Dubai-based Allo has secured a $100 million credit line backed by Bitcoin, as announced on Dec. 19. This funding comes from lenders like Greengage and a major U.S. institution. Allo specializes in tokenizing real-world assets and onchain lending. Before this, the company raised $750,000 through Binance Labs and nearly $2 million in seed funding.

Tokenization is booming, turning assets like real estate and gold into digital tokens. The total value of tokenized assets has surged to $13.9 billion, driven by private credit and US Treasury bonds. McKinsey forecasts the market could hit $2 trillion by 2030.