High yield for generations.
Abundant land earns yield for generations. Two layers fund the transition, the land and the company that does the work, and the communities that steward it share in what it produces.
Bring land to stability, and earn bond-grade yields.
Transition infrastructure bonds, secured by regional or government vehicles, fund the transition from degraded to self-sustaining. Once stabilised, diversified output revenue delivers predictable yields in the 6 to 10% range, backed by real infrastructure and contracted buyers. The Transition Facility deploys first, packaging state grants and cost-share, corporate pre-purchase, and development finance to de-risk the development phase. Bond coupons are paid from a reserve funded at close, so distributions never depend on year-one cash. The bond refinances the facility out at stabilisation, and institutional capital never carries biological risk.
Bonds or blended-finance facilities fund physical infrastructure on specific land, pyrolysis units, anaerobic digesters, agroforestry plantings. The land produces real outputs sold to contracted buyer classes: municipal water systems replacing imported activated carbon, energy buyers taking biomass and biogas, farms, ranches, and feedlots taking biochar and compost, insurers and state agencies contracting cost reductions, and corporates with agricultural supply chains taking the credits. As output streams reach volume and stabilise, the bond is secured by the regional or government vehicle, a state land office, a municipal authority, an EU co-financing instrument. The result: a fixed-income product backed by productive infrastructure, not land appreciation.
What pays, in three tiers
Three kinds of value, kept distinct, and two speeds of capital. Contracted offtakes and contracted cost reductions carry the base case. Development pathways are funded separately and graduate when proven. Verified outcomes compound on top.
Tier 1
Contracted offtakes
Biochar, agricultural grade
regional farms, ranches, feedlots
Biomass & energy
grid, energy buyers, plant self-supply
Water filtration media
municipal systems, replacing imported activated carbon
Compost & fertiliser
regional and acequia farms
Carbon credits
corporates with agricultural supply chains and removal programs
Grazing & habitat permits
ranch operations, outfitters, state game programs
Activated carbon, industrial grade
industry, filtration
Green methanol
2G biofuels plants, shipping, industrial
Sustainable Aviation Fuel (SAF)
airlines via offtake agreements
Advanced carbon materials
industrial applications
Funded as development, capped and milestone-gated. Each pathway graduates to the contracted stack when an operator is proven and an offtake is signed.
Tier 2
Contracted cost reductions
Insurance premium reductions
parametric wildfire cover reprices as fuel load drops
Water treatment cost reductions
post-fire sediment surges drive the cost; upstream work removes them
Fire suppression & disaster cost reductions
the state supports thinning at ~$1,200/acre against ~$2,000 real cost; closing the gap is cheaper than the next fire
Tier 3
Outcomes
Water security & compact deliveries
interstate obligations, $1B+ just settled between New Mexico and Texas
Yield stability for downstream farms
acequia networks irrigate from the watershed the work brings back
Land & water-rights value uplift
the transition value of a parcel enters the land record
Habitat & catastrophic loss avoidance
elk, native fisheries, and the fire that never happens
The outcome layer. Beneficiaries, states, insurers, downstream users, pay on verified results. Strengthens the case. Not required for base-case returns.
The base case runs on what is contracted and proven. Everything else is funded as development and graduates when it earns it.
01
Transition Facility
Concessionary first-loss capital, wrapped by an insurer letter of credit, funding the early gap between intervention cost and market clearing. This is what moves first.
02
Infrastructure bonds at stabilisation
Serviced by Tier 1 contracted revenue only, with a coupon reserve funded through the ramp. Coupons are reserved at close, not promised from year-one cash.
03
Revolving working capital
Drawn against invoiced sales.
04
Institutional capital, long duration
Enters as verified operating history accumulates and spreads tighten.
05
Development sleeve
The capped development allocation, held separate from the base-case stack and never cross-collateralised.
06
Outcome-based structures
The Tier 3 layer, beneficiary-pays on verified results.
Parametric coverage attaches at the regional counterparty, so the whole system is insured as one underwritable unit.
Develop (12-24 months)
Pre-revenue
Feasibility, equipment procurement, permitting (parallel tracks), commissioning
Transition (~1 year)
~€290/ha
First outputs: biochar, compost, biogas. Buffers active.
Stabilise (~2 years)
~€540/ha
Full stack at volume: biochar, energy, filtration media, compost, credits.
Scale (Ongoing)
~€870/ha
Full stack plus cost-reduction contracts. Self-sustaining, buffers released.
A Transition Facility absorbs early-stage biological risk with reserves that release as performance is proven. Concessionary capital covers equipment and the early gap between intervention cost and market price, and steps back as operators reach margin.
Multiple outputs that self-hedge, no single-crop fragility, no land speculation, and the landowner keeps their land.
Back the company that assembles and operates whole regions.
VCs, angels, and strategic partners invest in Sovereign Land SAS (France), the company that assembles and operates entire regional partnerships: bringing the state, the insurer, the corporate buyer, the landowner, and the community to one table, putting the work in on the ground, and never buying the land.
Equity in the platform and standard-setting layer, not land assets. Pure operating leverage. No balance-sheet risk. The company never buys land, never holds inventory, never takes commodity exposure.
Deal structuring
one-time fee per transition vehicle
LandStack licence
annual SaaS per deployment
MRV services
per-hectare monitoring fee
Data subscriptions
underwriters, insurers, regulators
$2.5M
base fees over 3 years from the first project alone.
Services
Deal origination & qualification
Financial structuring & capital stack design
Operator coordination & logistics
Measurement live from Day 1, ecology to finance
Buyer contracting & offtake agreements
Recurring
Operations, MRV & reporting (36+ months)
Per-acre platform fees ($2.00/acre/mo → ≤$1.00 at maturity)
Performance milestone fees
Continuous signal generation
Platform flywheel
Module expansion ($250K per 10,000 ha added)
Compound data makes next deal faster
Template deals replicate across regions
Standard-setting position for decades
Services
Deal origination & qualification
Financial structuring & capital stack design
Operator coordination & logistics
Measurement live from Day 1, ecology to finance
Buyer contracting & offtake agreements
Recurring
Operations, MRV & reporting (36+ months)
Per-acre platform fees ($2.00/acre/mo → ≤$1.00 at maturity)
Performance milestone fees
Continuous signal generation
Platform flywheel
Module expansion ($250K per 10,000 ha added)
Compound data makes next deal faster
Template deals replicate across regions
Standard-setting position for decades