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Asset classes

Environmental assets

3 classes in this group. Each resolves from the group profile plus its own overrides, so the parts that genuinely differ are the only parts stated twice.

A class inherits from its groupOne root labelled asset class branches to four group profiles, each of which carries per-class overrides. A correction applied to a group reaches every class beneath it.Group profileshared termsReal estateFinancialPhysicalInfrastructure

What the engine holds for each class

These are the actual template values the product uses when an issuer structures one of these assets — what it is, whether it pays, whether it ends, and what must be held or attested.

Environmental assets: classes, summaries and recommended token standards
ClassWhat it isFungibilityIncomeMaturityCustody & attestation
Carbon creditVerified emissions reductions or removals.semi fungibleNo incomeOpen-endedproof of reserve
Renewable energy certificateCertificates evidencing renewable generation.semi fungibleNo incomeOpen-endedproof of reserve
Sustainability-linked instrumentInstruments whose terms depend on sustainability targets.fungibleNo incomeOpen-endedproof of reserve

What has to be true before issuing

Readiness is derived from what has actually been recorded against the asset, not from a checklist somebody ticks. These are the requirements this group carries.

  • Documented legal ownership, and a vehicle able to issue the claim being offered.
  • Legal structures commonly used for this group: certificate, direct ownership. Presented as options for counsel to choose between, never applied automatically.
  • A valuation basis, which may reference a published market price where one exists.
  • Custody arrangements appropriate to the claim being issued.
  • Recurring independent attestation that the backing exists, published on a stated cadence.
  • A plan for the only two cashflows: subscription in, and realisation out.
  • A compliance policy in force — an offering cannot open without one, because every subscription would otherwise be refused.
How a reserve attestation becomes proof of reserveUnits in issue are compared against an attested reserve. The result passes three gates — independence, freshness and evidence — and only an attestation clearing all three is described as proof. Anything else is shown as a figure with its own caveat rather than as a green tick.Units in issueSummed from the registerAttested reserveWhat somebody says is heldcomparedIndependent?Not the issuerFresh?Within the cadenceEvidenced?Traceable to a documentProof of reserveAll three clearedNot independentThe issuer’s own statementOut of dateTrue as at its own dateUntraceableNothing to check it againstStill shown,never calledproof.
An attestation clears three gates or it is not proof. An issuer’s own statement fails the first however good the number is; a stale one keeps its figure and loses its currency. Both are still shown — with the caveat, never as a tick.

Structure an asset in environmental assets

Launch Studio walks the asset from definition through structure, parties, data room and token configuration, and will not let it reach an offering without what this class requires.