VELMVellum Protocol8,420 waitlist KITEKite Ledger2,190 waitlist PLSDPalisade ID1,640 waitlist NRTLNorthlineDay 8 of 14 SABLSable RailDay 5 of 14 QULLQuill MarketsDay 11 of 14 CDWLCinder Well6,947 waitlist HRTNHartline8,787 waitlist OBSNObsidian Rail4,416 waitlist FENLFen Clearing1,060 waitlist LUMNLumen Books5,510 waitlist RDCTRedact ID6,485 waitlist HRBNHarbor NAV6,973 waitlist QLTDQuilt1,876 waitlist NMBMNimbus Match7,864 waitlist BRASBrass4,166 waitlist SLSTSolstice Credit9,342 waitlist WLTRWillow Transfer7,031 waitlist EMBREmber Registry2,487 waitlist NQAYNorth Quay2,013 waitlist KLNSKiln4,412 waitlist GLSHGlass HouseDay 8 of 14 IRNPIron PierDay 1 of 14 PLFRPale FireDay 3 of 14 VELMVellum Protocol8,420 waitlist KITEKite Ledger2,190 waitlist PLSDPalisade ID1,640 waitlist NRTLNorthlineDay 8 of 14 SABLSable RailDay 5 of 14 QULLQuill MarketsDay 11 of 14 CDWLCinder Well6,947 waitlist HRTNHartline8,787 waitlist OBSNObsidian Rail4,416 waitlist FENLFen Clearing1,060 waitlist LUMNLumen Books5,510 waitlist RDCTRedact ID6,485 waitlist HRBNHarbor NAV6,973 waitlist QLTDQuilt1,876 waitlist NMBMNimbus Match7,864 waitlist BRASBrass4,166 waitlist SLSTSolstice Credit9,342 waitlist WLTRWillow Transfer7,031 waitlist EMBREmber Registry2,487 waitlist NQAYNorth Quay2,013 waitlist KLNSKiln4,412 waitlist GLSHGlass HouseDay 8 of 14 IRNPIron PierDay 1 of 14 PLFRPale FireDay 3 of 14

NETV

In market

IN MARKETAttestations

Nettle Field

Most of Attestations died in the screen. Nettle Field did not.

A dual-control drill is on paper. A named licensed party holds the liability. That is rarer than a waitlist.

Nettle Field — 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.

Live campaign. 4,203 on the product waitlist — that is demand, not an allocation.

Archive is free. Live access is timed. Nettle Field is timed.

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

Window

Closed

Heat

0/99

Inbound / wk

0asks

Asking now

0live

Named pilots

Redacted on the public page

Live nodes

W3C attestations

Counsel hours

United States professional · counsel-named

Sentences killed

Before listing

Claims live

8/13

Growth

Our cut

Of any proceeds

Plate Orbit · 4485

NETV

The plate

Orbit. Edition 4485.

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

NETV · Boston · Attestations

Score

Desk diligence

Pilots

Named, redacted

Waitlist

Product demand

Boston

Fund administrators

Sells

TA integration

Markets

United States professional

Years

Founded 2024

Surfaces

W3C attestations

Complete

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 2024, headquartered in Boston. 3 named pilots on file (identities redacted in public). 4,203 on the waitlist, gated — product demand, not a book built. 19 nodes or connected surfaces reported. Desk diligence score 86/100. An AIFM whose auditor has seen the dual-record. A redacted engagement letter landed in week one. That is why the desk took the meeting.

Next 12 months

Liability sentence in writing: who is wrong when a fact is wrong.

Onfido is for people at the door. This is for funds already inside. Annual software against an ops cost the board can see. Switching cost is the record, not the brand.

The brief

How a serious reader should hold this.

Boston is not a backdrop. It is the jurisdiction where a named customer can be sued, called, and asked a question on a recorded line. Nettle Field chose it for that reason. Counterparties who still think this is a ‘global’ story are already late.

The bet is narrow. A named Boston buyer already has budget for this invoice. Nettle Field 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 sentence went public and came down in under an hour. Ines Mbeki treated the kill as an operating skill, not a PR event. Files that cannot do this do not stay listed.

From the screen

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

From the founder

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

From ops

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.

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

4,203 people did not join a waitlist for a ticker. They joined for a job.

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: 14
Counsel hours on file: 34
Asks / week: 525
Our cut: 0% of proceeds

The decline pile is a compliment. It means the screen still means something.
Ines Mbeki, Chief executive

This company

Nettle Field

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

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.

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

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

The live path is United States professional · counsel-named. Proposed Regulation Crypto Assets is not treated as a calendar slot. Build as if it never opens.

How it works

01A fact is attested by a party the recipient already trusts
02The holder discloses only the field requested
03The rest of the file stays dark
04Revocation is a first-class event
05The recipient never sees the rest of the file — selective disclosure is enforced, not promised
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.

Control environment
29%
Dual-control drills, key ceremonies, and the person who owns them.
Second market
25%
Keeping the public story from running ahead of the claims register.
Certifications & adapters
17%
Hiring the operator who already does this job at a licensed firm.
Claims & campaign ops
29%
Adapter work against the incumbent register, admin, or custodian.

Operating week

What “in market” actually looks like.

FriKill switchRehearse unpublish in 24 hours. If it takes a committee, it is not a switch.
SunOwnersWho can decide messaging and budget on a recorded line. If the answer is nobody, stop.
MonClaimsEvery public sentence checked against the register. Anything extra is unpublished.
TueExceptionsOvernight breaks post back into the customer’s case system. No side book.

The wedge

Why this one, not the other one.

They sell: TA integration
Who pays: An AIFM whose auditor has seen the dual-record.
Unit economics: Annual software against an ops cost the board can see. Switching cost is the record, not the brand.
Moat on file: A transfer agent has agreed to consume the attestation in production.
Switching cost: Scheme maps, ISO, LMA language, registry adapters — eighteen months of unglamorous work.
Vs the comps: Onfido is for people at the door. This is for funds already inside.
Why we listed it: US retail identity was taken off before we asked.

Next twelve months

What has to be true.

Liability sentence in writing: who is wrong when a fact is wrong.

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

A round, if any, sits with their providers. This pad does not take the order.

Traction

What you can verify today.

Operating notes for W3C attestations
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.”

Product77
Customers96
Legal path84
Tech maturity94
Demand61
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. United States professional · counsel-named has to be a memo you can file, not a slogan on the hero.

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

Facts vs theatre

A proof of a fake book is still a fake book. Nettle Field has to attach to the real one, in Boston.

Ask these next

01Who is the first named paying customer — not a letter of intent?
02Who can unpublish a public sentence in 24 hours, by name?
03Has counsel written the perimeter in a memo you can file?
04What does renewal look like if no round ever happens?
05Which geography is actually locked, and which is a hope?
06Where do keys, title, or NAV liability sit — and is that person licensed?

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: Nettle Field Inc. · Delaware
Path on file: United States professional · 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.

United States professionalnamed
Public residual claimsrestricted

Team

Who runs it.

Ines MbekiChief executive
Elena ParkMarkets

Stack

W3C attestations
Attestations
Audit log
Disclosure templates

Named with them

Helix Audit
Clearline

Who can decide

Ines Mbeki came in named. The team is not a handle. Nettle Field Inc. · Delaware exists, founded 2024, headquartered in Boston. Anonymity would have been an automatic decline.

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
Nettle Field does not sell a token to the public on this pad	Posture lock	live
The product is attestations sold to institutions	Architecture + customer type	live
W3C attestations is the method — not a listed asset	Desk snapshot	live
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: United States professional	Named markets on the file	live

On the record

Sprint packPackJun
Counsel lockPathJul
Claims register liveRegisterAug
Creator briefBriefSep

Operating log

11 Sep 09:21
Takedown SLA idle-tested.
08 Sep 11:40
A claim held for missing evidence.
04 Sep 08:22
Weekly report issued to the desk.
01 Sep 14:08
Creator set on disclosure. No buy language.

Path to now

Sprint
Pack accepted
Narrative, matrix, claims locked.
Path
Counsel names it
Or the file stays not-offering.
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

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