ETHZilla Corporation (Nasdaq: ETHZ) announced on 12/10 that the company has acquired a 15% fully diluted stake in Zippy, a digital lending platform specializing in creator loans. The transaction valued at $21 million, includes $5 million in cash, $14 million in ETHZilla shares issued to Zippy, and $2.1 million in shares to several Zippy shareholders. Under the agreement, ETHZilla will also appoint a member to Zippy’s board of directors.
Zippy will continue to lend and manage creator loans, while ETHZilla provides blockchain infrastructure to tokenize these loans into real-world assets (RWA) on Ethereum, helping institutional investors access the $14 billion creator finance market. RWAs are currently growing rapidly with a total value of $18.2 billion, up 215% from the beginning of the year.
ETHZilla plans to generate revenue from distributing Zippy loans through decentralized finance protocols, converting them into Ethereum L2 tokens that meet organizational compliance standards. The deal marks a strategic shift from biotech to cryptocurrency, supported by a $565 million funding round and an increasing Ether treasury of 94,030 ETH.
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ETHZilla invests $21 million in Zippy to tokenize mobile home loans
ETHZilla Corporation (Nasdaq: ETHZ) announced on 12/10 that the company has acquired a 15% fully diluted stake in Zippy, a digital lending platform specializing in creator loans. The transaction valued at $21 million, includes $5 million in cash, $14 million in ETHZilla shares issued to Zippy, and $2.1 million in shares to several Zippy shareholders. Under the agreement, ETHZilla will also appoint a member to Zippy’s board of directors.
Zippy will continue to lend and manage creator loans, while ETHZilla provides blockchain infrastructure to tokenize these loans into real-world assets (RWA) on Ethereum, helping institutional investors access the $14 billion creator finance market. RWAs are currently growing rapidly with a total value of $18.2 billion, up 215% from the beginning of the year.
ETHZilla plans to generate revenue from distributing Zippy loans through decentralized finance protocols, converting them into Ethereum L2 tokens that meet organizational compliance standards. The deal marks a strategic shift from biotech to cryptocurrency, supported by a $565 million funding round and an increasing Ether treasury of 94,030 ETH.