SWaN 2.0 is live. Join Virginia's mitigation credit market free — register before 31 August 2026 for 12 months free. Register now
River aerial view

The platform behind the market.

Trade, track, delegate, and stay ahead of Virginia's mitigation credit market — in one SOC 2 certified wallet, connected to Virginia DEQ.

Everything you need to participate in the market

SWaN gives every participant — mitigation banks, permit holders, and the consultants who act for them — a single place to hold and trade credits, declare supply and demand, get matched to eligible counterparties under the trading rules, message other participants directly, and stay compliant. The live market data on this site is a fraction of what participants work with every day.

va-swan.waterledger.com/zenith
Zenith logoVirginia Stream, Wetland, and Nutrient Credit Exchange
Bank Owner2WL

Water Ledger

Bank Owner

Primary User

General

Dashboard

My Portfolio

Banks
Customers

Market

Availability
Analytics

My Apps

Messages2
Ledger

My Credit Summary

All Product ClassesAll ProductsAll WatershedsAll HUCs

Available for Sale

1,240.000

+4.2%than last month

Credits Under Contract

86.500

+1.8%than last month

Reserved Credits

12.400

-0.6%than last month

Inventory Market Summary

2.1M

Credit Supply

Stream52%

Wetland28%

NPS20%

1.4M

Credit Demand

Stream61%

Wetland13%

NPS26%

Illustrative preview of the SWaN Zenith wallet. Live functionality is available once you register.

Built for everyone in the market

Whether you supply credits, need them, or manage them for clients, the platform has a lane for you.

For everyone

Trade & manage credits

Hold, buy, sell, and retire stream, wetland, and nutrient credits with real-time balances and a full transaction history.

  • Live balances by class & watershed
  • Buy, sell, and retire with an audit trail
  • Manage permits in one place

Stay ahead

Market Signals

A weekly digest plus real-time alerts for your watersheds — so you see demand and supply moving before it becomes a procurement.

For consultants

Orion delegated wallets

Act formally on behalf of your clients — with clear permissions and a complete record of who did what.

  • Delegated access per client
  • Granular user permissions
  • Full audit trail of actions

For compliance

DEQ & RIBITS integration

Connected directly to Virginia DEQ's permit system, with a programmatic path to RIBITS — so reporting is automated, not manual.

  • Live link to the DEQ permit system
  • RIBITS upload interface
  • Regulator-grade record keeping

Supply & demand

Declare what you have — and need

Banks declare available supply; permit holders self-assert forward demand — so the market can see what's coming, not just what's listed today.

  • Supply declaration for banks
  • Forward demand self-assertion
  • Feeds the market intelligence layer

Find the match

Automatic bank-to-permit matching

SWaN knows the trading rules — watershed and HUC eligibility, credit class, and regulatory constraints — and automatically matches permit obligations to the credits that can satisfy them. No manual cross-referencing, no guesswork about what qualifies.

  • Trading-rule eligibility built in
  • Permits matched to qualifying credits
  • Banks see the demand they can serve

Connect directly

Integrated market messaging

Reach any other participant — bank, permit holder, or consultant — directly through the platform. Negotiate, ask questions, and move a deal forward without leaving SWaN, with every conversation on the record.

  • Message any market participant
  • Keep negotiations in one place
  • An auditable communication trail

Multi-state

Virginia & North Carolina — with more to come

A state switcher brings North Carolina mitigation bank data into the same view. SWaN is built to scale from a state platform to a national one.

  • VA + NC banking data at launch
  • One wallet across states
  • Additional states as they come online

Trust is the product

Mitigation credits are only as good as the record behind them. SWaN is built so every credit's origin, ownership, and retirement is verifiable — for participants and regulators alike.

SOC 2 certified

Independently audited security controls.

Virginia DEQ integration

A live connection to the state permit system.

RIBITS interface

A programmatic path to federal banking records.

Immutable ledger

Every transaction recorded on Hedera — no double-selling, no disputes.

Complete audit trail

From credit generation to retirement, fully traceable.

What your subscription includes

One subscription buys three things — not just software access.

Platform & trading

Full wallet access — trade, manage credits and permits, declare supply or demand, and delegate to consultants.

Weekly Market Signals

Automated intelligence for your watersheds, delivered in-app every week.

The MNM, one week early

Read each Mitigation & Nutrient Market Quarterly a week before it's public.

$15/mo + 1%SOC 2 certified

Register before 31 August 2026 for 12 months free — then 6 months free as standard, then $15/month plus a 1% fee on trades.

Get started in three steps

1

Register

Create your account and claim your free access period.

2

Set up your wallet

Add your organisation, invite your team, or delegate to a consultant.

3

Trade & track

Buy, sell, declare demand, and follow the market with weekly signals.

See the market this platform powers

The live map and market data on the public site come straight from the SWaN ledger. Participants see the full picture.

Explore the market

Questions

My consultant sources credits for me — why would I subscribe?

When credit sourcing is bundled into a service contract, the real market price is hidden from you. SWaN makes supply, demand, and pricing visible so you know what you're actually paying for. Your consultant can still act for you through a delegated Orion wallet — you simply keep visibility and a full audit trail.

Do I need to subscribe to see market data?

The public market view is open to everyone. Registered participants get the deeper layer — weekly Market Signals, forward demand, and the ability to trade — plus the Mitigation & Nutrient Market Quarterly a week early.

What does the 1% fee apply to?

The 1% fee applies to trades executed on the platform. Holding credits, viewing the market, and receiving Market Signals are covered by the monthly subscription.

Can my whole team use one account?

Yes. Each organisation manages its own users and permissions, and consulting firms can hold delegated access to multiple client wallets through Orion.