diff --git a/fabric/financial/railiance-netkingdom.yaml b/fabric/financial/railiance-netkingdom.yaml
new file mode 100644
index 0000000..17fbc79
--- /dev/null
+++ b/fabric/financial/railiance-netkingdom.yaml
@@ -0,0 +1,65 @@
+apiVersion: railiance.fabric/v1alpha2
+kind: FinancialFabricBaseline
+metadata:
+  id: railiance.netkingdom-baseline
+  name: Railiance Netkingdom Baseline
+spec:
+  netkingdom:
+    id: railiance.netkingdom
+    name: Railiance Netkingdom
+    king_actor_id: actor.railiance.king
+  actors:
+    - id: actor.railiance.king
+      kind: FabricActor
+      role: king
+      name: Railiance King
+      description: Responsible for the Railiance netkingdom and recovery authority.
+      authority:
+        recovery_authority: true
+        secrets_authority: true
+        backup_authority: true
+        termination_authority: true
+    - id: actor.railiance.primary-lord
+      kind: FabricActor
+      role: lord
+      name: Railiance Primary Lord
+      description: Pays for the current Railiance infrastructure boundary.
+  fabrics:
+    - id: fabric.railiance.primary
+      kind: Fabric
+      name: Railiance Primary Fabric
+      netkingdom_id: railiance.netkingdom
+      lord_actor_id: actor.railiance.primary-lord
+      parent_fabric_id: null
+      status: active
+      boundary:
+        boundary_type: fabric
+        criterion: financial_and_operational_accountability
+        payment_responsibility: actor.railiance.primary-lord
+        operational_responsibility: actor.railiance.king
+        recovery_responsibility: actor.railiance.king
+      evidence_refs: []
+  defaults:
+    containment:
+      netkingdom_id: railiance.netkingdom
+      fabric_id: fabric.railiance.primary
+      subfabric_id: null
+      environment: local
+      deployment_scenario_id: null
+    ownership:
+      owner_actor_id: actor.railiance.primary-lord
+      owner_role: lord
+      resolution: inherited
+      inherited_from: fabric.railiance.primary
+      supporting_actor_ids:
+        - actor.railiance.king
+    accounting:
+      cost_center_id: null
+      profit_center_id: null
+      allocation_model: null
+  future_subfabric_template:
+    kind: Subfabric
+    parent_fabric_id: fabric.railiance.primary
+    netkingdom_id: railiance.netkingdom
+    tenant_actor_role: tenant
+    note: Add a tenant actor and subfabric without changing the root fabric criterion.
diff --git a/railiance_fabric/cli.py b/railiance_fabric/cli.py
index 4436552..59ba938 100644
--- a/railiance_fabric/cli.py
+++ b/railiance_fabric/cli.py
@@ -15,6 +15,7 @@ from typing import Any
 from urllib.parse import quote
 
 from .connectors import ConnectorConfig
+from .financial_baseline import financial_export_from_legacy
 from .loader import declaration_files, load_yaml
 from .graph import FabricGraph, build_graph
 from .graph_explorer import fabric_graph_explorer_payload
@@ -72,9 +73,9 @@ def build_parser() -> argparse.ArgumentParser:
     blast.add_argument("interface", help="Interface type or interface declaration id.")
     blast.add_argument("paths", nargs="*", type=Path, default=[Path(".")])
 
-    export = sub.add_parser("export", help="Export graph as JSON, Mermaid, or graph-explorer payload.")
+    export = sub.add_parser("export", help="Export graph as JSON, Mermaid, graph-explorer, or financial payload.")
     export.add_argument("paths", nargs="*", type=Path, default=[Path(".")])
-    export.add_argument("--format", choices=["json", "mermaid", "graph-explorer"], default="json")
+    export.add_argument("--format", choices=["json", "mermaid", "graph-explorer", "financial"], default="json")
 
     scan = sub.add_parser("scan", help="Scan a repo for deterministic discovery candidates.")
     scan.add_argument("path", nargs="?", type=Path, default=Path("."))
@@ -310,6 +311,8 @@ def main(argv: list[str] | None = None) -> int:
             print(graph.to_mermaid())
         elif args.format == "graph-explorer":
             print(json.dumps(fabric_graph_explorer_payload(graph.to_export()), indent=2, sort_keys=True))
+        elif args.format == "financial":
+            print(json.dumps(financial_export_from_legacy(graph.to_export()), indent=2, sort_keys=True))
         else:
             print(graph.to_json())
         return 0
diff --git a/railiance_fabric/financial_baseline.py b/railiance_fabric/financial_baseline.py
new file mode 100644
index 0000000..915c59a
--- /dev/null
+++ b/railiance_fabric/financial_baseline.py
@@ -0,0 +1,137 @@
+from __future__ import annotations
+
+import json
+from pathlib import Path
+from typing import Any
+
+from .financial import (
+    FINANCIAL_API_VERSION,
+    FINANCIAL_SCHEMA_VERSION,
+    financial_graph_errors,
+    materialize_financial_graph_export,
+)
+from .loader import load_yaml, repo_root
+
+DEFAULT_BASELINE_PATH = repo_root() / "fabric" / "financial" / "railiance-netkingdom.yaml"
+
+
+def load_financial_baseline(path: Path | None = None) -> dict[str, Any]:
+    baseline_path = path or DEFAULT_BASELINE_PATH
+    data = load_yaml(baseline_path)
+    if not isinstance(data, dict):
+        raise ValueError(f"financial baseline must be a mapping: {baseline_path}")
+    if data.get("kind") != "FinancialFabricBaseline":
+        raise ValueError(f"financial baseline kind must be FinancialFabricBaseline: {baseline_path}")
+    spec = data.get("spec")
+    if not isinstance(spec, dict):
+        raise ValueError(f"financial baseline spec must be a mapping: {baseline_path}")
+    return spec
+
+
+def financial_export_from_legacy(
+    legacy_graph: dict[str, Any],
+    baseline: dict[str, Any] | None = None,
+) -> dict[str, Any]:
+    baseline = json.loads(json.dumps(baseline or load_financial_baseline()))
+    defaults = baseline.get("defaults") if isinstance(baseline.get("defaults"), dict) else {}
+    containment_default = defaults.get("containment") if isinstance(defaults.get("containment"), dict) else {}
+    ownership_default = defaults.get("ownership") if isinstance(defaults.get("ownership"), dict) else {}
+    accounting_default = defaults.get("accounting") if isinstance(defaults.get("accounting"), dict) else {}
+
+    graph = {
+        "apiVersion": FINANCIAL_API_VERSION,
+        "kind": "FabricGraphExport",
+        "schema_version": FINANCIAL_SCHEMA_VERSION,
+        "source": {
+            **_object(legacy_graph.get("source")),
+            "producer": "railiance-fabric",
+            "generation_reason": "baseline_projection",
+        },
+        "compatibility": {
+            "legacy_v1alpha1_supported": True,
+            "breaking_reset": False,
+            "projected_from_apiVersion": legacy_graph.get("apiVersion"),
+        },
+        "netkingdom": baseline.get("netkingdom", {}),
+        "actors": baseline.get("actors", []),
+        "fabrics": baseline.get("fabrics", []),
+        "nodes": [
+            _financial_node_from_legacy(node, containment_default, ownership_default, accounting_default)
+            for node in legacy_graph.get("nodes", [])
+            if isinstance(node, dict)
+        ],
+        "edges": [
+            _financial_edge_from_legacy(edge)
+            for edge in legacy_graph.get("edges", [])
+            if isinstance(edge, dict)
+        ],
+        "unresolved": [],
+    }
+    if legacy_graph.get("generated_at"):
+        graph["generated_at"] = legacy_graph["generated_at"]
+    materialized = materialize_financial_graph_export(graph)
+    errors = financial_graph_errors(materialized)
+    if errors:
+        raise ValueError(f"invalid financial baseline projection: {errors[0]}")
+    return materialized
+
+
+def _financial_node_from_legacy(
+    node: dict[str, Any],
+    containment_default: dict[str, Any],
+    ownership_default: dict[str, Any],
+    accounting_default: dict[str, Any],
+) -> dict[str, Any]:
+    result: dict[str, Any] = {
+        "id": node.get("id", ""),
+        "kind": _node_kind(node),
+        "name": node.get("name") or node.get("id", ""),
+        "repo": node.get("repo", ""),
+        "domain": node.get("domain", ""),
+        "lifecycle": node.get("lifecycle", ""),
+        "containment": json.loads(json.dumps(containment_default)),
+        "ownership": json.loads(json.dumps(ownership_default)),
+        "evidence_state": node.get("evidence_state", "declared"),
+        "attributes": _object(node.get("attributes")),
+    }
+    accounting = _object(result["attributes"].get("accounting")) or accounting_default
+    if _has_value(accounting):
+        result["accounting"] = json.loads(json.dumps(accounting))
+    for key in ("canon_category", "canon_anchor", "mapping_fit"):
+        if node.get(key):
+            result[key] = node[key]
+    return result
+
+
+def _financial_edge_from_legacy(edge: dict[str, Any]) -> dict[str, Any]:
+    result = {
+        "from": edge.get("from", ""),
+        "to": edge.get("to", ""),
+        "type": edge.get("type", ""),
+        "attributes": _object(edge.get("attributes")),
+    }
+    for key in ("canonical_type", "canon_anchor", "mapping_fit", "display_only", "evidence_state"):
+        if key in edge:
+            result[key] = edge[key]
+    return result
+
+
+def _node_kind(node: dict[str, Any]) -> str:
+    kind = str(node.get("kind") or "")
+    if kind == "ServiceDeclaration":
+        return "Service"
+    if kind == "InterfaceDeclaration":
+        return "UtilityInterface"
+    return kind or "DiscoveredEntity"
+
+
+def _object(value: Any) -> dict[str, Any]:
+    return value if isinstance(value, dict) else {}
+
+
+def _has_value(value: Any) -> bool:
+    if isinstance(value, dict):
+        return any(_has_value(item) for item in value.values())
+    if isinstance(value, list):
+        return any(_has_value(item) for item in value)
+    return value not in (None, "")
diff --git a/tests/test_registry.py b/tests/test_registry.py
index aa12d27..50bbf28 100644
--- a/tests/test_registry.py
+++ b/tests/test_registry.py
@@ -9,6 +9,7 @@ from pathlib import Path
 from railiance_fabric.cli import main as cli_main
 from railiance_fabric.graph import build_graph
 from railiance_fabric.financial import materialize_financial_graph_export
+from railiance_fabric.financial_baseline import financial_export_from_legacy
 from railiance_fabric.registry import (
     RESET_CONFIRMATION_TOKEN,
     RegistryError,
@@ -319,6 +320,29 @@ def test_registry_accepts_financial_graph_and_materializes_vnext_fields(tmp_path
     assert combined["edges"][0]["relationship_category"] == "utility"
 
 
+def test_current_graph_projects_to_financial_baseline() -> None:
+    legacy_graph = build_graph([Path(".")]).to_export()
+    financial_graph = financial_export_from_legacy(legacy_graph)
+
+    validate_graph_export(financial_graph)
+    validator = draft202012_validator(Path("schemas/state-hub-export.schema.yaml"))
+    assert list(validator.iter_errors(financial_graph)) == []
+    assert financial_graph["netkingdom"]["id"] == "railiance.netkingdom"
+    assert financial_graph["fabrics"][0]["id"] == "fabric.railiance.primary"
+    assert financial_graph["unresolved"] == []
+    assert all(node["containment"]["fabric_id"] == "fabric.railiance.primary" for node in financial_graph["nodes"])
+    assert all(node["ownership"]["owner_actor_id"] == "actor.railiance.primary-lord" for node in financial_graph["nodes"])
+
+
+def test_export_cli_can_print_financial_baseline(capsys) -> None:
+    assert cli_main(["export", "--format", "financial", "."]) == 0
+
+    payload = json.loads(capsys.readouterr().out)
+    validate_graph_export(payload)
+    assert payload["apiVersion"] == "railiance.fabric/v1alpha2"
+    assert payload["compatibility"]["projected_from_apiVersion"] == "railiance.fabric/v1alpha1"
+
+
 def test_registry_reset_archive_and_guarded_reset(tmp_path: Path) -> None:
     store = RegistryStore(tmp_path / "registry.sqlite3")
     store.init_schema()
diff --git a/workplans/RAIL-FAB-WP-0017-financial-fabric-model-reset.md b/workplans/RAIL-FAB-WP-0017-financial-fabric-model-reset.md
index 6ffabd2..0af6e9b 100644
--- a/workplans/RAIL-FAB-WP-0017-financial-fabric-model-reset.md
+++ b/workplans/RAIL-FAB-WP-0017-financial-fabric-model-reset.md
@@ -237,7 +237,7 @@ Result:
 
 ```task
 id: RAIL-FAB-WP-0017-T05
-status: todo
+status: done
 priority: medium
 state_hub_task_id: "b8430050-94a8-43f6-9b3c-7928c5c6bb69"
 ```
@@ -262,6 +262,21 @@ Done when:
 - future tenant subfabrics can be added without changing the root fabric
   definition.
 
+Result:
+
+- Added `fabric/financial/railiance-netkingdom.yaml` as the current Railiance
+  netkingdom baseline with king, lord, one active fabric, inherited default
+  containment/ownership/accounting, and a future subfabric template.
+- Added `railiance_fabric/financial_baseline.py` to load the baseline and
+  project legacy `v1alpha1` exports into `v1alpha2` financial Fabric exports.
+- Added `railiance-fabric export --format financial` so the current graph can
+  emit a financial baseline projection.
+- Added tests proving the current graph projects to the Railiance baseline,
+  validates as a financial graph, has no unresolved gaps, and gives every node
+  inherited ownership in `fabric.railiance.primary`.
+- Verified with `python3 -m pytest tests/test_registry.py -q` and full
+  `python3 -m pytest`.
+
 ## T06 - Update Documentation, Fixtures, And Operator Guidance
 
 ```task