Nammu21, a platform revolutionizing syndicated loan and private credit documents by converting them into digital tokenized data lakes, has announced new strategic investments from Nasdaq Ventures, State Street Corporation, and UBS. Existing investors include Citi, Humla Ventures, Galaxy Ventures, and other leading digital platforms.
Transforming Credit Markets with Digital Innovation
Using its proprietary NEL Protocol, Nammu21 enables financial institutions and private credit funds to extract key provisions and map data connections from syndicated loan and private credit documents, creating programmatic digital security masters. The platform’s fully automated technology understands the context and structure of complex loan documents, streamlining loan operations, improving productivity, and increasing transparency across portfolios of credit instruments.
“Our investors share our commitment to transforming current market systems and developing new credit protocols for emerging digital platforms,” said Someera Khokhar, Founder and CEO of Nammu21. “We are excited to collaborate with these leading financial and digital institutions on building new systems and trading architectures to advance innovation in the private markets.”
Expanding AI Capabilities
Nammu21 also plans to launch a suite of expert AI agents and assistants leveraging the NEL Protocol. These AI-driven tools will provide clients with instant access to their data, enabling the development of customized workflow solutions and the creation of digital credit instruments and smart contracts.
Industry Leaders Support Nammu21’s Vision
“Underpinned by powerful technology, the Nammu21 platform serves as a single source of truth for syndicated loan and private credit teams,” said Gary Offner, Senior Vice President at Nasdaq and Head of Nasdaq Ventures. “By automatically extracting data from complex and often non-standardized transaction documents, Nammu21 unlocks new opportunities for financial institutions by delivering rich data and analytics on key loan provisions. We are proud to support Nammu21 as they drive the next stage of growth and innovation.”
Scott Carpenter, Global Head of Alternatives at State Street, added, “We are proud to partner with Nammu21, united by a shared vision to drive the digitization and tokenization of the credit ecosystem. This collaboration is central to our strategy of automating manual processes in syndicated and private loans, enabling us to scale effectively and better support the growth of private credit markets and our loan trading clients.”