Global fintech venture 129Knots has launched with a $10 million investment led by Sing Fuels. Backed by a $500 million deal pipeline, it is set to revolutionize the industry with its real-world asset origination to distribution (OTD) technology.
Secure chain technologies to develop and implement scalable liquidity solutions. OTD technology will completely transform deep-tier businesses. Supply chains will become high-value assets that satisfy investment-grade requirements.
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Additionally, Tribal Knots, a unique data-driven credit engine, powers the platform. Tribal Knots provides real-time insights into customer behavior, transaction trends, and industry standards by integrating structured and unstructured data from global networks and utilizing cutting-edge machine learning.
Additionally, 129Knots will provide a wide range of next-generation OTD solutions in trade credit, asset tokenization, programmable money, blockchain technology, enhanced trade audit trails, creative credit risk assessment models, stablecoin-powered transactions, and trade governance. With ambitions 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 industry.
129Knots claims that the tremendous demand for cutting-edge asset origination to distribution platforms is demonstrated by the pipeline of more than $500 million in projects and the financial vote of confidence from one of Singapore’s fastest-growing corporations.
Vikash Dhanuka, Founder & Group CEO, said: “The homogeneous approach of balance-sheet-led lending is obsolete.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. 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.”
Mahesh Kumar, co-founder and interim CEO at 129Knots, said: “At the forefront of the real-world asset economy, 129Knots strives to become the world’s most trusted originator and distributor of real-world assets and to revolutionize deep-tier trade industries with safe, efficient, and next-gen secure chain technologies. 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.”
About 129Knots
A cutting-edge, real-world asset origination-to-distribution (OTD) infrastructure is being pioneered by 129Knots. By providing and implementing scalable liquidity solutions via secure chain technologies, our innovative technology will completely transform deep-tier industries. Supply networks will become high-value assets that satisfy investment-grade requirements thanks to 129Knots, a proprietary credit engine.
With further assistance from McKinsey & Company, Enterprise Singapore, and IBM consultancy, 129Knots was incubated and launched under the Singapore Economic Development Board’s (EDB) Corporate Venture Launchpad program.
