Description
Allo is a decentralized platform that functions as the world's fastest stock exchange, enabling users to trade US stocks onchain 24/7 from anywhere in the world. The platform utilizes a fast execution layer on multiple blockchains for instant transactions, eliminating the traditional T+2 settlement period. All tokenized stocks are 1:1 backed, and users maintain control of their funds through self-custody. Allo aims to make stock trading more accessible by offering a unified portfolio to manage both stock and crypto assets, with no hidden charges beyond gas fees. The company is building the world’s first exchange for tokenized stocks with 24/7 trading, low fees and instant settlement to democratize investing. Built on blockchain technology, Allo has tokenized $2.2B in RWAs, staked $50M in BTC, and launched a $100M lending facility. Their products include Allo Chain, DeepFund, Tokenize, Trade, and Lend. They are a Protocol for Real World Assets and Bitcoin, enabling users to stake, trade, and borrow crypto assets.