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ETHZilla Buys 15% Stake in Zippy, Plans On-Chain Loan Tokenization

The $21 million deal will see ETHZilla and Zippy bring manufactured home loans to blockchain platforms such as Liquidity.io over the next three years.

Summary

ETHZilla acquired a 15% stake in Zippy for about $21 million, with plans to tokenize manufactured home loans as on-chain real-world assets (RWAs). Zippy operates in the U.S. manufactured home market, which sees $14 billion in annual financing. Over the next 36 months, Zippy will utilize ETHZilla’s platforms, including Liquidity.io, to enable on-chain debt purchases.

Terms & Concepts
  • Tokenization: The process of converting ownership or rights to an asset into a digital token on a blockchain.
  • Real-World Assets (RWAs): Physical or traditional assets, such as real estate or loans, represented on a blockchain.
  • On-chain debt purchases: The buying and selling of debt instruments recorded and settled directly on a blockchain network.