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

OSIX

In market
IN MARKETFund NAV

Osier House

Pilots named (redacted). Waitlist not. 764 names. Your move.

Heat 55. Window a fewd. If you are going to read one Fund NAV company, this is the one.

Osier House — An operational layer for funds: NAV events, share-class records, books an AIFM can defend. The administrator remains the administrator. This is co-sourced infrastructure, not a tokenised fund on a public board.

Live campaign. 764 on the product waitlist — that is demand, not an allocation.

7 live counterparties in the thread. The public page is the overflow.

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

Fund-admin adapters

Counsel hours

0

Lisbon · counsel-named

Sentences killed

0

Before listing

Claims live

8/10

Build

Our cut

0%

Of any proceeds

Plate Concentric · 3982

OSIX

The plate

Concentric. Edition 3982.

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

OSIX · Lisbon · Fund NAV

Score

0

Desk diligence

Pilots

0

Named, redacted

Waitlist

0

Product demand

HQ

Lisbon

Fund administrators

Sells

Per

Per NAV event

Markets

0

Lisbon

Years

0

Founded 2022

Surfaces

0

Fund-admin adapters

Complete

0

File readiness

The wedge

Per NAV event

Osier House sells a 15-day lag down to a day, without turning the unit into a coin.

Why the desk took it

A real job, not a ticker.

The admin of record is named, even if redacted here.

Traction

2 named pilots (redacted).

Founded 2022, headquartered in Lisbon. 2 named pilots on file (identities redacted in public). 764 on the waitlist, gated — product demand, not a book built. 11 nodes or connected surfaces reported. Desk diligence score 86/100. An AIFM whose auditor has seen the dual-record. Counsel is named, even if the memo is still a draft. Unnamed counsel is how files die.

Next 12 months

No public ‘buy the token’ language anywhere they touch.

Citi TA will not be replaced. It might consume this. Per-event pricing so a pilot can start without a transformation programme.

The brief

How a serious reader should hold this.

Most Fund NAV decks start with a market size. This one starts with a job: a person at a licensed firm, a record they cannot currently prove, and a calendar that does not wait for a proposed US rule. The calendar is the window. The window is the scarce thing.

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

A sentence went public and came down in under an hour. Yara Krüger treated the kill as an operating skill, not a PR event. Files that cannot do this do not stay listed.

From the founder

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.

From the pilot

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

From ops

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

The window

Miss this and you read the archive.

Attention is the scarce asset. 46 asks this week are already spending it.

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
7
Counsel hours on file
37
Asks / week
96
Our cut
0% of proceeds

The waitlist is people who want the product. If they wanted a coin they would be on a different pad.

Yara Krüger, Chief executive

This company

Osier House

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

In the same conversation

  • SS&C
  • Apex
  • Citi TA
  • Not a public tokenised fund

The bet

Why this company exists.

Osier House sells a 15-day lag down to a day, without turning the unit into a coin.

Osier House sells a 15-day lag down to a day, without turning the unit into a coin.

Allocators want faster marks. Administrators cannot staff that with people. A dual-record (their books + this event) is how they sleep.

Fund administration is a fee business measured in basis points of AUM. A faster close is retained business.

Versus the field

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

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

How it works

  1. 01Administrator remains source of truth
  2. 02Events (NAV, subscription, share-class) are signed and timestamped
  3. 03Investors and auditors query what they are allowed to see
  4. 04The fund unit is not listed here as a token you can buy
  5. 05Investors and auditors query only what they are allowed to see
  6. 06The legal source of truth stays with the incumbent register, admin, or custodian.

In the same conversation as

  • SS&C
  • Apex
  • Citi TA
  • Not a public tokenised fund

If they raise

Where the money would actually go.

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

  • Certifications & adapters

    37%

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

  • Control environment

    21%

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

  • Counsel & perimeter

    20%

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

  • Second market

    22%

    The remaining certifications and the second named market.

Operating week

What “in market” actually looks like.

  1. TueExceptionsOvernight breaks post back into the customer’s case system. No side book.
  2. SunOwnersWho can decide messaging and budget on a recorded line. If the answer is nobody, stop.
  3. ThuCustomerNamed pilot (redacted) sees the same record the auditor saw.
  4. SatDarkNo creators. No threads. Restricted geos stay dark.

The wedge

Why this one, not the other one.

They sell
Per NAV event
Who pays
An AIFM whose auditor has seen the dual-record.
Unit economics
Per-event pricing so a pilot can start without a transformation programme.
Moat on file
Named administrator on the engagement letter.
Switching cost
Network effects only if a second named counterparty writes. One customer is a service firm.
Vs the comps
Citi TA will not be replaced. It might consume this.
Why we listed it
The admin of record is named, even if redacted here.

Next twelve months

What has to be true.

No public ‘buy the token’ language anywhere they touch.

Counsel is named, even if the memo is still a draft. Unnamed counsel is how files die.

If they raise, it is to hire the remaining certifications and the second market — not to float a coin.

Traction

What you can verify today.

Founded 2022, headquartered in Lisbon. 2 named pilots on file (identities redacted in public). 764 on the waitlist, gated — product demand, not a book built. 11 nodes or connected surfaces reported. Desk diligence score 86/100. An AIFM whose auditor has seen the dual-record. Counsel is named, even if the memo is still a draft. Unnamed counsel is how files die.

  • Operating notes for Fund-admin adapters
  • No token contract listed as a public sale
  • Pilot letters on file, identities redacted
  • Lisbon 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.”

  • Product66
  • Customers78
  • Legal path84
  • Tech maturity79
  • Demand44
  • Market access68

Risks

What can kill it.

The one that actually kills it

The founder wants a public book

The moment Osier House 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.

Unit token

A share-class token sold to the public is a securities offering. This pad will not run that as a sale.

Admin of record

If the admin has not signed, this is a shadow book. Shadow books do not survive an audit.

NAV liability

Who is wrong when the number is wrong? That sentence has to exist.

Distribution

Using this layer as a public subscription journey is a different file — and usually the wrong house.

Shadow book

If the administrator has not signed, Osier House is a copy of a spreadsheet. Copies do not survive the audit.

Facts vs theatre

A proof of a fake book is still a fake book. Osier House has to attach to the real one, in Lisbon.

Ask these next

  1. 01Is the waitlist demand for a product, or a queue for a coin?
  2. 02Who can unpublish a public sentence in 24 hours, by name?
  3. 03Where do keys, title, or NAV liability sit — and is that person licensed?
  4. 04What does renewal look like if no round ever happens?
  5. 05Which incumbent can copy this in a quarter, and what would they have to migrate?
  6. 06If RCA Pad disappeared tomorrow, could the customer still run the job?

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
Osier House Ltd
Path on file
Lisbon · counsel-named
Posture
No public sale
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.

  • Lisbonnamed
  • United Kingdomnamed
  • Global publicrestricted
  • United Statesrestricted

Team

Who runs it.

  • Yara KrügerChief executive

Stack

  • Fund-admin adapters
  • Fund NAV
  • Audit log
  • Disclosure templates

Named with them

  • Helix Audit
  • Clearline
  • Meridian Tax

Who can decide

Yara Krüger came in named. The team is not a handle. Osier House Ltd exists, founded 2022, headquartered in Lisbon. Anonymity would have been an automatic decline.

A second counterparty writing into the record is the only network effect that counts. One customer is a consultancy. Two is a market.

Claims with evidence

Statements with evidence.

StatementEvidenceStatus
Osier House does not sell a token to the public on this padPosture locklive
The product is fund nav sold to institutionsArchitecture + customer typelive
Fund-admin adapters 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
Pilot identities redacted in publicNo board minutedraft
No public token is sold on this padEngagement terms + posture locklive
Customers contemplated: Lisbon, United KingdomNamed 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 09:29

    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

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