Allo Makes Strategic Partnership with Jagad for $2B in RWAs

Allo.xyz partners with Jagad to tokenize Indonesian real estate, creating a native lending marketplace for on-chain assets.
Allo, managing $2 billion in assets, aims to expand access to real-world assets and tap into the Indonesian market's potential.
The collaboration is set to boost blockchain adoption in real estate, offering new opportunities for global investors in Indonesian property.

RWA protocol Allo has entered into a strategic partnership with Jagad, Indonesia's first tokenized settlement platform, to bring Indonesian real estate on-chain.

The cornerstone of this partnership is the development of a native lending marketplace through Allo’s revolutionary infrastructure. This marketplace will provide a seamless platform for users to leverage their tokenized assets for lending and borrowing, thus creating new liquidity avenues and maximizing yield potential.

Allo is the world’s largest RWA marketplace, managing over $2 billion in assets with more than 1,600 RWAs and 20,000 high-net-worth clients. It lets users tokenize, invest in, and trade any financial asset on-chain. Allo uses a unique fund administration ledger to boost speed, efficiency, and reduce costs, while supporting multiple blockchains like BNB Chain, Polygon, and OP Stack.

“We are thrilled to partner with Jagad in this groundbreaking initiative,” said Kingsley Advani, Founder of Allo.

“This partnership not only underscores our commitment to expanding access to real-world assets but also reflects our belief in the immense potential of the Indonesian market. By bringing these assets on-chain, we're opening up new opportunities for investors globally.”

Jagad, known for its cutting-edge technology and deep understanding of the local real estate landscape, will play a pivotal role in the tokenization process and the ongoing management of these digital assets. The partnership leverages Jagad's extensive network and expertise in the Indonesian property market, ensuring a robust pipeline of high-quality real estate assets for tokenization.

The partnership between Allo and Jagad Indonesia is expected to drive significant growth in the adoption of blockchain technology within the real estate sector, offering unprecedented opportunities for investors.

Edited by Harshajit Sarmah