RWA platform Allo secures $100m Bitcoin-backed credit facility
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 23 2024Allo Secures Funding: Allo, a platform for tokenizing real-world assets, has raised $100 million in debt financing to enhance its Bitcoin-backed lending services, with support from notable lenders including Greengage.
Market Potential and Partnerships: The company aims to capitalize on the growing tokenization market, which is projected to reach $24 trillion by 2027, while also forming strategic partnerships within the crypto ecosystem to strengthen its offerings.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
