Our Thesis

Regulation creates
compulsory markets.
We build the infrastructure.

Every new regulation creates millions of businesses that must comply — but lack the systems, knowledge, and resources to do so. We turn that gap into AI-native infrastructure.

2
Markets entered
Professional Services + Trade Compliance
1
Playbook
Same architecture, different domain
TAM growth
Every regulation = new market
The Pattern

One playbook.
Every regulatory market.

We identified a repeating structure across industries: regulation creates a compliance burden that SMEs can't handle, but the underlying workflow is always the same.

01

Regulation lands

A government mandates compliance — creating a market by law, not by marketing. Demand is guaranteed and growing.

02

We systemize it

We map the regulation into structured workflows — every rule, every data field, every deadline becomes a deterministic process.

03

AI agents execute

Purpose-built agents handle the repetitive work — extraction, classification, drafting, validation. Humans review and approve.

04

Platform locks in

Once embedded, the switching cost is enormous. Every new client deepens the data moat. Every regulation extends the TAM.

“The same architecture that automates EU product compliance for a battery factory in Guangdong automates statutory filings for an accounting firm in Singapore. The playbook is the product.

Market 1 — Building

TOKATOS
Professional Services Execution Layer

Corporate secretarial and accounting firms in Singapore operate on manual coordination. Staff spend 40-60% of their time chasing documents, re-keying data, and doing work that never gets billed.

Same pattern: regulation mandates the work, firms can't handle the volume, AI agents execute while humans review.

500+
CSP firms in Singapore
Phase 0 target market
~85%
Gross margin
$1,490 rev vs ~$200 costs
40-60%
Staff time automatable
Chase, extract, file, bill
50%+
Case resolution speedup
From weeks to days

How it works

Agreement → Case → Resolution
Every service agreement auto-generates cases on a deterministic schedule. Agent executes within a gated pipeline — pre-gate, execution zone, post-gate.
Google ADK multi-agent orchestration
Built on Google's Agent Development Kit. 16 specialized agent skills orchestrated across sequential and parallel pipelines. Confidence gating with progressive autonomy — starts conservative, earns trust.
WhatsApp-first collection
Documents collected via WhatsApp — the channel clients already use. Photo a receipt, forward an email, upload a file. AI extracts and routes.
PE roll-up infrastructure
Multi-tenant by design. PE fund acquires firms → TOKATOS comes pre-installed. Portfolio-level visibility across all firms. Triple clip economics.

Expansion path

CS & AccountingPhase 0
Trust managementPhase 1
PE roll-up management layerPhase 2
Regional expansionPhase 3
Market 2 — Building

NusaX DPP
EU Trade Compliance Infrastructure

The EU's Digital Product Passport regulation requires every product sold in Europe to carry machine-readable compliance data. Asian manufacturers — who make 70%+ of these products — have no system to generate, host, or manage this data.

We built one.

€44B+
Addressable market
Growing by statute
Feb 2027
Battery passport mandatory
11 months away
<5%
Asian MFRs with any plan
Massive readiness gap
0
Competitors on supply side
All serve EU buyers, not makers

How it works

1
Manufacturer sends data
Via WhatsApp, email, CSV, or API — in any language. Photos, invoices, test certificates.
2
AI agents process
Extract, classify, validate, and map to EU schema. GS1 Digital Link. Verifiable Credentials. Multi-language.
3
DPP issued
Hosted, QR-linked, ESPR-compliant Digital Product Passport — ready for EU market access.

TAM expands by law

BatteriesFeb 2027
€6B
Steel & IronH2 2027
€10B
Textiles2028
€20B
Electronics2029
€30B
Full ESPR2030
€44B+
Each sector added by EU delegated act — not NusaX marketing. The market grows whether we spend or not.
Proof of Pattern

Two markets.
One architecture.

Dimension
TOKATOS
NusaX DPP
Regulatory driver
SG Companies Act, IRAS, ACRA
EU ESPR / Battery Regulation
Who's burdened
CS/accounting firms in Singapore
Asian manufacturers exporting to EU
Core workflow
Receive case → AI executes → human reviews → file
Collect data → AI processes → issue compliant DPP
AI agent role
Draft, extract, classify, coordinate, bill
Extract, classify, validate, map to EU schema
Input channels
WhatsApp, email, portal, documents
WhatsApp, email, CSV, API
Lock-in mechanism
200+ companies, case history, integrated billing
System of record for compliance data
TAM growth
Each regulation change = new case types
Each EU delegated act = new sector
PE angle
Pre-installed platform for firm roll-ups
Infrastructure for supply chain compliance

Different regulations. Different industries. Different geographies. Same playbook. Same architecture. Same economics.

Compounding Moats

Why this gets harder
to compete with over time.

01

TAM grows by statute

Each new EU delegated act adds a sector. Each SG regulatory change adds case types. Our market grows by law — competitors would need to wait for the same regulations and then build from zero.

02

Switching costs compound

Once a manufacturer's compliance data lives in NusaX, moving means re-entering everything. Once 200 companies run through TOKATOS, leaving means rebuilding years of case history.

03

Data network effects

Every DPP issued improves our classification models. Every case in TOKATOS sharpens the agent's accuracy. The 1,000th passport is cheaper and better than the first.

04

Regulatory depth as moat

Years of encoded edge cases, regulatory quirks, and domain knowledge. Can be studied but not shortcut. This is the kind of depth you can't buy — only earn.

The Flywheel

New regulationNew market (by law)Deploy existing architectureNear-zero marginal cost

Each cycle makes the next one cheaper and faster.

Why Singapore

Trusted jurisdiction.
By design.

When you build infrastructure that sits between regulators, businesses, and data across borders — where you're incorporated matters. Singapore isn't a convenience. It's an architectural decision.

#1
Ease of doing business
World Bank ranking (2020)
76+
Trade agreements
Global network of FTAs & DTAs
AAA
Credit rating
One of 11 countries worldwide

Rule of law

Common law system with an independent judiciary. Top 5 globally for contract enforcement. When counterparties in different jurisdictions need neutral ground to hold compliance data or resolve disputes — Singapore is the default choice.

Data protection & IP

PDPA-compliant data governance framework, strong IP regime, politically stable for decades. Recognized as adequate for cross-border data transfers with the EU, APAC, and MENA — critical when your platform holds regulated product and entity data.

Asia's coordination hub

English + Mandarin + Malay. 4-hour flight to every major manufacturing hub in Asia. 76 trade agreements. The natural coordination point for cross-border compliance infrastructure — whether goods flow to the EU, the Middle East, or within ASEAN.

Professional services density

Largest concentration of CS, accounting, trust, and fund administration firms in SEA. Direct addressable market for TOKATOS. Singapore-based firms serve entities across the region — making it a launchpad, not just a local play.

Singapore isn't where we happen to be. It's where you have to be if you're building regulated infrastructure that bridges Asia with the rest of the world.

Interested?

Drop your email. We'll follow up within 24 hours.

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