The wedge
Per-onboarding event
Revocation is the product. Anyone can issue; almost no one can take it back.
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
VETV
In market
HOT WINDOWAttestationsVetch Field
A named Singapore buyer is on the record. You are still reading the public page.
Singapore is not a backdrop. It is the city where the customer can be called on a recorded line.
Vetch 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. 5,976 on the product waitlist — that is demand, not an allocation.
If you needed a reason to open diligence tonight: 5,976 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.
Waitlist
0
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
Singapore · counsel-named
Sentences killed
0
Before listing
Claims live
4/8
Growth
Our cut
0%
Of any proceeds
Plate Ledger · 4503
VETV
The plate
Ledger. Edition 4503.
A unique plate for Vetch Field. Geometry, orbit, and edition belong to this company — no other listing on the board shares it.
VETV · Singapore · Attestations
Score
0
Desk diligence
Pilots
0
Named, redacted
Waitlist
0
Product demand
HQ
Singapore
Fund administrators
Sells
Per-onboarding
Per-onboarding event
Markets
0
Singapore
Years
0
Founded 2021
Surfaces
0
W3C attestations
Complete
0
File readiness
Why the desk took it
A real job, not a ticker.
US retail identity was taken off before we asked.
Traction
4 named pilots (redacted).
Founded 2021, headquartered in Singapore. 4 named pilots on file (identities redacted in public). 5,976 on the waitlist, gated — product demand, not a book built. 22 nodes or connected surfaces reported. Desk diligence score 92/100. 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 TA consuming revoke in production.
Onfido is for people at the door. This is for funds already inside. They win if they are cheaper than the internal build, not cheaper than a protocol.
The brief
How a serious reader should hold this.
Most Attestations 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.
If you leave this page without opening the claims table, you have read marketing. The scarce version of Vetch Field is the version that survives counsel. It is on a clock.
US traffic was taken off the public surfaces in the first working session. Vetch Field did not argue. Adult companies do not costume a US offering.
From the founder
Fixed fee. Deposit to start. 0% of proceeds. Token-only pay is declined. Percentage of raise is declined.
From ops
The legal source of truth stays with the incumbent register, admin, or custodian. Vetch Field does not attest to its own facts.
From counsel
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.
The next Attestations company on this board will not have this waitlist, this HQ, or this counsel posture.
Budget exists on a line the board can see. That is why the window is this quarter.
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
- 16
- Counsel hours on file
- 76
- Asks / week
- 747
- 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.
This company
Vetch Field
Not the incumbent brand. Vetch Field sells the job the brand will not staff.
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: Singapore, Hong Kong professional. Off-limits: Mainland China retail, United States. A US person hearing an offering communication is a US problem even if the company sits in Singapore. Blocking an IP and taking a US Telegram admin is not a block.
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
- 06Kill of a public sentence is an hour, not a committee.
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.
Named operators
28%
A counsel memo that can survive a later reader.
Claims & campaign ops
26%
Hiring the operator who already does this job at a licensed firm.
Control environment
14%
Keeping the public story from running ahead of the claims register.
Certifications & adapters
32%
Adapter work against the incumbent register, admin, or custodian.
Operating week
What “in market” actually looks like.
- MonClaimsEvery public sentence checked against the register. Anything extra is unpublished.
- TueExceptionsOvernight breaks post back into the customer’s case system. No side book.
- FriKill switchRehearse unpublish in 24 hours. If it takes a committee, it is not a switch.
- WedCounselPerimeter diffs. If the site drifted from the memo, the site moves — not the memo.
The wedge
Why this one, not the other one.
- They sell
- Per-onboarding event
- Who pays
- An AIFM whose auditor has seen the dual-record.
- Unit economics
- They win if they are cheaper than the internal build, not cheaper than a protocol.
- Moat on file
- The attester is a party the recipient already trusts — not Vetch Field.
- Switching cost
- Permissioned connectivity is the moat. Public endpoints would erase it.
- 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.
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.
Capital would fund the adapter work and a named counsel memo, not a public sale.
Traction
What you can verify today.
Founded 2021, headquartered in Singapore. 4 named pilots on file (identities redacted in public). 5,976 on the waitlist, gated — product demand, not a book built. 22 nodes or connected surfaces reported. Desk diligence score 92/100. 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.
- Operating notes for W3C attestations
- No token contract listed as a public sale
- Pilot letters on file, identities redacted
- Singapore 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.”
- Product80
- Customers96
- Legal path84
- Tech maturity94
- Demand70
- Market access68
Risks
What can kill it.
The one that actually kills it
The named customer is a letter of intent
Pilots that cannot be named, even redacted, are theatre. One paying seat that an auditor has seen is worth more than a waitlist of 5,976.
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 Vetch Field is the attester, this is a database with extra steps. The graph only matters if someone else signs.
Single-customer gravity
If the first named buyer is also the only buyer, Vetch Field is a services shop with a ledger. Ask for the second.
Ask these next
- 01What happens if a founder later wants a public token?
- 02Where do keys, title, or NAV liability sit — and is that person licensed?
- 03Is the waitlist demand for a product, or a queue for a coin?
- 04If RCA Pad disappeared tomorrow, could the customer still run the job?
- 05Which geography is actually locked, and which is a hope?
- 06What does renewal look like if no round ever happens?
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
- Vetch Field Pte. Ltd.
- Path on file
- Singapore · 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.
- Singaporenamed
- Hong Kong professionalnamed
- Mainland China retailrestricted
- United Statesrestricted
Team
Who runs it.
- Amira KrügerChief executive
Stack
- W3C attestations
- Attestations
- Audit log
- Disclosure templates
Named with them
- Northbridge Counsel
- Clearline
- Meridian Tax
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, Vetch Field is a services firm with a slide. The twelve-month test is renewal, not waitlist.
Claims with evidence
Statements with evidence.
| Statement | Evidence | Status |
|---|---|---|
| Vetch 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 | No board minute | draft |
| No public token is sold on this pad | Engagement terms + posture lock | live |
| Customers contemplated: Singapore, Hong Kong professional | Named markets on the file | live |
On the record
- Sprint packPackJun
- Counsel lockPathJul
- Claims register liveRegisterAug
- Creator briefBriefSep
Operating log
11 Sep 09:45
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.
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.