ETHZilla, an Ethereum-based digital asset treasury firm, has deployed $4.7 million into tokenized U.S. home loans, marking a significant push into the real-world asset (RWA) tokenization sector. The firm acquired a portfolio of 95 manufactured and modular home loans from Zippy Loans, LLC, with plans to tokenize these assets on an Ethereum layer-2 network.
The transaction is part of ETHZilla's strategy to diversify its ether-denominated treasury by allocating capital to on-chain representations of tangible assets. The loans are secured by first-lien mortgages and are expected to generate an annual yield of approximately 10%. ETHZilla Chairman and CEO McAndrew Rudisill stated, "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 tokenized loans will be made available for trading on Liquidity.io, a regulated platform for tokenized assets. Zippy Loans will continue servicing the loan portfolio. This move follows ETHZilla's previous 15% stake acquisition in Zippy's parent company in December 2025 and comes after the firm sold over $110 million in Ethereum last year to manage a steep decline in its stock value.
ETHZilla frames this allocation as part of a broader thesis that tokenized real-world assets can complement crypto-native treasuries, especially as institutional infrastructure around asset-backed tokens matures. The transaction signals growing confidence among crypto-native firms in moving tokenization beyond pilot projects into substantive deployments.
