Nammu21 Announces Strategic Investments from Nasdaq Ventures, State Street, and UBS
NEW YORK, March 17, 2025 /PRNewswire/ -- 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.
"Transforming syndicated loan and private credit documents into structured digital data"
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."
About Nammu21
Nammu21 is dynamically unlocking, classifying, digitizing, and converting static data buried in complex syndicated loan agreements into interoperable, harmonized, machine-readable digital identifiers, creating workflow and data solutions for the analogue market of today and developing programmatic credit instruments and data driven securities tradeable on chain for the markets of tomorrow. It was founded in 2017 and is based in New York City.
For more information, please visit our website at www.nammu21.com or follow us on LinkedIn: https://www.linkedin.com/company/nammu21/ and X: https://x.com/NammuTwentyOne.
About Nasdaq Ventures
Launched in 2017, Nasdaq Ventures is the global venture investing program of Nasdaq, Inc. Focused on cultivating technology advancement within financial services, Nasdaq Ventures invests in companies driving innovation in market infrastructure, data, analytics & workflow technologies, anti-financial crime, digital assets, ESG, and emerging asset classes. To learn more, visit: www.nasdaq.com/nasdaq-ventures.
About State Street Corporation
State Street Corporation is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $46.6 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of December 31, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
*Assets under management as of December 31, 2024 includes approximately $82 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
About UBS
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages 5.7 trillion dollars of invested assets as per fourth quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
Press Inquiries
contact@nammu21.com
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SOURCE Nammu21, Inc.