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

OSIH

In diligence
IN MOTIONRoyalty admin

Osier Yard

Window a fewd · waitlist a short list · our cut 0%. Do the maths.

Pilots are named and redacted. The waitlist is not. a short list people already asked.

Osier Yard — 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 10). This is when the story, the customers and the legal path get written down — or the file stops.

14 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.

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

Rights ledger

Counsel hours

0

Not offering — locked

Sentences killed

0

Before listing

Claims live

4/10

Sprint

Our cut

0%

Of any proceeds

Plate Signal · 9327

OSIH

The plate

Signal. Edition 9327.

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

OSIH · Johannesburg · Royalty admin

Score

0

Desk diligence

Pilots

0

Named, redacted

Sprint

0

Day 10 of 14

HQ

Johannesburg

Producers

Sells

Offtaker

Offtaker portal

Markets

0

Johannesburg

Years

0

Founded 2024

Surfaces

0

Rights ledger

Complete

0

File readiness

The wedge

Offtaker portal

A national registry as counterpart is the whole company.

Why the desk took it

A real job, not a ticker.

Registry cooperation is in writing, even if early.

Traction

2 named pilots (redacted).

Founded 2024, headquartered in Johannesburg. 2 named pilots on file (identities redacted in public). 8 nodes or connected surfaces reported. Desk diligence score 76/100. Sprint day 10 of 14. A treasurer at a bank that already settles — not a crypto-native desk. A dual-control drill exists on paper. We have not watched it live yet — that is the next ask.

Next 12 months

Still dual-record with the registry.

A public carbon coin is a commodity or a security. This pad will not sell it. They win if they are cheaper than the internal build, not cheaper than a protocol.

The brief

How a serious reader should hold this.

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

What you can verify today is smaller than the slide. What you cannot verify is named as a question, not a promise. That is the difference between this company and a pad listing — and why the waitlist is not a coin queue.

On a Tuesday in Johannesburg, 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

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

From the pilot

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

From the screen

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.

The comment period is not a path. This company is priced as if that is already true.

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
15
Counsel hours on file
31
Asks / week
33
Our cut
0% of proceeds

If RCA Pad ever asked for a cut of a raise, we would walk. That is in the first email.

Marcus Adeyemi, Chief executive

This company

Osier Yard

Open-source looks free until the auditor asks who attests. Osier Yard has an answer.

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

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

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. 06The legal source of truth stays with the incumbent register, admin, or custodian.

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.

  • Second market

    36%

    A counsel memo that can survive a later reader.

  • Named operators

    23%

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

  • Certifications & adapters

    17%

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

  • Claims & campaign ops

    24%

    Dual-control drills, key ceremonies, and the person who owns them.

Operating week

What “in market” actually looks like.

  1. TueExceptionsOvernight breaks post back into the customer’s case system. No side book.
  2. ThuCustomerNamed pilot (redacted) sees the same record the auditor saw.
  3. WedCounselPerimeter diffs. If the site drifted from the memo, the site moves — not the memo.
  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
Offtaker portal
Who pays
A treasurer at a bank that already settles — not a crypto-native desk.
Unit economics
They win if they are cheaper than the internal build, not cheaper than a protocol.
Moat on file
A national registry is a counterpart, not a scrape.
Switching cost
The customer’s auditor has seen this book. Switching means a new auditor conversation.
Vs the comps
A public carbon coin is a commodity or a security. This pad will not sell it.
Why we listed it
Registry cooperation is in writing, even if early.

Next twelve months

What has to be true.

Still dual-record with the registry.

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

Growth money would extend the record to a second geography, still permissioned.

Traction

What you can verify today.

Founded 2024, headquartered in Johannesburg. 2 named pilots on file (identities redacted in public). 8 nodes or connected surfaces reported. Desk diligence score 76/100. Sprint day 10 of 14. A treasurer at a bank that already settles — not a crypto-native desk. A dual-control drill exists on paper. We have not watched it live yet — that is the next ask.

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

  • Product69
  • Customers62
  • Legal path62
  • Tech maturity60
  • Demand58
  • 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.

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, Osier Yard is a liability. Dual-record or nothing.

Single-customer gravity

If the first named buyer is also the only buyer, Osier Yard is a services shop with a ledger. Ask for the second.

Ask these next

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

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
Osier Yard 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
  • Global publicrestricted

Team

Who runs it.

  • Marcus AdeyemiChief executive

Stack

  • Rights ledger
  • Royalty admin
  • Takedown SLA
  • Audit log

Named with them

  • Northbridge Counsel
  • Helix Audit

Who can decide

The technical founder is on the record as engineering. 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, Osier Yard is a services firm with a slide. The twelve-month test is renewal, not waitlist.

Claims with evidence

Statements with evidence.

StatementEvidenceStatus
Osier Yard does not sell a token to the public on this padPosture locklive
The product is royalty admin sold to institutionsArchitecture + customer typelive
Rights 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
Pilot identities redacted in publicNo board minutedraft
No public token is sold on this padEngagement terms + posture locklive
Customers contemplated: JohannesburgNamed markets on the filelive

On the record

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

Operating log

  1. 11 Sep 12:21

    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

Other companies

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