Semantic Finance: Governing Purpose in Multi-Cycle Capital Systems
Roshan Ghadamian
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Roshan Ghadamian: Institute for Regenerative Systems Architecture
IRSA Working Papers from Institute for Regenerative Systems Architecture
Abstract:
Impact investing and regenerative finance seek to align capital with long-term social and environmental goals, yet routinely rely on container-centric mechanisms — fund structures, contracts and disclosure regimes — that fragment mission and require costly ex post verification. This paper argues that the persistent "black box" of impact is not a measurement problem but a semantic one: purpose is embedded inside transactional containers rather than governed as a first-class object. Building on idea-native architecture, the paper introduces idea-native finance: a semantic governance framework in which mission intent is explicitly represented, typed and provenance-linked, while capital storage and transfer remain separate concerns. In this model capital acquires semantic agency — it can traverse institutions while remaining governed by its originating purpose. Semantic finance is best understood as an enabling governance layer for purpose-governed capital systems, supplying the representational and provenance infrastructure required for multi-cycle, non-extractive capital architectures. The paper reframes impact investing from a defensive posture — focused on restriction, compliance and audit — toward an offensive, meaning-driven architecture that enables multi-cycle, non-extractive capital formation. It shows how idea-native finance renders mission drift and greenwashing structurally detectable rather than procedurally discouraged, and outlines implications for investment design, fiduciary duty and systemic regeneration.
Keywords: semantic finance; idea-native finance; mission drift; impact investing; greenwashing; multi-cycle capital; fiduciary duty; semantic agency (search for similar items in EconPapers)
JEL-codes: D02 G11 G23 G30 Q56 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:evk:wpaper:sf
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