{
Allot Ltd.

Companies

}
001122334455554433221100
001122334455554433221100
Symbol ALLT
Name Allot Ltd.
Currency USD
Sector Information Technology
IndustryGroup Software & Services
Industry Software
Market NASDAQ Global Select
Country Israel
State
City Hod HaSharon
Zipcode 4501317
Website http://www.allot.com
Track all markets on TradingView

Allo secures 100 million dollar bitcoin-backed credit facility to boost tokenization

Dubai-based Allo has secured a $100 million Bitcoin-backed credit facility from a consortium of lenders, including Greengage and a U.S. financial institution. Specializing in real-world asset tokenization, Allo has facilitated $2.2 billion in tokenized assets and raised $2.75 million in funding to date. The market for tokenized assets has surged in 2024, with total value increasing from $8.3 billion to nearly $13.9 billion, driven by institutional interest and advancements in blockchain solutions.
Coinchapter
United States Dollar Allot Ltd. Morningstar, Inc. BlackRock, Inc. TCW Securitized Bond Plan ARE Show more
Finance & Economy, Market Report
22:54 19.12.2024

Allo secures 100 million dollar bitcoin-backed credit facility for tokenization efforts

Allo, a Dubai-based tokenization platform, has secured a $100 million Bitcoin-backed credit facility from a consortium of lenders, including Greengage. The company has previously raised $750,000 through Binance Labs and nearly $2 million in seed funding, facilitating over $2.2 billion in tokenized assets on the BNB Chain. With the tokenization market projected to reach nearly $2 trillion by 2030, Allo's innovations are part of a growing trend that allows real-world assets to be digitized for easier investment.
Cointelegraph
United States Dollar Euro Allot Ltd. BlackRock, Inc. TCW Securitized Bond Plan Banque de France ARE FRA USA Show more
Finance & Economy, Market Report
17:55 19.12.2024
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