Ethereum treasury firm ETHZilla Corporation (Nasdaq: ETHZ) acquired 95 manufactured and modular home loans for $4.7 million, with plans to convert the portfolio into a tokenized financial product on an Ethereum Layer 2 network.
ETHZilla said the tokenized portfolio will support onchain tracking and automated cash-flow distributions and generate an annualized yield of around 10.36%. The product is slated for launch on the Liquidity.io trading platform in late February or early March, according to a statement. Zippy Loans, LLC, a subsidiary of the seller, will continue servicing the loans.
“This transaction represents a natural extension of the tokenization strategy we’ve been building, and underscores ETHZilla’s disciplined approach to bringing established, cash-flow-generating assets onchain,” ETHZilla CEO McAndrew Rudisill said in the statement. “Manufactured housing loans offer predictable cash flows and strong underlying collateral, which we believe makes them well suited for tokenization within a regulated, transparent structure.”
The move builds on ETHZilla’s existing relationship with Zippy. Last year, the company acquired a 15% fully diluted stake in the home loan origination platforms in a $21.1 million stock and cash deal, according to a statement. At the time, ETHZilla said it would appoint a director to Zippy’s board, and that the investment would drive its initiative to tokenize manufactured home loans.
As part of Thursday’s move, ETHZilla also launched a wholly owned subsidiary, ETHZilla Modular Mortgage LLC.
From ETH treasury to RWA platform
The housing loan deal follows ETHZilla’s purchase of two CFM56-7B24 aircraft engines for another tokenization experiment with Liquidity.io, which is an SEC-regulated Digital Alternative Trading System. ETHZilla said the engine and housing transactions, along with their associated tradable tokens, are part of what it describes as a “repeatable and scalable framework across multiple real-world asset classes.”
ETHZilla emerged from the rebranding of biotech firm 180 Life Sciences Corp. in Aug. 2025. The company raised $565 million from over 60 investors, including Electric Capital and Polychain Capital, to establish an ETH token treasury and onchain yield strategy.
The firm has since pivoted from pure treasury management to building a tokenization platform for physical assets.
According to The Block’s data dashboard, ETHZilla’s treasury held approximately 69,802 ETH as of late December 2025. This reflects a decrease from earlier, higher holdings after the company sold 24,291 ETH last year to settle debt and fund its new real-world asset strategy.
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