PNAQL
Infrastructure for investment in artistry.
PNAQL is the market infrastructure connecting creative IP to institutional capital.
Our mission
A world where financial access is no longer a constraint to creative possibility.
Every other major asset class has a capital market: a way to price it, finance it, hold it and trade it. Creative IP, from music catalogues to film libraries, still changes hands through private, one-off deals, priced on recent sales and closed to most of the capital that would hold it for the long term. The people who create the value see the least of it, and the investors who want it cannot reach it.
Creative IP keeps creating value long after the moment it was paid for. PNAQL builds the market that can hold it.
Our founding research, The Missing Market for Creative Utility, sets out why that value goes unpriced, and why the market to hold it has never formed.
The researchA capital market for culture.
Origination and structuring.
Contracted creative income identified, assessed and placed in a dedicated vehicle.
Tokenised issuance.
Digital units that mirror the legal rights one to one.
Register and transfer.
Every holding recorded, and transferable between eligible holders.
Distribution and reporting.
Income collected, paid out and reported, reconciled against the register.
Rights holders
Lending, income sharing, growth capital, buy-backs and sales, arranged around what you’ve built.
Investors
Lending and investment opportunities backed by creative income, arranged for institutional capital.
Creative Wealth Funds
Permanent regional funds where public and private capital invest together in culture, running on PNAQL infrastructure.
How we work
Listen.
One confidential conversation to understand what you hold or what you are looking for.
Design.
Options in plain language, with the trade-offs, costs and timing laid out.
Arrange.
We bring together the rights holder and the right lenders or investors, and structure the terms.
Run on infrastructure.
Each structure runs on PNAQL infrastructure: issuance, a digital register, and income collected, paid out and reported.
The research
The Missing Market for Creative Utility, Derek Morrison’s working paper on why creative value goes unpriced. SSRN 6379120.
The team
Creative industry operators and finance leaders, working together.
Creative Wealth Funds
Founding partner and infrastructure provider to Creative Wealth.
Start a conversation.
Tell us what you hold or what you are looking for, and the right person will reply.