Allo.xyz, a platform specializing in real-world asset (RWA) tokenization and lending, has secured a landmark $100 million Bitcoin-backed credit facility, further expanding its footprint in the burgeoning crypto lending market.
The financing round, facilitated by a consortium of lenders that includes Greengage and a long-standing U.S. institution, underlines the rising demand for Bitcoin-secured lending solutions across both institutional and individual participants.
This new credit facility will bolster Allo’s BTC-backed lending services, offering a pathway for clients seeking to leverage Bitcoin holdings for liquidity, according to an announcement.
The company said it has staked over 544 BTC (valued at more than $50 million) via the Babylon Bitcoin Staking Protocol, an initiative that has resulted in the minting of the $alloBTC token—now listed prominently on DeFiLlama.
Sean Kiernan, Chief Executive of Greengage, welcomed the development, stating:
We’re excited to support this much-needed new venture and look forward to seeing great things to come.
According to Allo, bridging traditional finance with blockchain technology remains central to its mission, and the company sees its Bitcoin staking services as a critical component of that strategy.
Allo’s momentum is further emphasized by its inclusion in the Binance Labs and BNB Chain MVB Accelerator program, from which it secured up to $750,000 in investment.
The startup is also preparing to launch its native $RWA cryptocurrency, aimed at adding new utility to its ecosystem.
This expansion aligns with Allo’s significant strides in tokenizing real-world assets, having surpassed $2.2 billion in Total Value Locked (TVL) across various assets on the BNB Chain.
Through its on-chain RWA fund solution, Allo enables anyone to create funds in under a minute, lowering barriers to entry for asset management.
Beyond Bitcoin lending, Allo has received a $50 million term sheet for lending against SpaceX stock—an effort to offer efficient borrowing solutions for private market shareholders.
The firm has also garnered regulatory and industry recognition, including acceptance into the Qatar Financial Center Digital Asset Lab.
Strategic partnerships with BNB Chain, Binance Labs, Cobo, Babylon, and Chainlink further underscore Allo’s commitment to a compliant and forward-looking approach.
With a leadership team bringing over 60 years of combined experience in cryptocurrency and real-world assets, Allo.xyz says it aims to tap into the estimated $900 trillion real-world asset market.