◉ PSYCHOHISTORY

Intrinsic Exchange Group

institution
A company tried to turn nature itself into a tradable asset on the stock market.
Who they are

Intrinsic Exchange Group, led by Douglas Eger[1].

What they do

It tried to create a new kind of holding company called a Natural Asset Company.

How it works

The plan was to put leases on ecosystem services onto stock exchanges. A federal document shows the Exchange proposed listing standards for this new type of public company, calling it a new concept pioneered by Intrinsic Exchange Group. A tweet notes the firm launched the idea two years earlier and drew support from the NYSE and the Rockefeller Foundation. The company's own site says 'BE INVESTED'. The record does not show the attempt succeeded.

Why it matters

It shows how nature can be packaged as a financial product for investors.

The engine's record — word for word
The corpus records: "And more recently, we’ve seen Douglas Eger ’s Intrinsic Exchange Group 2 attempt to create a holding company of type Natural Asset Company for sakes of floating ecosystem service leases on the stock exchanges." Cross-sourced to federalregister.gov, intrinsicexchange.com, twitter.com — documents cited by the corpus and retrieved independently of it.
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