Green Link Digital Bank and 129Knots have launched a pioneering global embedded finance program designed to enhance liquidity in the marine fuel sector. This initiative addresses a significant multi-billion-dollar liquidity gap, which has been largely ignored by traditional financing models due to the unique operating cost structure of marine fuel.
Vikash Dhanuka, Founder and Group CEO of 129Knots, emphasized that the partnership aims to improve credit accessibility within the marine fuel industry. Melvin Teo, CEO of Green Link Digital Bank, noted that their collaboration seeks to dismantle traditional barriers by integrating financial solutions directly into business operations.
The first phase of this initiative will utilize the 129Knots Origination-to-Distribution (OTD) platform, allowing eligible borrowers to access essential working capital financing. This marks a groundbreaking move to create a liquidity framework tailored specifically to the operational needs of the marine industry.
Additionally, the partnership aims to develop a range of next-generation financial products, including stablecoin-based settlements and programmable payment instruments. These innovations will enhance transparency and connectivity in procurement, financing, and settlement processes for Green Link Digital Bank.
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