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129Knots launches OTD Technology with $10m Investment from Sing Fuels

By Gloria Mathias

February 03, 2025

  • 129Knots
  • Asset Origination to Distribution Platform
  • Financial Technology
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129Knots , OTD, Asset Origination to Distribution Platform, FInTech News, Financial Technology, Indian Origin FinTech Founders, Global FInTech news, Global FinTech venture 129Knots, founded by leaders of Indian origin, has launched real-world asset origination to distribution (OTD) technology. Sing Fuels led the $10 million investment, and a $500 million deal is in the pipeline.

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 behaviour, 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 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 wide range of next-gen OTD solutions for trade credit, asset tokenisation, 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 transition sector and expanding into other high-growth industries.

According to 129Knots, the pipeline of over $500 million in deals, combined with the financial vote of confidence from one of Singapore’s fastest-growing companies, is clear evidence of the overwhelming demand for an asset origination to the distribution platform.

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.”

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