During the 1980s and 1990s, an era of neoliberal reform, global development institutions like the World Bank began promoting and financing the collective titling of indigenous territories. Extending and linking existing discussions of neoliberal multiculturalism and neoliberal natures, this paper interrogates indigenous land rights as a type of “ethno-environmental fix”, designed to synergise protection of vulnerable populations and highly-valued natures from the destructive effects of markets, in an era of multiple countermovements. Using the example of the titling of TCOs (Original Communal Lands) in Bolivia, the paper explores how governmental aspirations for indigenous territories unravelled in practice, producing hybrid, double-edged and “not-quite-neoliberal” spaces – spaces which have, paradoxically, emerged as key sites for the construction of more radical indigenous projects.