129Knots and Green Link launch embedded finance for marine fuel liquidity

The financing is a first in the industry to introduce a liquidity framework for marine operations.

Green Link Digital Bank and 129Knots have launched a global embedded finance programme aimed that aims to unlock liquidity in the marine fuel industry.

According to the parties, the initiative aims to address the multi-billion-dollar liquidity gap in marine fuel, a problem arising because its operating cost structure is overlooked and excluded by conventional financing models.

Vikash Dhanuka, Founder and Group CEO at 129Knots said the partnership addresses the credit accessibility problem in the marine fuel industry.

"Through Embedded Financing partnership with 129Knots, we are breaking down traditional barriers and embedding financial solutions right where businesses operate." Melvin Teo, Chief Executive Officer at Green Link Digital Bank said.

The first stage of this initiative will make use of the 129Knots Origination-to- Distribution (OTD) platform, giving eligible borrowers access to working capital financing lines.

"This partnership marks a first-of-its-kind move in the industry to introduce a liquidity framework tailored to the operational demands of the marine industry and its stakeholders," a statement read.

The partnership is being developed to support a broader suite of next-generation financial products, such as stablecoin-based settlements and programmable payment instruments. These solutions, enabled by 129Knots, will enhance transparency and connectivity across procurement, financing, and settlement processes for GLDB.