ETHZilla takes 15% stake in Zippy to tokenize manufactured home loans

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.