FAQs

What is a commodity warrant?


A Commodity Warrant is a bearer document that entitles the holder to claim the physical asset specified within. Traditionally used for commodities like copper or sugar, the Warrant confirms that a fixed tonnage of the commodity is securely stored and redeemable upon presentation of the Warrant.


At NAGEX, the underlying asset is permanently stored CO₂, digitized and verified on the blockchain. This forms the basis of a Carbon Warrant Bond (CWB).


What is a Carbon Warrant Bond (CWB)?


A CWB is a blockchain-anchored record of verified, permanent CO₂ storage. It functions as a digitized commodity warrant, providing buyers with confidence that:


  • The CO₂ is permanently and immutably stored
  • It has been independently verified and monitored annually
  • The asset cannot be double-spent


CWBs are the building blocks of a liquid, transparent carbon market.


Why would a company purchase a CWB?


For businesses facing emissions penalties or carbon tax liabilities, CWBs offer a proactive solution: verifiable, permanent carbon removal. Rather than paying into fragmented offset schemes or regulatory fines, a company can:


  • Retire CWBs to meet compliance or ESG goals
  • Hedge future carbon liability for decades, not just years
  • Signal environmental leadership through trust and transparency




How does NAGEX ensure trust in the system?


Trust is built through three core layers:


  1. An independent verification protocol ensuring the CO₂ was stored as claimed
  2. A blockchain-based registry that records and timestamps every Warrant
  3. The market layer that prices, trades, and settles the CWB instrument transparently


This stack eliminates the need for intermediaries while preserving auditability.



Who can list on NAGEX?


Any entity that can demonstrate verifiable, permanent CO₂ storage is eligible to apply for listing. This includes:


  • Stored CO₂ from Direct Air Capture (DAC) operators
  • Permanent CO₂ storage from EOR operations
  • Biochar producers
  • Subsurface injectors
  • Long-term mineralization companies


We work closely with our verification and registry partners to onboard only credible, quantifiable carbon storage.



Is NAGEX a carbon credit exchange?


No — NAGEX is not a traditional offset platform. We are building the first commodity-style carbon market focused exclusively on verifiable, permanent CO₂ storage.


Where credits often suffer from over-crediting and soft accounting, our Carbon Warrant Bonds (CWBs) are:


  • Financial-grade instruments
  • Digitally native
  • Verified by independent protocols
  • Anchored immutably on-chain


But NAGEX goes further:



We’re creating the global index price for carbon removal.


By standardizing the underlying asset (permanent CO₂), verifying it independently, and matching trades using NASDAQ’s market-proven engine, NAGEX enables institutional price discovery — just like oil, copper, or wheat.


All issuance and settlement data is recorded on-chain for transparency, auditability, and cross-platform interoperability.


This unlocks:


  • A real-time CO₂ price benchmark
  • Derivatives and lending products
  • Insurance-backed removal guarantees
  • Capital-efficient investment into large-scale CO₂ infrastructure