As the land heals,
the treasury compounds.

Forty-two wholesale investors built the first instance. The retail-eligible structure being built will let ordinary savers participate once the structure is complete and disclosed.

Why ownership beats grants
for healing land.

Soil that has been mined for a century does not heal on a quarterly cycle. It heals on a decade. Grants are written annually and revoked politically; land bought outright cannot be revoked at all. So the first move is the most literal one available: buy the land. Seven NSW farms. Six thousand six hundred and seventy-three hectares. Held in title by a wholesale syndicate vehicle. Operating now, in year one.

Ownership is necessary but not sufficient. A title deed proves possession; it does not prove improvement. So the second move makes the improvement countable. Pangolin Associates — independent, paid by fee, not by outcome — audits ten dimensions of land health on a fixed annual cycle. Soil organic carbon. Biodiversity index. Water cycle. Ground cover. Erosion. Pasture composition. Practice register. Methodology is public. Findings are public. The audit is the proof, and the proof is the asset.

The audited improvement is not allowed to sit idle. It is sold, once a year, into the regulated Australian Carbon Credit Unit market. The carbon the soil recovers, the carbon the trees hold, the carbon the grazing plan no longer releases — each of these has a unit, a price, and a buyer. The unit is the ACCU. The market is regulated by the Australian government. The cash flow is real. Once a debt. Now a dividend.

The manager's fee is capped. The unitholders carry the upside. This is the point at which most regenerative-finance models start to wobble — they price the asset by the speculation of its future and skim along the way. Fresh Earth prices it by the audit and pays the holder. Land that recovers earns more ACCUs next cycle. Earnings compound into the land base. The manager does not get richer when the land does; the holders do. Patient capital, paid in soil.

Which is why the SPV is not the treasury. The FEVT token is not the treasury. The fund's balance sheet is not the treasury. The treasury is what the audit is auditing. The treasury is what the ACCU sale is monetising. The treasury is the asset that compounds when the work is done well — measurable, ownable, held in title.

freshearth

Ownership of healed land —
not just for big funds anymore.

A regulated share in the same land. Same audit. Same ledger.