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

LNTL

Closed
CLOSEDAttestations

Lintel

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

You can open twelve thinner companies. Or this one, once, while the window is still a number.

Lintel — An attestation graph: a fund or investor proves one fact (accredited, name, share-class) to a transfer agent or administrator without handing over the whole file. Selective disclosure is the product.

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

W3C attestations

Counsel hours

0

Ireland · closed private round

Sentences killed

0

Before listing

Claims live

0/9

Build

Our cut

0%

Of any proceeds

Plate Lattice · 2858

LNTL

The plate

Lattice. Edition 2858.

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

LNTL · Dublin · Attestations

Score

0

Desk diligence

Pilots

0

Named, redacted

Stage

completed

completed

HQ

Dublin

Fund administrators

Sells

TA

TA integration

Markets

0

Ireland

Years

0

Founded 2022

Surfaces

0

W3C attestations

Complete

0

File readiness

The wedge

TA integration

Revocation is the product. Anyone can issue; almost no one can take it back.

Why the desk took it

A real job, not a ticker.

US retail identity was taken off before we asked.

Traction

3 named pilots (redacted).

Founded 2022, headquartered in Dublin. 3 named pilots on file (identities redacted in public). 22 nodes or connected surfaces reported. Desk diligence score 91/100. Two licensed PSPs on a paid pilot — identities off the public file. A dual-control drill exists on paper. We have not watched it live yet — that is the next ask.

Next 12 months

One TA consuming revoke in production.

A ‘passport token’ is usually a security in costume. 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.

Before the waitlist, before the window, there was a refusal. Lintel would not let a public sale sit on this page. That is why a company in Attestations is listed here at all — and why the people who wanted a coin left, and the people who wanted the product stayed.

Read this as an operating company, not a round. Counsel has a posture: Ireland · closed private round. Restricted markets stay dark. RCA Pad takes 0% if they ever raise. That combination is why inbound did not need a ticker.

On a Tuesday in Dublin, 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 ops

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

From the screen

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.

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.

0% of proceeds. Fixed fee. The incentive is a clean campaign — not a raise.

If you are a founder who wants a pack like this: apply. If you are a buyer: call them — not us.

Window

Closed

Closed. History only — not a place to buy.

Sentences killed
16
Counsel hours on file
30
Asks / week
3
Our cut
0% of proceeds

Kill the public sentence in an hour or do not list us. We can do the hour.

Hannah Okafor, Chief executive

This company

Lintel

The copycats will arrive after certification. That is why the window is now.

In the same conversation

  • Onfido / Jumio for people
  • Fund-admin KYC teams
  • W3C attestations
  • Not a ‘passport token’

The bet

Why this company exists.

Revocation is the product. Anyone can issue; almost no one can take it back.

Revocation is the product. Anyone can issue; almost no one can take it back.

Transfer agents and AIFMs are being asked for faster onboarding without becoming identity companies. Attestations they can revoke are the compromise.

Fund onboarding cost is a known line item. A 20–40% cut in cycle time is a budget, not a vision deck.

Versus the field

A generalist vendor can copy the slide in a quarter. They cannot copy the named record, the scheme map, or the auditor conversation. That is the year they would have to buy.

Named: Ireland, EEA professional. Off-limits: Global public. A US person hearing an offering communication is a US problem even if the company sits in Dublin. Blocking an IP and taking a US Telegram admin is not a block.

How it works

  1. 01A fact is attested by a party the recipient already trusts
  2. 02The holder discloses only the field requested
  3. 03The rest of the file stays dark
  4. 04Revocation is a first-class event
  5. 05The recipient never sees the rest of the file — selective disclosure is enforced, not promised
  6. 06Retail and unnamed geographies are structurally off the form, not only in the footer.

In the same conversation as

  • Onfido / Jumio for people
  • Fund-admin KYC teams
  • W3C attestations
  • Not a ‘passport token’

If they raise

Where the money would actually go.

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

  • Counsel & perimeter

    33%

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

  • Claims & campaign ops

    28%

    A counsel memo that can survive a later reader.

  • Certifications & adapters

    14%

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

  • Second market

    25%

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

Operating week

What “in market” actually looks like.

  1. TueExceptionsOvernight breaks post back into the customer’s case system. No side book.
  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. FriKill switchRehearse unpublish in 24 hours. If it takes a committee, it is not a switch.

The wedge

Why this one, not the other one.

They sell
TA integration
Who pays
Two licensed PSPs on a paid pilot — identities off the public file.
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
A transfer agent has agreed to consume the attestation in production.
Switching cost
Permissioned connectivity is the moat. Public endpoints would erase it.
Vs the comps
A ‘passport token’ is usually a security in costume.
Why we listed it
US retail identity was taken off before we asked.

Next twelve months

What has to be true.

One TA consuming revoke in production.

A dual-control drill exists on paper. We have not watched it live yet — that is the next ask.

They have not asked us to run a sale. That ask would close the file.

Traction

What you can verify today.

Founded 2022, headquartered in Dublin. 3 named pilots on file (identities redacted in public). 22 nodes or connected surfaces reported. Desk diligence score 91/100. Two licensed PSPs on a paid pilot — identities off the public file. A dual-control drill exists on paper. We have not watched it live yet — that is the next ask.

  • Operating notes for W3C attestations
  • No token contract listed as a public sale
  • Named founder; customer still a conversation
  • Dublin 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
  • Customers84
  • Legal path84
  • Tech maturity94
  • 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.

Who attests

If the attester is the company itself, this is a database with extra steps.

Portability theatre

A graph nobody else reads is a PDF with a hash.

US

US retail identity products are a different statute. Many of these files keep the US off.

Utility token

Paying for attestations in a native token is usually a securities problem in costume.

Self-attestation

If Lintel is the attester, this is a database with extra steps. The graph only matters if someone else signs.

Path silence

If counsel will not name a path and not-offering is not locked, heated waitlist copy is an accidental offering.

Ask these next

  1. 01Is the waitlist demand for a product, or a queue for a coin?
  2. 02Which geography is actually locked, and which is a hope?
  3. 03Which incumbent can copy this in a quarter, and what would they have to migrate?
  4. 04Who can unpublish a public sentence in 24 hours, by name?
  5. 05What happens if a founder later wants a public token?
  6. 06Has counsel written the perimeter in a memo you can file?

Structure

How money would actually move.

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

Entity
Lintel DAC
Path on file
Ireland · closed private round
Posture
Window closed
Pack
Build

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.

  • Irelandnamed
  • EEA professionalnamed
  • Global publicrestricted

Team

Who runs it.

  • Hannah OkaforChief executive

Stack

  • W3C attestations
  • Attestations
  • Disclosure templates
  • Takedown SLA

Named with them

  • Northbridge Counsel
  • Helix Audit
  • Clearline

Who can decide

Hannah 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.

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

Claims with evidence

Statements with evidence.

StatementEvidenceStatus
Lintel does not sell a token to the public on this padPosture lockwithdrawn
The product is attestations sold to institutionsArchitecture + customer typewithdrawn
W3C attestations 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
Production date for the chain layer is not committedDesk filewithdrawn
No public token is sold on this padEngagement terms + posture lockwithdrawn
Customers contemplated: Ireland, 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

    Lintel 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

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.