Three sovereign asset classes. One Basel III framework.

National conservation programmes securitised as sovereign ABS. The sovereign commits a defined area of conserved land and the cashflow rights attached: conservation fees, biodiversity units, nutrient-neutrality credits, water quality credits, ICVCM-aligned carbon stacking where applicable, and long-duration CSR offtake. Senior tranche carries OECD-sovereign backing and qualifies for Basel III Level 1 HQLA with 0% risk weight.

Sovereign forestry programmes securitised as appreciating ABS. Principal appreciates with biological mass over the rotation horizon (15–80 years by species). Timber harvest revenue stacked with annual carbon, biodiversity, and water revenue distributions. Programme ownership remains with the state; the SPV owns only the economic rights over the rotation period.

Sovereign carbon programmes securitised as ABS over national carbon registries and Article 6 Internationally Transferred Mitigation Outcomes (ITMOs). Aligned to ICVCM Core Carbon Principles and Paris Agreement Article 6 governance. The sovereign retains host-country authorisation rights; the SPV pools ITMO revenue for institutional holders.