Work shop #1
A two-loop structure: a physical/reward loop on the citizen side, and a financing/certification loop on the polluter side, with the operator at the center.
Three interlocking circuits: the material circuit (citizens → operator → recycling), the reward circuit (operator → electronic money issuer → citizens’ Mastercard), and the capital circuit (funders → security token → operator, with the yield derived from the future proceeds of recycling flowing back).
The token’s legal shift. As long as it is certified, it was a traceability tool. The moment it grants a right to a share of the future recycling proceeds, it becomes a financial instrument: a promise of yield, an underlying, for investors.
A prospectus or disclosure document approved by the regulator (the AMF in France, the SEC in the US) — and if the token circulates on a blockchain, its interaction in Europe with the MiCA regulation.
The operator does not issue the money itself; it relies on a licensed EMI (electronic money institution) that loads the e-money onto the card. This cleanly ring-fences the payment layer from the collection layer, and provides reassurance on ACPR compliance on the reward side.
What remains is to establish the valuation of the future proceeds from the collections in order
to build a business plan.
We can add Y+2 an IPO for the company that gather several type of assets
(recycling/collecting/digital assets/E-money wallets)
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