ETHZilla moves into onchain housing finance with 15% Zippy acquisition

Former biotech company ETHZilla (ETHZ) is expanding into real-world asset markets by acquiring a 15% stake in US-based digital housing lender Zippy for $5 million in cash and $16.1 million in stock. Zippy, founded in 2021, originates manufactured-home loans via a digital platform. The partnership aims to combine Zippy’s loan origination and AI systems with ETHZilla’s tokenization stack for the onchain distribution of chattel loans, potentially including forward-flow sales to institutions. ETHZilla will gain a board seat and a 36-month exclusivity period for Zippy's blockchain infrastructure and tokenization activities. This acquisition follows ETHZilla's recent 20% stake purchase in auto-finance startup Karus and is part of its broader strategy as the sixth-largest Ether treasury company. Despite this strategic move, ETHZilla's stock price, like other Ether treasury companies, has declined significantly since the token's peak.

(Source：Cointelegraph)