129Knots and Green Link Digital Bank Launch Global Embedded Finance Initiative to Unlock Liquidity in the Marine Fuel Industry
July 31, 2025: Green Link Digital Bank (GLDB) and 129Knots have joined forces to launch a global embedded finance program aimed at unlocking liquidity in the marine fuel industry. In the first stage of this strategic initiative, using 129Knots Origination- to-Distribution (OTD) platform, eligible borrowers across the global marine sector will be able to access working capital financing lines
Marine fuel is one of the most significant operating costs in the marine industry, where operating expenditure is three to five times the capital cost of a vessel over its lifecycle. Despite its scale and significance, the fuel operating cost structure of the marine industry has historically been overlooked and excluded by conventional financing models. This has created a structural, multi-billion dollar liquidity gap which persists today, and that is what 129Knots and GLDB are addressing with this initiative.
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. Delivered through 129Knots’ OTD platform, industry participants can now access institutional-grade liquidity, structured receivables financing, and programmable credit solutions embedded within their transaction flow. Starting with marine fuels today, 129Knots OTD platform and ecosystem is built for the future, scaling to offer holistic solutions across alternative fuels procurement, energy transition financing and related long term CAPEX requirements.
Looking ahead, the partnership is being developed to support a broader suite of next-generation financial products, such as tokenized receivables, 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.
“The marine fuel industry has long relied on fragmented financing and informal credit, limiting transparency and scale. Together with GLDB, we are enabling capital to move seamlessly across this value chain. This partnership solves the perennial problem of credit accessibility in the marine fuel industry. It also marks the first step toward filling a multi- billion-dollar gap by building a new asset class that brings structure and scalable opportunity to every participant.” said Vikash Dhanuka, Founder and Group CEO of 129Knots.
“At GLDB, we are committed to transforming how businesses manage their cash flow and supply chain financing. Through Embedded Financing partnership with 129Knots, we are breaking down traditional barriers and embedding financial solutions right where businesses operate,” said Melvin Teo, Chief Executive Officer of Green Link Digital Bank.