Frequently Asked Questions
Overview:
What is Aquana?
Aquana is building a decentralized water treasury platform designed for long-horizon capital allocation across real-world water assets, supported by a Bitcoin-aligned reserve strategy.
The platform combines transparent treasury management with progressive, on-chain governance, allowing participants to engage in how capital is allocated within the water economy over time.
Assets & Treasury
What is a water asset?
Within Aquana’s treasury, water assets refer to real-world investments linked to the global water economy, including water-sector ETFs, infrastructure and treatment technologies, purification systems, and selected innovative companies.
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These assets provide exposure to the physical water economy and form part of the treasury’s long-term capital allocation strategy. Over time, this category may expand as new investment opportunities emerge, subject to governance processes and regulatory considerations.
Is Aquana a water utility company that runs water plants?
No. Aquana doesn’t operate water systems or plants.
It acts as a decentralized funding and governance layer for the water economy — directing capital into projects, companies, and technologies that strengthen global water access and innovation.
Who owns the water assets?
The Aquara Foundation is designed to act as the long-term steward of the ecosystem’s reserves, holding assets on behalf of the Aquana framework.
AQA holders do not own underlying assets directly, but may participate in governance processes that influence treasury strategy, allocations, and oversight, subject to defined governance rules and transparency standards.
Are you trying to own water?
No. Aquana doesn’t buy or sell water as a commodity. We invest in access, infrastructure, and innovation — supporting the systems that secure sustainable water finance, not the resource itself.
Design choices & structure
Why isn’t Aquana structured as a traditional investment fund?
Aquana is not designed as a single fund vehicle.
Traditional funds are typically closed, jurisdiction-specific, and governed primarily by capital providers.
Aquana is being designed as a long-duration treasury and governance framework that can support multiple capital pathways over time, while preserving mandate integrity and preventing short-term governance capture.
This approach prioritizes global participation, transparency, and long-term stewardship over fund-specific constraints.
Why does Aquana use a token at all?
The AQA token is intended as a governance and coordination mechanism, not as a claim on assets.
A token-based governance layer allows participation to be:
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global rather than jurisdiction-bound
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transparent rather than opaque
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adaptable over time as the ecosystem matures
This enables distributed decision-making around treasury strategy while keeping asset ownership and execution roles clearly separated.
Why does Aquana start with ETFs and liquid instruments?
Early-stage capital allocation prioritizes liquidity, transparency, and auditability.
Liquid instruments such as water-sector ETFs allow the treasury to:
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establish disciplined exposure
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build operational and governance track records
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avoid the cost and rigidity of early project finance
As the system matures, additional allocation pathways — including direct investments and project finance — may be introduced through defined governance processes.
Governance & Token
What gives AQA its value?
AQA is designed as a governance and coordination token within the Aquana ecosystem. Its economic relevance is linked to participation in a treasury framework that allocates capital across Bitcoin reserves and real-world water-sector investments. ​ Value drivers include the quality of treasury management, transparency of governance processes, and the long-term performance and credibility of the Aquana platform as it matures.
Is AQA a security token?
AQA is intended to function as a utility and governance token within the Aquana ecosystem. It is designed to enable participation in governance processes and coordination around the treasury framework. ​
Token classification may vary by jurisdiction, and Aquana is working with legal advisors to structure the ecosystem responsibly and adapt as regulatory frameworks evolve.
When will AQA launch?
Aquana is currently preparing its treasury seed phase and MVP development. The AQA token launch is targeted for a later phase, following infrastructure readiness, governance testing, and regulatory considerations. All token-related details, including distribution and vesting frameworks, will be disclosed transparently prior to launch.
Accountability & Operations
How will Aquana stay accountable long-term?
Accountability is a core design principle of Aquana’s architecture. Treasury activity and governance decisions are designed to be transparent, with on-chain records where applicable, complemented by regular reporting and independent reviews as the ecosystem matures.
How is Aquana structured today?
Aquana is currently supported by an operational steward (KAI Systems) responsible for early development and coordination, alongside a foundation structure designed to safeguard reserves and guide long-term governance. As the ecosystem matures, decision-making authority and operational roles are intended to transition progressively toward community-led governance, subject to defined processes and safeguards.
Who is behind Aquana?
Aquana is led by a small founding team with backgrounds spanning education, finance, and growth, supported by advisors across governance, infrastructure, and the water sector.