Every way the rail earns — without ever charging the people on it.
FIDNT is free, forever, for individuals — that is the mission, not a funnel. The income comes from the businesses the law already obligates, the machines that must act through the rail, and the value-added services people choose. This is the model, from every angle.
FIDNT — a beneficiary program operated by ISET (Indigenous Sovereign Estate Trust), the chartered Provider. Non-custodial by construction: ISET earns service revenue, holds and moves no member money.
Three payers. Never the person.
Businesses pay
Every entity that handles personal data must be RA 10173-compliant. FIDNT makes compliance the rail's job — sold by subscription and per-call.
Machines pay
AI agents must act through a signed, audited mandate. FIDNT is the agency layer they meter against — revenue from automation, not from the represented person.
Value-added, opt-in
Individuals keep 80% of licensed-data value and pay nothing for their rights. ISET retains a disclosed admin margin and sells optional power tools à la carte.
Addressable base — Philippines, then the region.
The rail compounds: more data owners attract more licensed buyers, which drives more verifications and API calls — each angle feeds the next.
Six angles, one engine.
Each line states the mechanism, the per-unit economic (illustrative), and the at-scale potential in the base case (Year 5).
Data-dividend admin fee
ISET's disclosed service fee on licensed-data value. 80% goes to the data owner; ISET retains up to a 20% admin margin as service revenue — never custody.
Business & developer subscriptions
Compliance is the law's requirement and the rail's product. Free to start, then a flat plan — or pay-per-call for low volume.
Pay-per-call compliance API
Verifications, sign-ins, consent checks, audit writes and revocation webhooks — every protected call is metered.
AI-agent metered actions
The agency layer every AI agent must use to act for a person under a signed, revocable mandate. Each action is a billable event — revenue from the machine, never the represented person.
Power tools (individuals)
Pay-per-use, opt-in: IP filing helper, done-for-you dispute concierge, notarized SPA, Open Finance aggregation, signed exports.
Enterprise compliance infrastructure
BSFI design partners license the regulated Fiduciary engine (real ML-DSA-65, BSP-1213 SCA, court-admissible ledger) as their own rail.
Base-case build, ₱ per year.
A single internally-consistent base case. The swing factor is stream 01 (the data-dividend), which depends on a functioning licensed-data market — see the floor note below.
| Revenue stream | Year 1 | Year 3 | Year 5 |
|---|---|---|---|
| 01 · Data-dividend admin fee | ₱120M | ₱1.5B | ₱10.8B |
| 02 · Subscriptions | ₱9M | ₱90M | ₱450M |
| 03 · Pay-per-call API | ₱6M | ₱120M | ₱1.2B |
| 04 · AI-agent actions | — | ₱20M | ₱300M |
| 05 · Power tools | ₱3M | ₱40M | ₱200M |
| 06 · Enterprise infrastructure | ₱4.5M | ₱40M | ₱180M |
| Total — base case | ~₱140M | ~₱1.8B | ~₱13B |
Y3: 500k users · 5,000 businesses · 1B calls · 20 partners
Y5: 3M users · 25,000 businesses · 10B calls · 60 partners
Conservative · Base · Ambitious.
The range is driven almost entirely by the data-dividend monetization rate — how much consented data is actually licensed, and at what price.
Service revenue, software margins, no custody.
- Non-custodial. Buyers pay members directly; ISET issues the proof and invoices its admin fee separately. No money-transmitter licence, no balance-sheet or custody risk.
- Service income, not the member's tax. The 20% NIRC §24(B) final tax is the data owner's royalty tax — ISET's revenue is service income, taxed and accounted separately.
- Software-grade margins. One engine serves all six streams. Marginal cost per verification, per call, per seal is fractions of a centavo.
- Compounding rail. Free members attract buyers; buyers drive API calls; calls fund the dividend; the dividend grows members. Each angle is the next angle's demand.
- Regulatory tailwind. RA 10173, RA 11765, BSP-1213 and AFASA make compliance non-optional — demand for streams 02, 03 and 06 is mandated, not marketed.
- Standards moat. The rail tracks UNCITRAL's newest texts — MLIT (2022, identity & trust services) and MLAC (2024, AI-agent contracting attributed to the principal) — as a working precedent before competitors, while operating under RA 8792 and RA 11057, which are in force today. As jurisdictions enact these texts, the rail is already shaped to them. Alignment →
For how control stays with the fiduciary mandate and not the cap table — and how vendors are governed for the joint entity — see the governance framework →
Member share floor 80% on licensed data (ISET Trust Deed, pending ceremonial upload) · Subscription ₱1,499/mo business tier · Pay-per-call ₱0.05–0.30 blended · Royalty final tax 20% (NIRC §24(B)) borne by the member, not ISET. Per-user data-dividend figures are blended across segments T0–T3 and assume an active, consented licensing relationship — they are illustrative, not measured. Driver counts (users, businesses, calls, partners) are modeling inputs, not commitments.