Nodalera
The operating layer for programmable private credit.
Structure, issue, service and transfer private-credit exposures through one governed execution layer.
Built for private credit first. Designed as reusable infrastructure for programmable financial markets.
The market problem
Private credit has capital. It has assets. What it lacks is a shared execution layer.
A private-credit transaction crosses originators, SPVs, trustees, investors, banks, servicers and settlement infrastructure.
Each participant controls one part of the lifecycle. No one coordinates the whole transaction.
The result is repeated structuring, manual handoffs, fragmented servicing, limited price visibility and difficult transfers.
Nodalera coordinates the market without replacing the institutions already inside it.
One pool, multiple exposures
One pool. Different ways to own the economics.
A ₹100 crore receivables pool does not have to become one homogeneous investment.
Its cash flows and risk can be structured into differentiated investor exposures.
Capital Certificate
Principal-oriented exposure with seniority in the loss waterfall.
Income Certificate
Exposure to the interest generated by the underlying receivables.
Opportunity Certificate
Residual economics paired with first-loss exposure.
The underlying pool remains the same. What changes are the contractual rights to its cash flows, priority and risk.
Nodalera is currently building and validating this operating model for private-credit markets.
See how the PTC marketplace worksThree pillars
A financial product needs more than a digital representation.
Executable
Can ownership, eligibility, settlement, servicing and transfer operate end to end?
Enforceable
Are the investor’s rights over the underlying economic asset legally established?
Investable
Does the structure create a risk-return exposure investors actually want to own?
Executable. Enforceable. Investable.
That is how Nodalera approaches market creation.
Governed lifecycle
One governed lifecycle, from pool formation to maturity.
Form the pool
Define eligible assets, concentration limits and pool economics.
Structure the rights
Create the legal and economic rights represented by each PTC.
Allocate and settle
Coordinate investor eligibility, allocation, money movement and ownership.
Service the market
Execute collections, waterfalls, distributions, reconciliation and evidence.
Enable governed transfer
Coordinate eligibility, price, ownership and settlement when a position changes hands.
Transferability does not imply guaranteed liquidity. Secondary execution depends on eligible buyers and market depth.
Existing market institutions
Built around the institutions that already make the market work.
Originator
Creates and services the underlying receivables.
SPV / Trustee
Holds the securitised pool and administers investor rights.
Rating, legal and compliance
Establish the transaction framework and independent controls.
Banks and settlement infrastructure
Move money and support collections and distributions.
Allocators
Provide capital and hold the economic exposures.
Nodalera
Coordinates rules, ownership, settlement, servicing and evidence across the lifecycle.
Institutions define the rules. Nodalera coordinates their execution.
Operating market
From primary issuance to an operating market.
Traditional infrastructure often treats issuance as the finish line.
For Nodalera, it is the beginning.
Primary market
Pool formation, certificate issuance, investor eligibility, allocation and settlement.
Lifecycle
Collections, waterfalls, distributions, reporting and continuously updated positions.
Secondary transfer
Price visibility, eligible buyers, controlled transfer and settlement.
A market is not created when an instrument is issued. It is created when the instrument can operate through its full lifecycle.
Built for both sides of the private-credit market.
For originators
Turn receivables into repeatable institutional markets without rebuilding the operating stack for every transaction.
For allocators
Access differentiated private-credit exposures with clearer economics, lifecycle visibility and governed transferability.
Longer-term standard
The longer-term product standard: treasury-grade private credit.
Nodalera is working toward private-credit instruments with the transparency, predictability and governed transferability enterprises need to increasingly consider them for short-term capital management.
Treasury-grade is an outcome to earn, not a guarantee of liquidity, principal or cash equivalence.
Compounding infrastructure
Private credit first. Infrastructure that compounds.
Every market launched through Nodalera creates reusable infrastructure.
The next market starts further ahead.
Nodalera is building private-credit infrastructure today and a reusable execution layer for programmable financial markets over time.
Build the next private-credit market with us.
For originators exploring securitisation, allocators evaluating private credit, and institutions building the infrastructure around them.