The Bitcoin-tied credit line was funded by a consortium of lenders, including Greengage and a “long-standing” US institution.
Dubai-based tokenization platform Allo has secured a $100 million financing backed by Bitcoin (BTC).
According to a Dec. 19 announcement, the credit line was funded by a consortium of lenders, including Greengage and a “long-standing” United States institution.
The platform allows real-world asset tokenization and onchain lending. Prior to the credit line, Allo secured $750,000 in investment as part of its participation in the Binance Labs accelerator program. The company has also raised nearly $2 million in seed funding from investors such as NGC, Gate Labs, and Morningstar Ventures.
