Allo secures $100m to expand Bitcoin-backed lending platform

Allo, a platform for real-world asset (RWA) tokenisation and lending, has secured a $100 million Bitcoin-backed credit facility.

Crypto platform Allo has secured a $100 million Bitcoin-backed credit facility, further expanding its services catering to institutional and individual participants in the growing crypto lending market.

Allo has also staked over 544 BTC (valued at over $50 million) through the Babylon Bitcoin Staking Protocol. This positions Allo as a key player in enabling Bitcoin-secured networks, with its BTC staking solution minting the $alloBTC token, which is featured prominently on DeFiLlama.

The financing round was facilitated by a consortium of lenders including Greengage and a long-standing US institution, reflecting rising demand for Bitcoin-secured lending solutions.

Allo was also selected for the Binance Labs and BNB Chain MVB Accelerator program, securing up to $750,000 in investment. The company is also preparing to launch its native $RWA cryptocurrency, adding new utility to its ecosystem.

Moreover, Allo has tokenised real-world assets, with over $2.2 billion in Total Value Locked (TVL) across various assets on the BNB Chain. Allo’s innovative onchain RWA fund solution allows anyone to create funds in under 60 seconds, opening up new possibilities for asset management.

Highlighting the vast opportunities in tokenising real-world assets, Allo has also secured a term sheet for lending against SpaceX stock, enabling efficient borrowing solutions for private market shareholders.

Allo’s achievements have led to its acceptance into the Qatar Financial Center Digital Asset Lab, underscoring the platform’s commitment to regulatory compliance and technological advancement.

With strategic partnerships across the ecosystem—including BNB Chain, Binance Labs, Cobo, Babylon, and Chainlink—Allo is supported by a strong network of industry leaders.

Allo’s æteam, boasting over 60 years of combined cryptocurrency and real-world assets experience, is dedicated to unlocking new opportunities and driving innovation in the decentralised financial ecosystem.