the desk took the meeting.

Growth money would extend the record to a second geography, still permissioned.

Traction

What you can verify today.

Founded 2026, headquartered in Luxembourg. 5 named pilots on file (identities redacted in public). 9,615 on the waitlist, gated — product demand, not a book built. 6 nodes or connected surfaces reported. Desk diligence score 89/100. A named Luxembourg administrator who already signs the pack (redacted). A redacted engagement letter landed in week one. That is why the desk took the meeting.

  • Operating notes for Airframe registry
  • No token contract listed as a public sale
  • Pilot letters on file, identities redacted
  • Luxembourg is the operating centre
  • The waitlist, if any, is a product list — not a book
  • RCA Pad does not take a cut of proceeds

Readiness

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

  • Product59
  • Customers96
  • Legal path84
  • Tech maturity64
  • Demand88
  • Market access68

Risks

What can kill it.

The one that actually kills it

The founder wants a public book

The moment Larch Holt asks this pad to allocate, sell, or complete funding, the listing ends. That is not a moral project. It is how a services firm stays a services firm.

Legal title

If the court still wants the paper, the chain is a copy. Ask which jurisdiction has said otherwise.

Warehouse adoption

One bank is not a network. The warehouse has to write the event.

Public token

Tokenising the cargo for a crowd is a different, usually worse, company.

Fraud

Digitising a fake bill faster is not progress. Dual-control is the feature.

Paper still wins in court

If the court wants the original, the chain is a copy. Ask which jurisdiction has said otherwise.

Single-customer gravity

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

Ask these next

  1. 01If RCA Pad disappeared tomorrow, could the customer still run the job?
  2. 02Has counsel written the perimeter in a memo you can file?
  3. 03What does renewal look like if no round ever happens?
  4. 04Where do keys, title, or NAV liability sit — and is that person licensed?
  5. 05What happens if a founder later wants a public token?
  6. 06Which incumbent can copy this in a quarter, and what would they have to migrate?

Structure

How money would actually move.

If this company raises, it raises with its own counsel and providers. The waitlist is a product list. It is not a round, a book, or an allocation on RCA Pad. We do not take a cut.

Entity
Larch Holt S.à r.l.
Path on file
Luxembourg · counsel-named
Posture
No public sale
Pack
Growth

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.

  • Luxembourgnamed
  • EEA professionalnamed
  • EU retailrestricted

Team

Who runs it.

  • Rafa OkaforChief executive
  • Siobhán NovakChief executive

Stack

  • Airframe registry
  • Aviation title
  • Audit log
  • Approval trail

Who can decide

Rafa Okafor (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.

Year two is a second named market and the remaining certifications — still permissioned. It is not a public book. A public book would be a different company.

Claims with evidence

Statements with evidence.

StatementEvidenceStatus
Larch Holt does not sell a token to the public on this padPosture locklive
The product is aviation title sold to institutionsArchitecture + customer typelive
Airframe registry is the method — not a listed assetDesk snapshotlive
Retail buyers are out of scopeNamed markets locklive
Any raise completes with the issuer’s counsel and providers — not on RCA PadFixed-fee termslive
Production date for the chain layer is not committedNo board minutedraft
No public token is sold on this padEngagement terms + posture locklive
Customers contemplated: Luxembourg, EEA professionalNamed markets on the filelive

On the record

  1. Sprint packPackJun
  2. Counsel lockPathJul
  3. Claims register liveRegisterAug
  4. Creator briefBriefSep

Operating log

  1. 11 Sep 09:43

    Takedown SLA idle-tested.

  2. 08 Sep 11:40

    A claim held for missing evidence.

  3. 04 Sep 08:22

    Weekly report issued to the desk.

  4. 01 Sep 14:08

    Creator set on disclosure. No buy language.

Path to now

  1. Sprint

    Pack accepted

    Narrative, matrix, claims locked.

  2. Path

    Counsel names it

    Or the file stays not-offering.

  3. Live

    Campaign

    Waitlist and register. No purchase journey.

Not a subscription

This is not a sale page.

If this company raises, it raises with its own counsel and providers. The waitlist is a product list. It is not a round, a book, or an allocation on RCA Pad. We do not take a cut. 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

Other companies

VELMVellum ProtocolSettlement rails for private credit funds. Campaign live. No public token sale.KITEKite LedgerTrade-finance records on a permissioned L2. Live waitlist. Allocation is not on this pad.PLSDPalisade IDPermissioned identity for funds. Live in the EEA professional lane. No token, no sale.NRTLNorthlineOn-chain fund admin. Day 8 of 14. The pack is the product. Pathway locked: not offering.