ETHZilla (ETHZ) announced it has entered into several agreements with Zippy, a digital lending platform for manufactured home loans. Under the terms, ETHZilla will acquire a 15% fully diluted ownership stake in Zippy for $5M in cash and $16.1M in shares of common stock. The companies also agreed to collaborate on tokenizing manufactured home loans on-chain as real-world assets. For thirty-six months following the closing of the transaction, all blockchain infrastructure, digital asset issuance, and tokenization related to the operations of Zippy and its affiliates are required to be conducted exclusively using ETHZilla's affiliate platforms. The transaction represents a further expansion of ETHZilla's strategy to bring real-world assets, including auto loans, structured credit, equipment and real estate onto the Ethereum blockchain (ETH-USD), through fully compliant, institutional-grade infrastructure.
ETHZilla Corporation (ETHZilla) is a technology company in the decentralized (DeFi) finance industry. The Company offers tokenization solutions, DeFi protocol integration, blockchain analytics, traditional to digital asset conversion gateways, and other decentralized finance services. It connects financial institutions, businesses and organizations worldwide by accessible blockchain transactions through Ethereum Network protocol implementations and various DeFi protocols. It brings traditional assets on chain by tokenization and through its proprietary protocol implementations. The Company facilitates DeFi transactions and asset digitization across multiple Layers 2 Ethereum networks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
