Nammu21, a platform transforming syndicated loan and private credit documents into data lakes of digital tokenized data, today announced it has secured new strategic investments from Nasdaq Ventures, State Street Corporation, and UBS. Existing investors include Citi, Humla Ventures, Galaxy Ventures, as well as other market leading digital platforms.
Using its proprietary framework called the 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, building programmatic digital security masters. With fully automated technology that recognizes the context and structure of complex loan documents, Nammu21 streamlines loan operations, improves productivity by eliminating the inefficiencies of manual inputs across legacy operating systems, and provides 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. 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,” said Someera Khokhar, Founder and CEO of Nammu21.
Nammu21 also intends to release a suite of expert AI agents and assistants utilizing the NEL Protocol. These agents will provide clients with immediate access to their data, enabling the development of personalized workflow tools and the creation of digital credit instruments and smart contracts.
“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, Nasdaq, and Head of Nasdaq Ventures. “By automatically extracting data from complex and often non-standardized transaction documents, Nammu21 can unlock dozens of new opportunities for financial institutions by automatically providing access to rich data and analytics on key loan provisions. We are proud to partner with Nammu21 to help them execute on their next stage of growth and innovation.”
“We are proud to partner with Nammu21, united by a shared vision to drive the digitization and tokenization of the credit ecosystem,” said Scott Carpenter, global head of Alternatives from State Street. “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.”
