MetWAVE Carbon Trust — Carbon Preserved · Verified · Measured · Secured
Wimberly Branch · Jackson County, Alabama
Custody, before combustion. Preservation as an asset class.

MetWAVE Carbon Trust launched its first proof of concept for a verified in-situ carbon preservation project on a 5,800-acre metallurgical coal reserve in Jackson County, Alabama in 2024. A defined volume of recoverable coal is legally and operationally restricted from extraction for a 10-year crediting period — generating conservative, independently verified avoided-emission credits issued through the Northern Trust Carbon Registry.

ISO 14064-2:2019 Verified by Bureau Veritas Northern Trust Registry ICMCI-aligned governance

4,432,226 tCO₂e

Net Verified Emission Reductions
Over the 10-year crediting period (01/01/2025 – 31/12/2034)

443,223 tCO₂e / yr

Annual Issuance
After 2% leakage and 15% buffer deductions

1.89 M tons

Allocated Coal Reserve
Held in custody, restricted from extraction

5,800 acres

Project Boundary
Mineral leasehold under MetWAVE LLC control
01 · Wimberly Project S1

A verified preservation asset on the Wimberly Branch reserve.

The MetWAVE In-Situ Carbon Preservation & Tokenized Governance Project is located on the historic Bledsoe Mine site at Flat Rock, Jackson County, Alabama — a metallurgical coal property with a documented chain of title, valid mineral leasehold, and zero surface disturbance. Under a business-as-usual scenario, the reserve would be commercially extracted and combusted. Under the Project scenario, it stays in place.

Asset

1,894,300 short tons of proven recoverable metallurgical coal, allocated from a 17 million-ton reserve under operational control of MetWAVE LLC.

Mechanism

Legally enforceable non-extraction covenants, formal separation of carbon rights from mineral rights, and recorded legal filings under Alabama law.

Boundary

Defined by PLSS legal description: Township 1 South, Range 7 East and Range 8 East, Jackson County. ~5,800-acre mineral leasehold.

Crediting Period

Fixed 10-year term, 01/01/2025 through 31/12/2034. First monitoring period (485 days) closed 30/04/2026.

The Custody Layer
Surface
Sedimentary
Carbon-bearing seam
Deep basin
Bedrock
MetWAVE Custody & Monitoring Boundary
Why preservation

Geological reserves represent the largest, most durable carbon store available. Preservation in place avoids the entire combustion pathway — there is no extraction, no transport, no processing, and no atmospheric release.

02 · Methodology & Quantification

Conservative GHG accounting, anchored in ISO 14064-2.

Baseline and project emissions are quantified using a transparent linear logic — Coal Mass → Carbon Stock → CO₂-equivalent → Carbon Credits — with conservative bounds at every stage. The methodology is consistent with the principles and requirements of ISO 14064-2 (relevance, completeness, consistency, transparency, conservativeness) and verifiable under ISO 14064-3.

Baseline

Combustion Avoided

Coal extraction & combustion is the most plausible business-as-usual outcome. Baseline limited to E₃ (combustion) only.

Project

Near-Zero Emissions

No extraction, no processing, no transport, no combustion. Project emissions effectively zero within the defined boundary.

Deductions

Leakage + Buffer

2% market leakage adjustment plus 15–20% permanence buffer applied per NTCR protocol.

Output

Issuable Credits

Net verified emission reductions issued one-to-one against NTCR serials.

Quantification logic

Baseline emissions are calculated from the allocated reserve volume and the EPA-published metallurgical-coal emission factor. Upstream sources (mining, processing, transport) are explicitly excluded from credit quantification — a deliberately conservative choice that lowers the computed baseline relative to a full life-cycle figure.

Core formula

ER = Σ (BEᵢ − PEᵢ) × GWPᵢ

Where ER is total emission reductions (tCO₂e), BEᵢ is baseline emissions for coal type i, PEᵢ is project emissions for coal type i, and GWPᵢ is the global warming potential of the emission gas (CO₂ = 1.0).

Verified inputs

Conversion factor2.819 tCO₂e per short ton (EPA Emission Factors, 15 Jan 2025)
Allocated reserve1,894,300 short tons
Baseline emissions5,340,032 tCO₂e (gross, full crediting period)
Leakage adjustment2% (market leakage)
Buffer / uncertainty15% (within NTCR 10–20% range)
Net emission reductions4,432,226 tCO₂e over 10 years
Annual issuance443,222.63 tCO₂e per year
Additionality

Demonstrated under CDM Tool 27 (v11.0) and EB 62 Annex 05. Non-extraction is not required by law, is not common practice, and is not financially attractive without carbon revenue. The investment analysis was reviewed at an 8% discount rate — consistent with mining-finance benchmarks in Tier-1 jurisdictions — and tested under a range of discount-rate and carbon-price sensitivities. The preservation scenario remains uneconomic without carbon credit revenue across all reasonable parameter ranges.

03 Institutional Verification — Three independent layers stand between the reserve and the registry: ICMCI Standards, Bureau Veritas VVB, and Northern Trust Registry.
04 · Governance & Credit Issuance

The Northern Trust Carbon Registry is the registry of record.

Credit issuance, transfer, and retirement all run through the Northern Trust Carbon Registry. The registry binds the on-ledger token to the legal custody contract, the MRV state, and the underlying allocated reserve — keeping the receipt, the right, and the rock in single auditable lockstep.

Issuance & Serialization

Verified emission reductions are issued as serialized credits against the static coal allocation ledger. Each credit is one-to-one mapped to NTCR serials, with independent reconciliation by the VVB.

Custody & Escrow

Northern Trust provides institutional-grade custody and escrow controls. Multi-signature governance requirements apply to any action affecting extraction status or credit claims — no unilateral release.

Tokenized Title

The protocol layer encodes legal title, MRV state, and beneficial interest in a single auditable record. The token is the receipt; the geological reserve is the asset.

Reversal Response

Defined reversal triggers — unauthorized extraction, legal override — initiate immediate registry-level action: credit freeze, independent VVB assessment, buffer pool retirement, and where warranted, cancellation.

Buffer Pool

A 20% buffer pool of credits is reserved for reversal compensation. The buffer is sized to portfolio risk and adjusted as new monitoring evidence is reconciled.

Auditable Trail

All issuances, retirements, and MRV state changes are written to a tamper-evident registry. Cryptographic timestamps hash monitoring evidence into the NTCR blockchain.

Reference

Northern Trust — The Carbon Ecosystem & Carbon Book 2026

The project is registered under the published NTCR Project Developer Eligibility Criteria. The registry's environmental integrity, traceability, and verification-readiness requirements are explicitly mapped within the project's MRV framework and addressed at every monitoring cycle. Complementary to the Rockefeller Foundation's Coal-to-Clean Credit Initiative — which operates downstream at coal-plant retirement — MetWAVE Carbon Trust operates upstream at the reserve. Designed for crosswalk into UN Paris Agreement Article 6.4, the EU ETS, India's Carbon Credit Trading Scheme, and Canada's Output-Based Pricing System.

05 · MRV Architecture

A six-layer measurement, reporting, and verification stack.

Continuous, layered monitoring confirms that the non-extraction commitment is maintained, that any deviation is detected promptly, and that the verification record is independently reproducible. Each layer addresses a different failure mode — together they provide reasonable assurance under ISO 14064-3 and NTCR requirements.

01
Non-Extraction Status
Quarterly satellite surveillance (Sentinel-2 optical & Sentinel-1 SAR) combined with semi-annual GPS-tagged field inspections. Primary confirmation that the project scenario is implemented.
02
Surface Disturbance Indicators
NDVI drop ≥ 0.20, BSI increase ≥ 0.15, SAR backscatter change ≥ 1.5 dB. Minimum mapping unit ~1,000 m². Multi-sensor confirmation before escalation; persistence filtering reduces false positives.
03
Legal & Covenant Compliance
Annual legal record review of non-extraction covenants and carbon-rights assignments. Registry and custodial checks via Northern Trust. Cross-checked against Jackson County land records.
04
Coal Allocation Control
Static allocation ledger (1.8943 M tons) cross-checked with Annex A and NTCR records. One-to-one mapping to NTCR credit serials. Independent reconciliation by VVB.
05
Leakage Indicators
Annual review of regional production and trade data. Periodic reassessment of the 2% leakage factor against third-party production statistics. Conservative defaults applied where uncertainty exists.
06
MRV System Integrity
Version-controlled run logs, cryptographic timestamping, secure archival of evidence bundles. Access control plus independent VVB data replication checks at each verification cycle.
Field verification status

Zero disturbance confirmed at the project boundary.

Field inspections conducted in September 2025 and March 2026, plus independent desktop assessment via publicly available Google Earth imagery, confirm no land-use change, no environmental disturbance, and no encroachment within the project area during the first monitoring period.

06 · Verified Emission Reductions

Ten years of credit issuance, scheduled and verifiable.

The schedule below reflects the verified annual emission reductions confirmed under the Bureau Veritas verification statement (Report No. USA-VER/01/2026), aligned with the NTCR issuance calendar.

YearBaseline emissions (tCO₂e)Project emissions (tCO₂e)Emission reductions (tCO₂e)Cumulative (tCO₂e)
2025443,222.630.00443,222.63443,222.63
2026443,222.630.00443,222.63886,445.26
2027443,222.630.00443,222.631,329,667.89
2028443,222.630.00443,222.631,772,890.52
2029443,222.630.00443,222.632,216,113.15
2030443,222.630.00443,222.632,659,335.78
2031443,222.630.00443,222.633,102,558.41
2032443,222.630.00443,222.633,545,781.04
2033443,222.630.00443,222.633,989,003.67
2034443,222.630.00443,222.634,432,226.30
First monitoring period

The first monitoring period of 485 days (01/01/2025 – 30/04/2026) closes with 588,940.35 tCO₂e of verified emission reductions on a prorated basis, computed at 1,214.31 tCO₂e per day against the verified annual rate.

07 · Permanence & Reversal Management

Four layers of permanence, designed to outlast the crediting period.

Permanence is engineered, not assumed. The Permanence and Reversal Management Framework integrates legal enforceability, custodial governance, continuous detection, and a credit-level response mechanism — each operating independently and at a different time horizon.

01

Legal Enforceability

Non-Extraction Covenant, formal separation of carbon rights from mineral rights, recorded filings enforceable under Alabama law. Any future transfer of mineral interests must carry forward the non-extraction obligations.

02

Custodial Controls

Northern Trust custody and escrow, multi-signature governance gates for any action affecting extraction status. Defined reversal triggers initiate immediate investigation.

03

Continuous Detection

Three-level escalation protocol with multi-sensor confirmation. Tamper-evident monitoring evidence hashed to the NTCR blockchain with version-controlled run logs.

04

Reversal Response

Registry-level credit freeze, independent VVB assessment, buffer-credit retirement to compensate for confirmed reversals, restoration and/or enforcement actions where applicable.

08 · Safeguards & Co-Benefits

Environmental, social, and SDG alignment.

Because the project is non-extractive, environmental protection is achieved primarily through non-activity. The PDD and Annex E (ESIA Scoping) confirm that baseline conditions are stable and no prior surface mining impacts exist within the project boundary. Social safeguards are proportionate to project risk and verifiable under ISO 14064-3.

SDG 13 — Climate Action

Verified avoided emissions of 443,223 tCO₂e per year over a 10-year crediting period, calculated and reported in accordance with NTCR requirements and ISO 14064-2 principles.

SDG 15 — Life on Land

Avoidance of land clearing, habitat fragmentation, soil degradation, erosion, and surface-water impacts. Existing ecosystems, vegetation cover, and wildlife habitat preserved by non-disturbance.

Compliance Anchors

National Environmental Policy Act (NEPA, 42 U.S.C. § 4321), Clean Water Act §404 (where applicable), and Alabama Department of Environmental Management (ADEM) conservation regulations.

Stakeholder Engagement

Formal grievance mechanism with 14-day acknowledgement and 45-day resolution targets. Engagement records and resolutions are auditable under ISO 14064-3. No grievances recorded to date.

09 · Project Timeline

From lease execution to issuance.

14 Apr 2025

Memorandum of Mineral Rights Mining Lease executed

Recorded in Jackson County, Alabama. Carbon rights formally separated from mineral rights. MetWAVE LLC assumes operational control of the allocated reserve.

01 Jan 2025

Project & crediting period start

Validated by Bureau Veritas as the real commencement of project implementation. Continuous monitoring begins.

Sep 2025 & Mar 2026

Field inspections

GPS-tagged on-site verification confirming the absence of mining operations within the project boundary.

13 Apr 2026

Bureau Veritas verification activity

Online verification with the MetWAVE team, conducted by Mr. Ram M. Desai, covering boundary, baseline, additionality, monitoring, calculation, and risk.

11 May 2026

V&V Report finalized — USA-VER/01/2026

Bureau Veritas issues the final Validation and Verification Report with a 'free from material misstatement' conclusion at limited assurance and a ±5% materiality threshold.

31 Dec 2034

Crediting period close

Cumulative 4,432,226 tCO₂e of verified emission reductions issued; reserve remains preserved.

10 · The Preservation Stewardship Thesis

Preservation finance: a new category of environmental finance.

For generations, industrial economies created value through the extraction of carbon-bearing resources. MetWAVE Carbon Trust proposes the inverse — that long-term carbon stewardship itself can become a measurable, economically recognized form of value creation when supported by transparent governance, conservative accounting, and durable institutional infrastructure.

The frontier question

If avoided future combustion can generate verifiable value at the smokestack, can avoided extraction generate verifiable value at the geological layer?

That distinction sits at the center of preservation finance — and the answer requires legal enforceability, monitoring, governance, reversal management, and transparent accountability operating together over time. Preservation is not passive inactivity; it is actively governed environmental management.

Stewardship is active

Preservation claims are only credible when supported by enforceable obligations, observable systems, and ongoing oversight — not by intent alone.

Trust is infrastructure

Environmental assets derive value from confidence in measurement, governance, and accountability. Trust itself becomes part of the market infrastructure supporting preservation finance.

Conservative by design

The framework values long-term credibility over short-term issuance volume — bounded allocations, leakage deductions, buffer pools, and independently sourced emission factors.

11 · The Stewardship Stack

Six interconnected components of preservation accountability.

The MetWAVE Preservation Stewardship Framework integrates legal, operational, technological, and governance controls into a coordinated model. Each layer reinforces the others — no single mechanism stands alone.

01

Resource Identification

Geological characterization, reserve analysis, legal rights evaluation, and allocation boundaries establishing clearly defined stewardship areas. Claims are tied only to specifically allocated volumes.

02

Legal Preservation Controls

Non-extraction covenants, preservation agreements, custody arrangements, and stewardship obligations. Durable preservation commitments tied to defined resource areas, enforceable under Alabama law.

03

Monitoring, Reporting & Verification

Satellite-based observation (Sentinel-2 optical, Sentinel-1 SAR), geospatial analysis, disturbance detection, field inspections, and periodic verification activities supporting transparent oversight.

04

Independent Validation

Third-party review by an accredited Validation and Verification Body (Bureau Veritas) under ISO 14064-3:2019. Methodologies and operational definitions refined through clarification cycles — scrutiny as part of building trust.

05

Governance & Accountability

Multi-party approvals, custodial structures, audit trails, reversal response procedures, and registry-based reporting obligations. Governance becomes part of the stewardship model itself.

06

Registry Integration

Serialization, reporting transparency, issuance tracking, double-counting mitigation, and institutional infrastructure. Northern Trust Carbon Registry integration aligns preservation with reviewable market systems.

12 · Position Within the Carbon Market

MetWAVE and the Rockefeller Coal-to-Clean Credit Initiative are adjacent, not competitive.

The Rockefeller Foundation's Coal-to-Clean Credit Initiative (CCCI) finances the early retirement of thermal coal power plants in emerging markets. MetWAVE Carbon Trust operates one stage upstream — preserving the underlying metallurgical coal reserve so it never reaches combustion. Together, the two occupy different segments of the carbon balance sheet.

DimensionRockefeller CCCIMetWAVE Carbon Trust
Point of actionDownstream — at combustion infrastructureUpstream — at the geological reserve
Resource focusThermal coal power plantsMetallurgical coal reserves
MechanismAccelerated retirement of operating plantsLegal non-extraction of in-situ reserves
Credit classTransition credit (avoided combustion)Reserve preservation credit (avoided extraction)
MRV anchorPlant generation displacementSubsurface volumetrics + non-production attestation
TenorYears to retirementDecadal+ geological custody
MethodologyBespoke CCCI frameworkISO 14064-2:2019 (globally recognised)
Jurisdiction (initial)Emerging markets (Philippines, Asia)United States, Tier-1 (Alabama)
Strategic intersection

Rockefeller is building financial architecture for avoided emissions. MetWAVE is building custody architecture for unmined carbon. The two are complementary infrastructure layers within the broader carbon market — not substitutes.

13 · Compulsory Carbon Market Compatibility

Designed for crosswalk into the world's largest compliance markets.

MetWAVE's reserve-preservation methodology is designed for interoperability with the four largest compulsory carbon market frameworks — supporting institutional buyers who require compliance-grade credits with verifiable provenance.

UN Article 6

The UN-administered international carbon market mechanism under the Paris Agreement, succeeding the Clean Development Mechanism (CDM). MetWAVE methodology is designed for crosswalk into Article 6.4 compliant issuance.

EU ETS

The European Union Emissions Trading System — the world's largest compulsory carbon market, covering ~40% of EU greenhouse gas emissions. Designed for EU ETS compliance-demand compatibility.

India CCTS

India's Carbon Credit Trading Scheme administered by the Bureau of Energy Efficiency under the Energy Conservation (Amendment) Act, 2022. Compatible with both compliance and offset trade segments.

Canada OBPS

Canada's Output-Based Pricing System under the Greenhouse Gas Pollution Pricing Act, covering large industrial emitters. Designed for OBPS compliance offset use.

UN decarbonization alignment

MetWAVE's reserve-preservation methodology directly advances UN decarbonization objectives for fossil fuel reliance — specifically targeting metallurgical coal reserves that would otherwise enter the global steel-and-industrial combustion pathway. The framework supports UN SDG 13 (Climate Action) and SDG 15 (Life on Land), and aligns with the institutional integrity requirements of the Article 6.4 mechanism.

14 · Frequently Asked Questions

What buyers, mineral owners, and institutions ask most.

What is in-situ carbon preservation?

The practice of leaving carbon-bearing geological reserves permanently in the ground under a legally binding non-extraction commitment, then issuing verified avoided-emission credits against the carbon that would otherwise have been combusted. Pioneered under ISO 14064-2:2019 at the Wimberly Branch site in Jackson County, Alabama.

How is MetWAVE different from Rockefeller's CCCI?

CCCI finances early retirement of thermal coal power plants in emerging markets (downstream of combustion). MetWAVE preserves metallurgical coal reserves in-situ (upstream of extraction). CCCI is plant-side; MetWAVE is reserve-side. The two are adjacent, complementary segments of the carbon balance sheet — not substitutes.

Who verifies MetWAVE's carbon credits?

Bureau Veritas Certification, a globally accredited Validation and Verification Body, independently verified the project under ISO 14064-2:2019 and ISO 14064-3:2019. Report No. USA-VER/01/2026 issued 11 May 2026, with a 'free from material misstatement' conclusion at limited assurance and a ±5% materiality threshold.

Where are credits registered?

With the Northern Trust Carbon Registry (NTCR), the institutional registry of record. Northern Trust provides tokenized custody, settlement rails, escrow controls, and multi-signature governance. Each credit is mapped one-to-one to an NTCR serial.

How many credits does the project generate?

443,222.63 tCO₂e per year over a 10-year crediting period (01/01/2025 – 31/12/2034), totaling 4,432,226 tCO₂e of net verified emission reductions. Calculated from 1,894,300 short tons of metallurgical coal × 2.819 tCO₂e/short ton (EPA factor), with 2% leakage adjustment and 15% buffer-pool deduction.

Are MetWAVE credits compatible with compulsory markets?

Yes. The methodology is designed for crosswalk into UNFCCC Article 6.4, the EU Emissions Trading System (EU ETS), India's Carbon Credit Trading Scheme (CCTS), and Canada's Output-Based Pricing System (OBPS) — the world's four largest compulsory carbon market frameworks.

How is the reserve legally bound to non-extraction?

Through a Non-Extraction Covenant, formal separation of carbon rights from mineral rights, and recorded legal filings under Alabama law. Project boundary defined by PLSS legal description (Township 1 South, Range 7 East and 8 East). Any future transfer of mineral interests must carry the non-extraction obligations forward.

Can a mineral owner submit a reserve for evaluation?

Yes — via the intake form below. Three documents are required: (1) Reserve Ownership / Lease Rights, (2) Core Sample Data & Quantity, and (3) SGS Coal Analysis (or equivalent). The MetWAVE intake team responds within five business days under standard NDA terms.

15 · Project Team

MetWAVE LLC project leadership.

David Mitchell
Project Lead
Dr. David Van Kleeck
Primary Investigator · CTO
Meg Wright
Chief Financial Officer
Colin Wood Esq.
General Counsel
Independent verification team — Bureau Veritas Certification

Ram M. Desai serves as Lead Verifier (South East Asia Product Manager for GHG Services). John Stangline serves as Independent Technical Reviewer (Sustainability Business Unit Manager, Bureau Veritas Certification North America; Lead Verifier since 2014).

For Institutional Buyers

Register to purchase MetWAVE Carbon Credits.

MetWAVE reserve-preservation credits are issued and settled through the Northern Trust Carbon Ecosystem, the institutional digital platform for the end-to-end lifecycle management of digital carbon credits. Registration is gated by KYC/KYB identity verification via Sumsub — the institutional standard for compliance-grade onboarding.

01

KYC / KYB Verification

Identity, entity, beneficial-ownership, and source-of-funds verification through Sumsub. AML / sanctions / PEP screening included. Required before any credit allocation.

02

Northern Trust Account

Onboarding to the Northern Trust Carbon Registry (NTCR) for credit custody, settlement, and tokenized title. Each credit is mapped one-to-one to an NTCR serial number.

03

Purchase & Retirement

Allocate credits from the verified MetWAVE issuance schedule (443,222 tCO₂e per year). Retire credits against corporate or sovereign net-zero claims with full audit trail.

Registration creates no offer or obligation to sell. Final allocation is subject to verified buyer eligibility, available issuance, and execution of standard institutional purchase documentation.

16 · For Mineral Owners

Sign up your reserve.

MetWAVE Carbon Trust evaluates new reserve-preservation projects with mineral owners, concession holders, and operators. The intake process is institutional, structured, and confidential — three documents move a property from inquiry into feasibility review.

01

Reserve Ownership /
Lease Rights

Memorandum of Mineral Rights Mining Lease, recorded deed, chain-of-title abstract, or equivalent document establishing legal authority to bind the reserve to non-extraction for the crediting period.

Required Document
02

Core Sample Data
& Quantity

Drill logs, reservoir-engineering reconciliation, or proven-recoverable-reserve estimate. Establishes the volumetric basis for the carbon allocation.

Required Document
03

SGS Coal Analysis
(or equivalent)

Third-party laboratory coal-quality analysis from SGS or equivalent accredited lab. Anchors the EPA emission-factor application.

Required Document

Project Intake Form

Submit your reserve details and upload the three required documents below. A member of the MetWAVE intake team will respond within five business days under standard NDA terms.

Contact Step A

Reserve Details Step B

Required Documents Step C — The 1·2·3

01Reserve Ownership / Lease Rights
PDF, DOC, DOCX, or scanned image of the lease, deed, or title abstract.
02Core Sample Data & Quantity
PDF, XLSX, or CSV with drill logs and reserve estimate.
03SGS Coal Analysis
PDF or XLSX of accredited lab coal-quality report.

Notes Optional

Or email documents directly to intake@metwave.io
17 · Privacy, Security & Data Handling

Institutional-grade data protection.

MetWAVE Carbon Trust handles sensitive mineral, financial, and identity information for buyers, mineral owners, and verification partners. Our policies are designed to meet the standards expected of institutional registry counterparties — encryption in transit and at rest, role-based access, KYC/KYB verification, audit trails, and breach notification consistent with applicable law.

01 Data Collection

We collect only what is necessary for project intake, buyer KYC/KYB, and registry administration:

  • Identity documents and entity records for verified buyers
  • Beneficial-ownership disclosures (for entity buyers)
  • Reserve documentation (lease, core sample data, SGS coal analysis) for mineral-owner intake
  • Contact information (name, email, phone, company, jurisdiction)

No tracking cookies. No behavioral profiling. No data sales. No cross-site advertising integrations.

02 Encryption

All transmissions use TLS 1.2 or higher, with HTTPS enforced site-wide via HSTS. The TLS configuration is regularly tested against the SSL Labs A+ rating profile.

Documents at rest are encrypted with AES-256. Cryptographic keys are managed via institutional key-management services with hardware-security-module (HSM) backing. Encryption keys are rotated on a documented schedule and never stored alongside the data they protect.

03 KYC / KYB via Sumsub

Buyer registration is gated by Sumsub, an SOC 2 Type II and ISO/IEC 27001 certified identity-verification platform used by major financial institutions globally.

Sumsub performs:

  • Identity verification (government-issued ID, biometric liveness)
  • Entity verification (corporate registry, articles of incorporation)
  • Beneficial-ownership analysis (UBO tracing)
  • AML screening (sanctions lists, PEP, adverse-media)
  • Ongoing monitoring for sanctions-list changes

MetWAVE receives only the verification status — not raw identity documents.

04 NDA & Confidentiality

Intake materials from mineral owners are reviewed under standard mutual NDA. Reserve estimates, lease documents, drill-log data, and SGS coal analyses are accessed only by named MetWAVE intake staff and the assigned Validation and Verification Body.

No third-party disclosure without written consent. NDA terms persist beyond evaluation, and surviving confidentiality obligations remain in effect for the duration of the crediting period plus seven years.

05 Access Controls

Role-based access control (RBAC) with the principle of least privilege. Every administrative login requires multi-factor authentication (hardware key or TOTP, not SMS).

Privileged actions affecting credit issuance, retirement, or registry state require multi-signature approval consistent with NTCR governance. No single individual can unilaterally issue, transfer, or alter credit records.

All access events are logged with user, action, timestamp, and source IP, and retained per the audit-trail policy.

06 Audit Trail

All credit issuances, transfers, retirements, and MRV state changes are written to a tamper-evident registry of record. Cryptographic timestamps anchor monitoring evidence directly to the Northern Trust Carbon Registry.

Audit logs are retained for the full crediting period (10 years) plus seven years (17 years total minimum), aligned with institutional audit-retention standards and NTCR protocol requirements.

07 Third-Party Processors

Limited list. Each governed by a data-processing agreement (DPA) consistent with GDPR Article 28 obligations.

No undisclosed processors. No data brokers. No marketing tracking. The full list is reviewed annually and disclosed to any party on written request.

08 Your Rights

Under GDPR, CCPA / CPRA, and other applicable U.S. state privacy laws (VCDPA, CTDPA, UCPA, etc.), you have the following rights regarding your personal data:

  • Right to access — request a copy of the data we hold about you
  • Right to correct — request correction of inaccurate or incomplete data
  • Right to deletion — request erasure, subject to audit-retention obligations
  • Right to data portability — receive your data in a structured, machine-readable format
  • Right to object to processing — including profiling or automated decision-making
  • Right to withdraw consent — where processing is based on consent
  • Right to non-discrimination — exercising rights will not affect service eligibility

To exercise any of these rights, contact privacy@metwave.io. We respond within 30 days (or sooner where required by law).

09 Breach Notification

In the event of a confirmed personal-data breach, MetWAVE Carbon Trust will notify:

  • Affected parties — without undue delay, with a clear description of the incident and remediation steps
  • Supervisory authorities — within 72 hours, consistent with GDPR Article 33
  • U.S. state authorities — within timelines required by applicable state breach-notification laws

Incident response procedures are documented, drilled annually, and reviewed quarterly. Independent third-party forensic capability is on retainer.

10 Retention

Retention periods by data type:

  • Project intake materials — duration of evaluation plus the crediting period (10 years)
  • KYC / KYB records — 5 to 7 years post-account-closure (per AML regulatory requirements)
  • Marketing / newsletter data — deleted immediately upon unsubscribe
  • Audit records — full crediting period plus seven years, per NTCR protocol
  • Server / access logs — 13 months rolling, then purged

Retention is reviewed annually. Data beyond required retention windows is securely destroyed via cryptographic erasure.

Security posture

MetWAVE Carbon Trust operates under a written information-security program aligned with SOC 2 Trust Services Criteria (Security, Availability, Confidentiality). Penetration testing is conducted annually by a qualified third party. Vulnerability disclosure: security@metwave.io. Privacy queries: privacy@metwave.io. Data Protection Officer contact available on request.

This statement is a plain-English summary of our institutional privacy and security posture. The governing legal terms are documented in our Privacy Policy, Information Security Policy, and Data Processing Agreement, each available on request to legal@metwave.io. Last updated: 12 May 2026.

Build, verify, or purchase with MetWAVE.

For institutional buyers, mineral owners, registry counterparties, and verification partners.