Green Link Digital Bank (GLDB) and 129Knots have announced a groundbreaking initiative to tackle liquidity challenges in the marine fuel industry. Launched on 25 July 2025, the partnership introduces a global embedded finance programme, allowing marine fuel sector participants to access working capital financing through 129Knots’ Origination-to-Distribution (OTD) platform.
The marine fuel industry, a significant operational cost in maritime operations, has historically been overlooked by traditional financing models, resulting in a multi-billion dollar liquidity gap. This initiative aims to bridge that gap by providing institutional-grade liquidity and structured receivables financing tailored to the industry’s needs.
The collaboration marks a pioneering effort to integrate a liquidity framework within the marine sector, offering solutions that extend beyond marine fuels to include alternative fuels procurement and energy transition financing. The platform is designed to evolve, supporting future financial products such as stablecoin-based settlements and programmable payment instruments.
Vikash Dhanuka, Founder and CEO of 129Knots, highlighted the transformative potential of the partnership: “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.”
Melvin Teo, CEO of GLDB, emphasised the bank’s commitment to innovation: “Through Embedded Financing partnership with 129Knots, we are breaking down traditional barriers and embedding financial solutions right where businesses operate.”
This initiative not only addresses immediate liquidity needs but also sets the stage for future advancements in financial technology within the marine industry.
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