The wedge
Warehouse seat
Maple Mere digitises a hold, not a commodity.
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
MAPP
Screened
SCREENEDPort titleMaple Mere
A named Johannesburg buyer is on the record. You are still reading the public page.
Inbound this week: 3. That is demand for a job someone already pays for — not a book.
Maple Mere — 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.
Screened, not yet in sprint. Treat every number as provisional. Calendar access is not automatic.
If you needed a reason to open diligence tonight: a short list other people already did.
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
upcoming
Window
0days
Heat
0/99
Inbound / wk
0asks
Asking now
0live
Named pilots
0
Still a question
Live nodes
0
Title chain
Counsel hours
0
Not offering — locked
Sentences killed
0
Before listing
Claims live
1/5
Sprint
Our cut
0%
Of any proceeds
Plate Lattice · 4846
MAPP
The plate
Lattice. Edition 4846.
A unique plate for Maple Mere. Geometry, orbit, and edition belong to this company — no other listing on the board shares it.
MAPP · Johannesburg · Port title
Score
0
Desk diligence
Pilots
0
None on file
Stage
upcoming
upcoming
HQ
Johannesburg
Trade-finance banks
Sells
Warehouse
Warehouse seat
Markets
0
Johannesburg
Years
0
Founded 2023
Surfaces
0
Title chain
Complete
0
File readiness
Why the desk took it
Early — still a question.
They brought a redacted bill, not a tokenised barrel.
Traction
No paying pilot on the public file.
Founded 2023, headquartered in Johannesburg. No named paying pilot on the file yet — that is the first question. 1 nodes or connected surfaces reported. Desk diligence score 62/100. An AIFM whose auditor has seen the dual-record. A dual-control drill exists on paper. We have not watched it live yet — that is the next ask.
Next 12 months
One financed shipment against this record.
Contour tried a network. This is an event on cargo that already moves. 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 first sentence Rafa Okoye would not let us publish was the exciting one. What remains is slower — and scarcer: Maple Mere Ltd selling Port title as software, from Johannesburg, to a buyer who already pays someone else to do this badly. That buyer is named. You are not, yet.
Maple Mere exists because the incumbent brand will not staff the unglamorous middle of Port title. The product is that middle. The token, if it ever exists, is not the product — and is not for sale here. The people in the queue already understood the difference.
A sentence went public and came down in under an hour. Rafa Okoye treated the kill as an operating skill, not a PR event. Files that cannot do this do not stay listed.
From the pilot
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 screen
Fixed fee. Deposit to start. 0% of proceeds. Token-only pay is declined. Percentage of raise is declined.
From ops
A dual-control drill exists on paper. Production evidence is the next artefact, not a tweet.
The window
Miss this and you read the archive.
Skip it and you read the archive. Counterparties who matter will have already asked.
Restricted markets stay dark. Named markets are live. That discipline is the scarce thing.
If you are a founder who wants a pack like this: apply. If you are a buyer: call them — not us.
Window remaining
0days
When this window closes, the campaign is archive.
- Sentences killed
- 6
- Counsel hours on file
- 9
- Asks / week
- 3
- Our cut
- 0% of proceeds
Our TAM is an invoice the customer already pays. A coin would not make it larger. It would make the licence harder.
This company
Maple Mere
Twelve Port title decks look the same. One of them has a Johannesburg 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.
Maple Mere digitises a hold, not a commodity.
Maple Mere 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
The incumbent brand sells the relationship. Maple Mere 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.
Named: Johannesburg. Off-limits: United States retail, United States. A US person hearing an offering communication is a US problem even if the company sits in Johannesburg. Blocking an IP and taking a US Telegram admin is not a block.
How it works
- 01A document that already exists is hashed and evented
- 02Title changes when the parties that already can change it say so
- 03Financiers see the state they are underwriting
- 04No public listing of the cargo as an asset
- 05Title changes only when the parties that already can change it say so
- 06A named counterparty verifies; Maple Mere does not attest to its own facts.
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.
Counsel & perimeter
29%
Keeping the public story from running ahead of the claims register.
Control environment
20%
Dual-control drills, key ceremonies, and the person who owns them.
Named operators
14%
Hiring the operator who already does this job at a licensed firm.
Claims & campaign ops
37%
The remaining certifications and the second named market.
Operating week
What “in market” actually looks like.
- WedCounselPerimeter diffs. If the site drifted from the memo, the site moves — not the memo.
- SatDarkNo creators. No threads. Restricted geos stay dark.
- ThuCustomerNamed pilot (redacted) sees the same record the auditor saw.
- MonClaimsEvery public sentence checked against the register. Anything extra is unpublished.
The wedge
Why this one, not the other one.
- They sell
- Warehouse seat
- Who pays
- An AIFM whose auditor has seen the dual-record.
- 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
- Once the record is the record, the incumbent copy has to migrate history. That is the year.
- Vs the comps
- Contour tried a network. This is an event on cargo that already moves.
- Why we listed it
- They brought a redacted bill, not a tokenised barrel.
Next twelve months
What has to be true.
One financed shipment against this record.
A dual-control drill exists on paper. We have not watched it live yet — that is the next ask.
Capital would fund the adapter work and a named counsel memo, not a public sale.
Traction
What you can verify today.
Founded 2023, headquartered in Johannesburg. No named paying pilot on the file yet — that is the first question. 1 nodes or connected surfaces reported. Desk diligence score 62/100. An AIFM whose auditor has seen the dual-record. A dual-control drill exists on paper. We have not watched it live yet — that is the next ask.
- Architecture paper — no production customer on the public file
- No token contract listed as a public sale
- Named founder; customer still a conversation
- Johannesburg 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.”
- Product19
- Customers18
- Legal path62
- Tech maturity31
- Demand10
- Market access44
Risks
What can kill it.
The one that actually kills it
Counsel is a slide
Unnamed counsel is how companies die in diligence. Not offering — locked has to be a memo you can file, not a slogan on the hero.
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.
Facts vs theatre
A proof of a fake book is still a fake book. Maple Mere has to attach to the real one, in Johannesburg.
Ask these next
- 01What happens if a founder later wants a public token?
- 02If RCA Pad disappeared tomorrow, could the customer still run the job?
- 03What does renewal look like if no round ever happens?
- 04Has counsel written the perimeter in a memo you can file?
- 05Which geography is actually locked, and which is a hope?
- 06Is the waitlist demand for a product, or a queue for a coin?
Structure
How money would actually move.
Too early to talk about a round on this pad. Screen first. A path has to be named by counsel before anyone should wire.
- Entity
- Maple Mere Ltd
- Path on file
- Not offering — locked
- Posture
- No public sale
- 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.
- Johannesburgnamed
- United States retailrestricted
- United Statesrestricted
Team
Who runs it.
- Rafa OkoyeChief executive
- Tomás KhanFinance
Stack
- Title chain
- Port title
- Approval trail
Named with them
- Northbridge Counsel
Who can decide
Rafa Okoye (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.
| Statement | Evidence | Status |
|---|---|---|
| Maple Mere does not sell a token to the public on this pad | Posture lock | live |
| The product is port title sold to institutions | Architecture + customer type | draft |
| Title chain is the method — not a listed asset | Paper only | draft |
| Retail buyers are out of scope | Named markets lock | live |
| Any raise completes with the issuer’s counsel and providers — not on RCA Pad | Fixed-fee terms | live |
| Pilot identities redacted in public | Desk file | draft |
| No public token is sold on this pad | Engagement terms + posture lock | live |
| Customers contemplated: Johannesburg | Named markets on the file | draft |
On the record
- Application APP-4498ScreenSep
- Counsel questionPathSep
Operating log
03 Sep 16:00
Application scored. Maple Mere is not a calendar slot.
10 Sep 10:12
Counsel question sent. Name a path or lock not-offering.
Path to now
Now
Screen
Calendar is never automatic.
Next
Counsel or close
A named path, or a locked not-offering.
Not a subscription
This is not a sale page.
Too early to talk about a round on this pad. Screen first. A path has to be named by counsel before anyone should wire. Founders who want a pack like this one apply. Readers who want the company talk to the company — not to this pad.
Other companies
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