Allo, a platform for tokenizing real-world assets, has raised $100 million in debt financing to strengthen its Bitcoin-backed lending business. The funding round was led by Greengage and an undisclosed US institution. Allo plans to use the credit facility to enhance its crypto-backed lending service for both institutional and individual clients. The platform has seen significant growth in its Bitcoin staking ecosystem and tokenization of real-world assets on the BNB Chain. The company aims to bring traditional finance on-chain and capitalize on the growing market for tokenized assets. Allo has also formed strategic partnerships with Cobo and Chainlink.
- Content Editor ( crypto.news )
- 2024-12-23
RWA platform Allo secures $100m Bitcoin-backed credit facility