Sing Fuels led a $10 million investment in the launch of Singapore-based fintech company 129Knots.
129Knots said in a statement on Monday that it is poised to transform the industry with its real-world asset origination to distribution (OTD) technology, supported by a $500 million deal pipeline.
The statement claims that by using secure chain technologies to deliver and implement scalable liquidity solutions, OTD technology will completely transform deep-tier industries.
Supply chains will become high-value assets that satisfy investment-grade requirements as a result.
Additionally, Tribal Knots, a proprietary data-driven credit engine, powers the platform.
Tribal Knots provides real-time insights into customer behavior, transaction patterns, and industry benchmarks by integrating both structured and unstructured data from global networks and utilizing cutting-edge machine learning.
Under the Singapore Economic Development Board’s (EDB) Corporate Venture Launchpad program, which assists Singaporean companies with venture creation and startup partnerships, 129Knots was incubated and launched.
The company created 129Knots to spur innovation in the real-world asset economy after collaborating with McKinsey & Company to validate its market opportunity.
The $10 million capital injection and the extra assistance from Enterprise Singapore and IBM consulting will help 129Knots expand internationally as it seeks to close the $2.5 trillion gap between trade finance requests and approvals—its first value proposition for entering the market.
Additionally, 129Knots will provide a wide range of next-generation OTD solutions in the areas of trade credit, asset tokenization, programmable money, blockchain technology, advanced trade audit trails, creative credit risk assessment models, stablecoin-powered transactions, and trade governance.
With plans to spread into other rapidly growing industries, these technologies will revolutionize asset management in the real world, improve transparency, and mitigate risk. They will start in the marine energy transition sector.
129Knots claims that the overwhelming demand for cutting-edge asset origination to distribution platforms is demonstrated by the pipeline of more than $500 million in deals and the financial vote of confidence from one of Singapore’s fastest-growing companies.
“The homogeneous approach of balance-sheet led lending is obsolete. A one-size-fits-all approach simply fails in a dynamic sector such as global trade,
“At 129Knots, we redefine the game with a tailored integration of OTD technology, business risk management, and finance,” said Vikash Dhanuka, Founder and Group Chief Executive Officer.
“As an example, a small marine energy supplier in an emerging market can tokenize receivables using programmable money, enabling instant credit disbursement upon achieving predefined milestones verified in real-time through advanced governance audit trails,
“This innovation provides financiers with full visibility into trade assets, mitigates risks and unlocks capital previously unavailable through conventional channels,” he added.
At the forefront of the real-world asset economy, 129Knots aims to become the most reputable originator and distributor of real-world assets worldwide and transform deep-tier trade industries with safe, effective, and next-generation secure chain technologies, according to Mahesh Kumar, co-founder and interim CEO.
“129Knots is therefore more than just a fintech platform; it is designed for scalability and adaptability,
“Our cutting-edge OTD technology seamlessly provides end-to-end data visibility from asset origination to distribution,” he added.
