the diGital framework for private credit
The NEL Protocol for
Digital Credit Instruments
UNLOCK EFFICIENCIES and INNOVATION
NEW DIGITAL OPERATING MODELS
Tools for Human and AI Processes
THE REALTIME CREDIT INSTRUMENT
Creating Expert AI Agents for Private Credit
The Next Financial Renaissance
Contact
/phase1
From documents to digital data
The N21 Framework powers the digitization of analogue private credit transactions using the NEL Protocol, enabling immediate access to harmonized data and transforming workflow efficiencies across the private markets.
digitize
The NEL Protocol for Digital Credit Instruments transforms complex language-based transactions into computable business logic and golden source reference data.
distribute
Authoritative Golden Source Data and APIs Deliver Data for Internal Credit Processes and Market System Integrations
/phase2
USAGE and OPERATIONAL TRANSFORMATION
Harmonized golden source data and advanced digital tools empower human, algorithmic, and AI process flows. NEL instruments are designed to be responsive in realtime to external data flows, publishing lifecycle events for consumption by internal and market systems.
INTERFACE + INTEGRATE
Portfolio Analytics and APIs for Generating Knowledge and Insights
QUERY + AUTOMATE
Computable Financial Constructs, Lifecycle Data Packets
/phase3
NEW DIGITAL ECOSYSTEMS
N21 provides future-facing tools, knowledge graphs, and infrastructure to power the innovation shaping tomorrow’s markets. We collaborate with our customers on asset tokenization, public and private blockchains, autonomous smart contracts, and emerging classes of AI agents.
AI AGENTs
N21 Cognitive Modules Power Expert LLM Agent Behavior
RAG Data Agent
Knowledge Graph Modules
Reference Chat Agent
TOKENIZATION
Onchain Representations of Computable Financial Constructs
Value
Fractional Ownership Rights
Derivatives
Synthetics
/phase 1.A
DIGITIZE
TRANSFORMS LANGUAGE INTO COMPUTABLE FINANCIAL CONSTRUCTS
The NEL protocol enables the semantic digitization of your transaction portfolio into a golden source data service, a shared foundation layer of truth to drive operations.
Powered by a comprehensive knowledge graph of credit instruments and library of finance language Metapatterns, the N21 FLP Engine ingests transaction documents at scale, creating harmonized authoritative golden source data.
/phase 1.B.1
DISTRIBUTE
Transform internal systems and workflows
Eliminate duplicative manual data entry processes and spreadsheet silos with N21’s GraphQL APIs. Permissioning at the Group, Role, and User levels enforces your data access rights and security policies.
Sharing a common knowledge model and data protocol for credit constructs enables seamless cross-functional coordination, workflow process design, and AI integrations. N21 Data Modules can programmatically update other systems, such as asset booking.
/phase 1.B.2
DISTRIBUTE
N21 Integrates with a growing number of the largest market platforms
The NEL Protocol creates the foundation layer for digitized API-driven operations across organizational boundaries. Your data becomes interoperable with other market systems, and embeddable UI modules enable our market partners to quickly integrate powerful new capabilities.
N21 creates new market efficiencies today while providing the framework for tomorrow’s digital credit instruments and operating models.
/phase 2.A
INTERFACE + INTEGRATE
The N21 application layer provides  a variety of visual tools for interacting with digitized transactions, both individually and as a portfolio. Harmonized data enables faster time-to-insight and  benchmarking, with integrated access to the underlying language for human and AI validation.
/phase 2.B
Query + Automate
The next wave of efficiency and innovation gains will be driven by NEL realtime digital credit instruments. Encoded business logic responds algorithmically to changes in state parameters in the funded enterprise and market conditions.
/phase 3.A
DATA AGENTS
Plug & Play Specialized Knowledge Modules
The private credit market is exploring AI with use-cases focused on operational efficiencies and creating alpha. We are building agents that perform like an expert in private credit documents and data.
Our NELI chat agent acts as an expert data assistant, driven by an embedded understanding of the semantics and syntax of credit instruments. These are provided by our Foundation Knowledge Graph and Metapattern language, which act as cognitive modules providing embeddable expertise for agents.
NORMALIZED MEMORY:
VECTOR + GRAPH STORAGE
The N21 Data Lake offers a hybrid storage model with normalized data fields across your entire portfolio. Your RAG efforts can be immediately powered by harmonized data and semantic vector embeddings tied to the foundation knowledge graph and source language.
For this example, the portfolio in the chat has been constrained to Jan-July 2024 of the over 9000 transactions in the N21 Public Dataset.
Production usage scenarios retrieve from private portfolio data, with N21 Public data available for integration.
/phase 3.B
TOKENIZATION
Computable, Composable Representations Of Assets And Business Logic
Beyond new efficiencies created by tokenization in issuance, settlement, and management processes lies entirely new breeds of decentralized financial instruments. Empower your innovation and quest for alpha with N21’s next-generation tools for instrument authoring and architectures for new digital financial ecosystems.
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