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Tokenisering (RWA)

Tokenising forests

Forest is the only asset that literally grows while you hold it: timber, carbon credits and land value in one. Tokenisation promises access for small amounts — but in no asset class is the gap between serious projects and greenwashing wider.

Thijs MolenaarSkriven av Redacteur beleggen, Den HaagUppdaterad Granskad av redaktionen

Three income streams

Timber is harvested after thirty to eighty years with interim thinnings, and tracks construction demand. Land value moves slowly with rates and scarcity. Carbon credits carry the highest upside and the highest risk of being worthless.

What makes a credit credible

Four tests: additionality, permanence, measurability and no double counting. Research found many forest protection credits failed these, mostly through over-pessimistic baselines, which hit voluntary market prices hard. Demand a registry number under Verra, Gold Standard or an Article 6 register.

Permanence risk

Fire, storms and bark beetles can release stored carbon. Standards hold buffer pools as insurance, but climate change is straining them. Diversify across regions, species and age classes.

Where tokenisation genuinely helps

The strongest use is credit administration: a public register showing which credit belongs to which parcel, who owns it and whether it has been retired, making double selling traceable. Smart contracts also allow pro-rata payouts at every thinning, and satellite monitoring can freeze issuance when biomass diverges.

European rules

A token giving a share of forest proceeds is quickly an investment instrument, requiring a prospectus or exemption and supervision. A standalone carbon credit is closer to a good or certificate; the EU is building its own carbon removal certification framework.

Vanliga frågor

Do I own forest or just a credit?

It varies. Check whether you get shares in the landowning entity or only rights to future credits.

What happens in a fire?

Recognised standards cancel credits from a buffer pool; without a buffer the investor takes the loss.

Are carbon credits a good investment?

Only the highest-quality ones; voluntary market prices fell sharply after quality problems surfaced.

How do I spot greenwashing?

No registry number, no independent verification, no buffer pool and yield promises without a harvest or credit schedule.

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