Regen Foundation · Delaware 501(c)(3) · EIN 82-5457703 · September 2026

Regen Registry is the home
for the natural capital credit that did not exist yet

Land stewards define how their own ecological repair gets measured.

Regen Registry publishes the standard that work is held to.

Every credit issuance is written to a ledger anyone can audit.

That is what makes it legible to the capital that funds it.

The Registry is becoming part of Regen Foundation, a 501(c)(3) nonprofit, so that it serves the field rather than a company.

Company founded: 2018
Registry operating: 2020
First on-chain issuance: 2022
The campaign: $1,500,000 · two years

Harvest at Bromborough Estate, a farm in Ecometric's soil carbon program.Bromborough Estate, via Regen Registry

02/What a registry does

Turn a promise into a record.

Somebody plants mangroves in Kenya. Somebody in London wants to pay for that work.

Without that record, money meant for ecological repair has nowhere safe to land.

Aerial view of mangrove seedlings planted in rows across a cleared salt flat at Marereni, Kenya, with the planting crew standing among them. — Replanted mangrove at Marereni, Kenya, with the crew that planted it.SeaTrees / COBEC, Marereni, Kenya

The work

Somebody plants mangroves in Kenya.

They know the site, they did the work, and they need it to be worth something.

evidence

The registry

A registry stands between them.

Publishes the rules for what counts
Checks the evidence against those rules
Records what was done, where, by whom, and on how much land
Records issuance, transfer and retirement, so a credit cannot be counted twice

a record
anyone can check

The money

Somebody in London wants to pay for it.

But only if it actually happened, only once, and only to the person who did it.

03/What the market cannot see

Most ecological repair is invisible to the market. No standard fits it.

Two things decide whether repair work can be financed: whether it fits an existing standard, and how long the wait is before the first credit issues.

The unit is too narrow. Repair was reduced to one measure, the tonne of carbon dioxide equivalent, and everything land does besides was added as a co-benefit. Three or four kinds of credit cannot account for a living system.

The queue is too long. Three to four years of validation before a single credit issues selects for whoever can carry years of cost with no revenue.

$220B → $571BWhat reaches nature-based solutions each year, against what UNEP says is needed by 2030. That shortfall is the opportunity, and it is independent of the carbon market.

3–4 yearsTypical wait for validation at a legacy registry before a single credit can be issued.

$30 : $1$7.3 trillion a year against $220 billion.

Widening what can qualify is how more of that $220 billion finds somewhere to land.

04/Let the method fit the place

Life is diverse. Its measures should be too.

Someone who knows a piece of land decides what is worth measuring on it. That method goes through public peer review here, and if it holds up it becomes a credit protocol they can issue against, with the credits theirs to sell.

01 · Design freedom

Start with the ecology.

Developers author their own credit protocol and take it through four-stage public peer review. Terrasos, SeaTrees, ERA Brazil and Ecometric each wrote their own.

02 · Viability

Reach issuance while the work is happening.

A project can reach first issuance while the work is still happening.

03 · Independence

We don't set the standard and sell the credit

The standards are published and every issuance is written to an open ledger.

“What attracted us to Regen Registry in the first place was their willingness to work with external methodology and credit class developers.”

David Wright · CEO, Ecometric · public webinar

05/Start with the stewards

A forest. A community. Their work.

An Achuar community in the Ecuadorian Amazon holds a forest line, monitors it themselves, and is paid for doing it.

Camera trap, Achuar territory, Pastaza, Ecuador. Jaguars were confirmed in both monitoring cycles, alongside 74 documented species. — Camera trap, Achuar territory, Pastaza, Ecuador.Sharamentsa project, via Regen Registry

Biocultural · Ecuadorian Amazon

A credit the community governs.

The credit did not exist until the community and its partners built it. In 2024, with Fundación Pachamama, Regen Registry issued its first biocultural credit, under a scheme the community co-governs. The method is ERA Brazil’s, peer-reviewed here.

Twenty-one community monitors were trained and equipped. Jaguars were confirmed in both monitoring cycles, alongside 74 documented species across roughly 10,200 hectares. In 2026 the partners lifted the community’s share of credit revenue from 60% to 80%.

~10,200 haof Amazon headwaters under community monitoring

60% → 80%community revenue share after the 2026 governance vote

4 → 10 → 100communities today, by 2028, by 2033. Phase Two is led by the Indigenous-governed Amazon Sacred Headwaters Alliance

“When the biocultural work arrived, it was for us a very big alliance — to defend our territory.”

A Sharamentsa community member · June 2026

06/From field to record

Every hour of friction we remove is money that reaches a steward.

The same project again, as machinery: one claim, from a satellite pass to a record anyone can check.

One claim, end to end

01

A satellite notices something has changed.

Nothing has to be scheduled, and nobody travels to find out.

Planet Labs imagery is scanned for land-use change, and the alert goes to the community’s own Amazank team.
Remote sensing
02

Someone walks out and looks.

The community is the one checking, so no auditor has to be flown in.

Trained monitors photograph what is there, coordinates attached. Camera traps carry the species evidence.
Field evidence
03

The evidence meets a published standard.

The rule is public, so checking it is work code can do.

Quarterly reporting collates satellite alerts against local observation, and the Amazank team corrects it. The standard was peer-reviewed in the open.
The claims engine
04

A claim is formed, and becomes a record anyone can query.

The community keeps its raw data, and still gets paid for what it proves.

Only the proof reaches the public record; the observations stay with Sharamentsa. For an Indigenous-governed project that is the condition for taking part. What publishes is the issuance, USS01-002 on Regen Ledger.
Data sovereignty, then the ledger

Steps 03 and 04 used to need a person and a spreadsheet. Automating them is what makes an 80% community share affordable.

At the other end, the marketplace counts every credit ever issued, including the buffer pool, so a buyer cannot see what is actually for sale.

“Every credit is transparently tracked on-chain from issuance to retirement, and the workflows are built for people who actually run field projects, not just people who audit them.”

Hannah Simmons · CEO, ERA Brazil

07/The public ledger

Keep the record open.

One record. Written once. Read by anyone.

A conventional registry keeps this in a database it owns. This one is a public ledger, and it does not depend on our servers or our funding.

The cost question

What does it cost to get work onto a registry?

We charge the minimum that keeps review rigorous, independent and open to new methods.

Read the unit before the number. Ours is charged once per project, Verra’s is a levy on every credit, Gold Standard’s recurs every monitoring period.

Regen Registry $5,100 registration. $10,300 for a full protocol through four-stage peer review. $300 per expert reviewer.Charged once, per project. Nothing per credit.

Verra $0.23 levy on every credit issued, $0.02 more on every transfer, retirement or cancellation, and roughly $2,500 per verification review.Charged per credit, for as long as the project issues.

Gold Standard £15,000 to £25,000 to validate, before a single credit issues, then £8,000 to £15,000 again every monitoring period.Charged per validation, then again every monitoring period.

Checking evidence against a published standard is work software can do against a public record, rather than work reassembled by hand every cycle.

08/Already in motion

A working registry, and a record you can query.

57projects that have issued

130registered, not yet issued

187projects registered in total

17countries

14credit protocols

6credit types

80credit batches issued

Counts come from Regen Ledger mainnet across all 80 batches. The 130 registered without an issuance are registrations, not a qualified pipeline.

All 187 registered projects are plotted. Look any of them up on the public registry.

57projects that have issued

130registered, not yet issued

5credit protocols authored by partners

Registry-wide · Regen Ledger mainnet, Aug 2026

Scroll to zoom into satellite · drag to pan · click any marker

Approximate site centroids, not surveyed coordinates.Basemap NASA Blue Marble · boundaries Natural Earth · imagery Esri World Imagery

The traction

They arrive on their own, from everywhere.

~30substantive unsolicited inquiries, Aug 2023 – Aug 2026

25+countries they came from

~12had already concluded no methodology anywhere fits their work

About thirty developers wrote to us unbidden, from twenty-five countries over three years, while we spent nothing finding them. Five signed agreements.

“Due to our unique approach, none of the existing methodologies for certification seem to be directly applicable.”

A soil biologist developing a desertification methodology · June 2026

09/Below the waterline

Credits are the tip of the iceberg.

The same process serves more than credits. Generate an environmental metric, check it against a published standard, and hold the record. Credit markets are one buyer of that.

And if the credit market never comes back?

01
It is the first question a serious funder asks.
Transacted value in the voluntary carbon market fell from about $2 billion in 2021 to $535 million in 2024. Retirements held far better.
02

We did not build on the assumption of one.

It is an environmental ledger: evidence about land, checked against a published standard and held immutably. A credit is one wrapper for it.
What we built
03
That is why the record outlives the instrument.
A project that registered thinking about carbon has also recorded a species count, a water regime and a soil profile, each fixed to a date.

“If the carbon market just closed tomorrow, all of this sustainability data is still very valuable to somebody.”

David Wright · CEO, Ecometric · August 2026

10/Who else needs this evidence

The evidence is useful well beyond credit sales.

Three things changed in 2026 that route money toward verified land data without routing it through the voluntary carbon market.

1 Jan 2027 GHG Protocol Land Sector & Removals takes effect: the first full accounting framework for land in a corporate value chain. Voluntary guidance.

1 Feb 2027 SBTi Corporate Net-Zero V2 opens for target validation. Credits still cannot be used against reduction targets, so demand runs to primary, verified data.

733 · $22.4T Institutions committed to nature-related disclosure as of late 2025. Over half of global GDP depends on nature.

Where that money actually goes

Insetting

A tonne removed on a farm can be sold as a credit to a stranger, which is hard, or reported inside the supply chain of the company that already buys that farm’s wheat.

Compliance

Airlines are nearing their first CORSIA obligations with roughly 0.2% of expected demand retired. Regen has no CORSIA eligibility today, so this is context rather than a route we can sell into.

Physical risk

Insured catastrophe losses hit $107 billion in 2025 against $220 billion of economic damage. Pricing that risk takes the kind of record this registry keeps.

11/By the numbers

Where the dollar goes.

The budget at 12, divided by $1,500,000.

Registry operations & subsidized developer services 44.0¢

Technical development: removing the friction between a credit and its buyer 30.0¢

Nature market development: new protocols & peer review 14.0¢

Foundation operations, governance & counsel 8.7¢

Reserve 3.3¢

Every dollar 100.0¢

Budget categories, not transfers to stewards. What reaches a community is set by the credit revenue terms at 05. There is no fundraising line.

12/The invitation

Give the work room to grow.

$1,500,000 over two years. $750,000 a year to run the Registry program properly, asked for both years at once so the team can build rather than fundraise.

Where it goes Year 1 Year 2 Two years

Registry operations & subsidized developer services $330,000 $330,000 $660,000

Technical development: removing the friction between a credit and its buyer $225,000 $225,000 $450,000

Nature market development: new protocols & peer review $105,000 $105,000 $210,000

Foundation operations, governance & counsel $65,000 $65,000 $130,000

Reserve $25,000 $25,000 $50,000

Total $750,000 $750,000 $1,500,000

Working budget $750,000 a year · estimated earned revenue $220,000 · annual gap about $530,000. The ask runs $440,000 above the two-year gap, for growth not yet allocated.

Gift range

An illustrative mix that totals the ask. These are targets, not secured gifts.

2 × $250,000Lead

4 × $100,000Anchor

8 × $50,000Major

$200,000 pooledCommunity

What those gifts pay for

Unit costs inside the gifts on the left, not a second, smaller ask.

$300one expert peer reviewer's assessment

$5,100one community project onto the registry

$10,300a methodology through full peer review

The release threshold is being set now, and conditional pledges convert only on terms donors agree to. Reporting at 30, 60 and 90 days, then 6 and 12 months.

“We need you to exist.”

Kevin Whilden · co-founder, SeaTrees · July 2026

Posidonia seagrass restoration at Portocolom, Mallorca. A Natura 2000 bay, now in expert peer review. — Posidonia seagrass restoration at Portocolom, Mallorca.RESHABAY Portocolom, via Regen Registry

He built a credit no other registry would carry, and he knew there was nowhere else to take it. When a registry goes quiet, the work on the ground stops.

What your gift does

It pays the difference

Keeps an independent, open registry running for work that has nowhere else to go. Review and registration cost about $15,400 together; communities arrive with $5,000.

Why it has to be a gift

Fees cannot carry it yet

Mature registries run on program fees rather than returns to equity: Verra earns 95.7% of its revenue that way, the Climate Action Reserve 98.4%. This is the cost of the years before fees can cover it.

The Registry is moving into the Regen Foundation now. Funding it this year helps establish how it operates as a nonprofit institution.

Regen Foundation · Delaware 501(c)(3) · EIN 82-5457703 · counsel: Norton Rose Fulbright
David Fortson · david@regen.network

Appendix/Three more projects

One carbon, one marine, one habitat. Each one authored by the people who needed it.

With the biocultural credit at 05, that is four ecologies and four credit types.

Soil · Czechia, Slovakia & the UK

Months, not years.

Carboneg works with farmers across Czechia and Slovakia on the transition to regenerative agriculture, and has put over €5 million behind it.

Václav Kurel walked away from a large legacy standard after months of methodological feedback went unacknowledged. A transition only holds if the money arrives while the work is happening.

“Verification can take several months instead of several years — which means the money will get to farmers in months, and not in years.”Václav Kurel · CEO, Carboneg

A field day with farmers in Czechia. Carboneg works across roughly 101 farms and 24,315 hectares. — A field day with farmers in Czechia.Carboneg (carboneg.com)

24,315 haacross ~101 farms and 2,307 sampling plots

A.preex-ante rating from BeZero Carbon, roughly the top 30% of its category

“aa”on additionality, with “very low” execution risk

70%of net revenue goes to the farmers

Marine · Kenya, Costa Rica & Spain

SeaTrees needed a unit no registry offered, so they built one.

One Block is one outplant: a single mangrove seedling, coral fragment or kelp tile. It retires the moment it is bought, and measures work done rather than an outcome promised.

Nobody can promise a coral fragment will be alive in thirty years. You can promise it was planted, say where, and let anyone check. No incumbent registry had anywhere to put that.

“The biggest business on the planet should be the planet itself. The work done to restore it requires a Registry to quantify that impact.”Kevin Whilden · co-founder, SeaTrees

Coral nursery, Costa Rica. One Block is one outplant: a single fragment, planted and recorded. — Coral nursery, Costa Rica.SeaTrees, via Regen Registry

3active restorations: mangrove in Kenya, coral in Costa Rica, seagrass in Spain now in expert peer review

Oct 2025since then, every project using SeaTrees' protocol must issue through the Marine Biodiversity Stewardship class on Regen

Habitat · Colombia

Twenty-five years of abandonment, and a spectacled bear.

El Globo sits in Colombia’s High Andes on land abandoned for twenty-five years. Terrasos structured it as a habitat bank with KPMG assurance and a thirty-year permanence commitment.

Surveys have counted 290 birds, 76 mammals and 24 reptiles. The spectacled bear came back.

“Many of us have seen money come and go into biodiversity conservation projects and the impact is not necessarily there.”Mariana Sarmiento · CEO, Terrasos

El Globo habitat bank, High Andes, Colombia. Surveys have counted 290 birds, 76 mammals and 24 reptiles. — El Globo habitat bank, High Andes, Colombia.Terrasos, via Regen Registry

290 / 76 / 24birds, mammals and reptiles counted on site

30 yearspermanence commitment, under KPMG ISAE 3000 assurance

NextTerrasos needs its next project registered here in order to report to the Inter-American Development Bank

Regen Registry is the homefor the natural capital credit that did not exist yet