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Title: 129Knots launches with 10M dollar investment led by Sing Fuels, over 500M dollar deal pipeline, and first of its kind real-world asset origination to distribution OTD technology
Singapore, 29th Jan 2025 - The OTD technology will reinvent deep-tier industries by delivering and deploying scalable liquidity solutions through secure chain technologies. This will elevate supply chains into high-value assets that meet investment-grade standards. Moreover, the platform is driven by a proprietary data driven credit engine named Tribal Knots. Tribal Knots uses advanced machine learning and integrates both structured and unstructured data from global networks to offer real-time insights into buyer behavior, transaction patterns, and industry benchmarks. 129Knots was incubated and launched under the Singapore Economic Development Board (EDB) Corporate Venture Launchpad programme, which supports companies with venture creation and startup partnerships from Singapore. The corporation partnered with McKinsey & Company to validate its market opportunity, which led to the creation of 129Knots to drive innovation in the real-world asset economy. The additional support from Enterprise Singapore and IBM consulting, combined with the $10 million capital injection, will help scale 129Knots globally as it aims to solve the $2.5 trillion gap between trade finance requests and approvals, which is its first market entry value proposition. 129Knots will also offer a vast range of next-gen OTD solutions across trade credit, asset tokenization, programmable money, stablecoin-powered transactions, blockchain technology, advanced trade audit trails, innovative credit risk assessment models, and trade governance. These technologies will redefine real-world asset management, increase transparency, and enhance risk mitigation beginning in the marine energy ...
This press release is issued by King Newswire