On December 10, ETHZilla Corporation (NASDAQ: ETHZ), an Ethereum treasury company, announced that it has entered into several agreements with Zippy, Inc. (“Zippy”). Zippy is a modern digital lending platform for institutional clients that aims to present one of the most neglected credit markets in the United States—manufactured home loans—in the form of on-chain tokenized real-world assets (RWAs).
Under the terms of the agreement, ETHZilla will acquire 15% of Zippy's fully diluted equity for $5 million in cash and $14 million in common stock (to be paid to Zippy and subject to specific cash compensation terms), while issuing $2.1 million worth of common stock to some of Zippy's individual shareholders.
Zippy is the first company to bring modern digital infrastructure and AI-driven systems to the finished home lending sector. Through its institutional-scale platform, it initiates secured loans against finished homes, featuring real-time data integrity and transparent investor reporting capabilities. This foundation provides a better experience for both homebuyers and sellers, and continuously generates high-quality assets for investors.
