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

LAR3

In diligence
IN MOTIONCarbon inventories

Larch Room

Pilots named (redacted). Waitlist not. a short list names. Your move.

The protocol pitch was declined. What remains is software against an invoice. a short list people still asked.

Larch Room — A ledger of energy certificates (GOs, RECs) for producers and offtakers who already sit in a national registry. It moves the event faster. It does not invent a green token for Twitter.

In a 14-day diligence sprint (day 8). This is when the story, the customers and the legal path get written down — or the file stops.

Window a fewd. Waitlist a short list. 26 asks this week. This is not a quiet listing.

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

Sprint day

0/14

Window

Closed

Heat

0/99

Inbound / wk

0asks

Asking now

0live

Named pilots

0

Redacted on the public page

Live nodes

0

Inventory ledger

Counsel hours

0

Not offering — locked

Sentences killed

0

Before listing

Claims live

4/6

Sprint

Our cut

0%

Of any proceeds

Plate Ledger · 6155

LAR3

The plate

Ledger. Edition 6155.

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

LAR3 · Boston · Carbon inventories

Score

0

Desk diligence

Pilots

0

Named, redacted

Sprint

0

Day 8 of 14

HQ

Boston

Producers

Sells

Per

Per certificate event

Markets

0

United States professional

Years

0

Founded 2021

Surfaces

0

Inventory ledger

Complete

0

File readiness

The wedge

Per certificate event

A national registry as counterpart is the whole company.

Why the desk took it

A real job, not a ticker.

They did not lead with climate Twitter.

Traction

2 named pilots (redacted).

Founded 2021, headquartered in Boston. 2 named pilots on file (identities redacted in public). 9 nodes or connected surfaces reported. Desk diligence score 84/100. Sprint day 8 of 14. A qualified custodian reconciling against this book. Architecture says keys / title / NAV liability sit with a named licensed party — not Larch Room.

Next 12 months

Counsel on commodity vs software — one memo.

National GO registries are slow. That slowness is the budget. They sell a fee the customer already pays a slower vendor for. TAM is that invoice, not a token float.

The brief

How a serious reader should hold this.

The decline pile in Carbon inventories is not a rumour. It is how this board stays readable. Larch Room is what survived. That is the sell.

The bet is narrow. A named Boston buyer already has budget for this invoice. Larch Room 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.

A dual-control drill sits on paper. Keys, title, or NAV liability sit with a named licensed party — not Larch Room. The architecture says so. We have not watched the drill live. That is the next ask, not a slogan.

From counsel

US persons are outside the audience. A form that asks “are you accredited?” without verification is not an exemption.

From the founder

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

From the screen

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.

A later reader gets the same PDF. They do not get the same access.

Certification is in motion. After it lands, the price of the seat is not the question — access is.

Open the diligence or watch it close. There is not a third option that still counts as early.

Window

Closed

Closed. History only — not a place to buy.

Sentences killed
18
Counsel hours on file
69
Asks / week
26
Our cut
0% of proceeds

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

Oskar Voss, Chief executive

This company

Larch Room

A generalist vendor copies the slide. They cannot copy the named record.

In the same conversation

  • National GO registries
  • Xpansiv
  • Not a public carbon coin

The bet

Why this company exists.

A national registry as counterpart is the whole company.

A national registry as counterpart is the whole company.

Corporate offtakers are being asked to prove what they bought. Registries lag. A dual record that the registry still owns is sellable.

GO and REC markets are measured in tens of billions. Ops software is a thin slice with high switching costs.

Versus the field

The incumbent brand sells the relationship. Larch Room 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.

The live path is Not offering — locked. Proposed Regulation Crypto Assets is not treated as a calendar slot. Build as if it never opens.

How it works

  1. 01A certificate that exists in a registry is evented here
  2. 02Delivery and retirement are visible to the offtaker
  3. 03The registry remains the legal source
  4. 04No public ‘carbon token’ sale on this pad
  5. 05Delivery and retirement are visible to the offtaker; the registry remains source
  6. 06A named counterparty verifies; Larch Room does not attest to its own facts.

In the same conversation as

  • National GO registries
  • Xpansiv
  • Not a public carbon coin

If they raise

Where the money would actually go.

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

  • Named operators

    38%

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

  • Claims & campaign ops

    27%

    The remaining certifications and the second named market.

  • Control environment

    20%

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

  • Certifications & adapters

    15%

    A counsel memo that can survive a later reader.

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. WedCounselPerimeter diffs. If the site drifted from the memo, the site moves — not the memo.
  3. SatDarkNo creators. No threads. Restricted geos stay dark.
  4. ThuCustomerNamed pilot (redacted) sees the same record the auditor saw.

The wedge

Why this one, not the other one.

They sell
Per certificate event
Who pays
A qualified custodian reconciling against this book.
Unit economics
They sell a fee the customer already pays a slower vendor for. TAM is that invoice, not a token float.
Moat on file
An offtaker has retired a certificate via this event.
Switching cost
Once the record is the record, the incumbent copy has to migrate history. That is the year.
Vs the comps
National GO registries are slow. That slowness is the budget.
Why we listed it
They did not lead with climate Twitter.

Next twelve months

What has to be true.

Counsel on commodity vs software — one memo.

Architecture says keys / title / NAV liability sit with a named licensed party — not Larch Room.

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

Traction

What you can verify today.

Founded 2021, headquartered in Boston. 2 named pilots on file (identities redacted in public). 9 nodes or connected surfaces reported. Desk diligence score 84/100. Sprint day 8 of 14. A qualified custodian reconciling against this book. Architecture says keys / title / NAV liability sit with a named licensed party — not Larch Room.

  • Operating notes for Inventory ledger
  • No token contract listed as a public sale
  • Pilot letters on file, identities redacted
  • Boston 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.”

  • Product78
  • Customers62
  • Legal path62
  • Tech maturity63
  • Demand50
  • Market access68

Risks

What can kill it.

The one that actually kills it

The founder wants a public book

The moment Larch Room 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.

Double count

If the registry and this ledger can both be sold, the product is a liability.

Green token

A freely traded climate token is usually a commodity or a security. This pad will not sell it.

Registry cooperation

Without the registry, this is a shadow certificate.

Policy

GO rules move. The product has to move with them, not ahead of them.

Double count

If the registry and this ledger can both be sold, Larch Room is a liability. Dual-record or nothing.

Incumbent feature

The administrator, CCP, scheme or custodian can ship this as a checkbox. Larch Room has to be cheaper or faster before that happens.

Ask these next

  1. 01Where do keys, title, or NAV liability sit — and is that person licensed?
  2. 02What happens if a founder later wants a public token?
  3. 03Is the waitlist demand for a product, or a queue for a coin?
  4. 04If RCA Pad disappeared tomorrow, could the customer still run the job?
  5. 05Which geography is actually locked, and which is a hope?
  6. 06Who can unpublish a public sentence in 24 hours, by name?

Structure

How money would actually move.

Sprint is diligence, not a raise. A pack at the end is a file the company can take to its own lawyers and investors. RCA Pad does not complete funding.

Entity
Larch Room Inc. · Delaware
Path on file
Not offering — locked
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.

  • United States professionalnamed
  • United Kingdomnamed
  • Global publicrestricted

Team

Who runs it.

  • Oskar VossChief executive
  • Kofi ReillyHead of product

Stack

  • Inventory ledger
  • Carbon inventories
  • Approval trail
  • Disclosure templates

Named with them

  • Meridian Tax

Who can decide

The technical founder is on the record as Head of product. Contractors in undisclosed jurisdictions are written down as a fact, not hidden. Facts can be managed. Hiding them is how companies die in diligence.

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

Claims with evidence

Statements with evidence.

StatementEvidenceStatus
Larch Room does not sell a token to the public on this padPosture locklive
The product is carbon inventories sold to institutionsArchitecture + customer typelive
Inventory ledger 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 committedDesk filedraft
No public token is sold on this padEngagement terms + posture locklive
Customers contemplated: United States professional, United KingdomNamed markets on the filelive

On the record

  1. Day 0 lockKick-offSep
  2. Claim inventoryPackSep
  3. Audience matrix draftPackSep

Operating log

  1. 11 Sep 16:41

    Workshop. Funnel has no purchase step.

  2. 08 Sep 09:00

    Kick-off. Exclusions recorded.

  3. 09 Sep 16:20

    A claim killed for missing evidence.

Path to now

  1. D0

    Kick-off

    Geographies, owners, SLA, exclusions.

  2. D14

    Read-out

    Accept the pack or stop.

Not a subscription

This is not a sale page.

Sprint is diligence, not a raise. A pack at the end is a file the company can take to its own lawyers and investors. RCA Pad does not complete funding. 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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