3Pine Capital S.à r.l. has issued tFOREST — tokenized notes secured by professionally managed Latvian forestland. The launch is one of the first regulated forestry-backed digital securities offered to European qualified investors.
What backs the notes
The structure is underpinned by approximately 500 hectares of mixed boreal forest in Latvia, professionally managed for sustainable timber yield, biomass production and verified carbon sequestration.
Assets are ring-fenced under Art. 5 of the Luxembourg Securitisation Law (2004), giving investors a direct, legally segregated claim on the underlying portfolio.
A regulated bridge
Notes are issued through a Luxembourg securitisation vehicle and qualify as MiFID II financial instruments. They sit expressly outside the scope of MiCAR pursuant to Art. 2(4)(a) of Regulation (EU) 2023/1114.
Distribution is restricted to MiFID II professional clients and qualified investors. The minimum denomination is EUR 10,000.
On-chain by design
tFOREST is issued on permissioned ERC-3643 infrastructure, integrated with institutional digital asset ecosystems including Concordium. The standard enables interoperable settlement, on-chain attestation and compliant transfer between eligible holders.
Investors receive the rigour of an institutional fixed-income instrument with the transparency and movement of an on-chain asset.