NATDAQ is the sovereign-issued, Basel III-gradeinstitutional market for natural capital. We structure national natural resources — conservation, forestry, and carbon — into finance-ready sovereign assets, and connect them to the institutional capital and credit markets at the scale those markets need. The natural resource stays on the sovereign balance sheet. Only the cashflow rights are securitised. The wealth stays with the nation.
Only OECD-qualifying sovereign governments can issue. No private operators at the senior tranche.
Senior sovereign tranches qualify for Level 1 HQLA with 0% risk weight — the scale capital markets need.
Natural resources remain on the national balance sheet. Only the cashflow rights are securitised.
All NATDAQ-listed instruments are sovereign-issued, AiGLe-scored, and qualify under Basel III as Level 1 HQLA with 0% risk weight on senior tranches. No private issuance. No commercial operators. The scale the capital markets need; the sovereign balance sheet stays intact.
Sovereigns hold the largest unpriced asset base on earth — forests, wetlands, coastlines, biodiversity, carbon sinks, freshwater. Traditional capital markets can’t finance them: the asset is illiquid, the title can’t be sold, and the cashflows are unstructured.
NATDAQ structures the economic rights of those natural resources into sovereign-issued, AiGLe-scored Basel III securities. The asset stays on the national balance sheet. The sovereign retains full ownership and operational control. Institutional capital flows in; ecosystem revenue flows back.
Sovereign government submits a national conservation, forestry, or carbon programme.
Programme cashflow rights structured into a sovereign SPV; senior tranche sized for AAA HQLA eligibility.
Four-pillar CFFI framework. Senior sovereign tranche = AAA. Basel III Level 1 HQLA eligible.
Scored tranche listed on NATDAQ with surveillance commitments attached.
Capital from central banks, SWFs, pension funds, insurers. Budget spend replaced by institutional financing.
Only OECD-qualifying sovereign governments can issue on NATDAQ. No private operators; no commercial biodiversity managers. The senior tranche is sovereign credit, not corporate credit.
Senior tranches are AAA-scored, Level 1 HQLA eligible, and carry a 0% Basel III risk weight. The capital treatment institutional markets need to deploy at scale.
The natural resource stays on the sovereign balance sheet at full value. Only the economic rights are securitised. No loss of title, no transfer of ownership, no encumbrance of sovereign assets.
Institutional capital flows in; ecosystem revenue flows back through the stack to the sovereign, the programme managers, the communities, and the ecosystems on the ground.