ETHZilla extends ether treasury into tokenized credit assets

The company said the purchase was executed through a newly formed wholly owned subsidiary, ETHZilla Modular Mortgage LLC, which acquired 95 loans along with the first-lien mortgages securing them. The loans will continue to be serviced by Zippy Loans, LLC, a subsidiary of the seller, Zippy Manufactured Home Credit Fund I L.P., according to the company’s announcement.

ETHZilla said it intends to tokenize the portfolio into a manufactured home loan token designed to generate recurring cash flows, using Ethereum Layer 2 infrastructure for on-chain asset tracking and automated cash-flow distribution. The company said it plans to launch the token through the Liquidity.io ecosystem in late February or early March, framing the effort as part of a broader “tokenized finance framework” it aims to replicate across multiple real-world asset categories.

Сompany provided an expected annualized yield estimate of approximately 10.36% for the acquired loan pool, describing the portfolio as a seasoned set of residential credit assets with contractual interest payments. ETHZilla positioned the loans as collateralized, cash-flow-generating instruments that it believes are well suited to a token structure that emphasizes transparency and governance around distribution.

The loan portfolio purchase follows another acquisition ETHZilla referenced as part of the same roadmap: two CFM56-7B24 aircraft engines that are on lease with a major air carrier, which the company said it also intends to tokenize and make available through Liquidity.io. By pairing residential-credit exposure with lease-linked aviation assets, ETHZilla is pitching a pipeline of yield-oriented products whose performance depends on conventional borrower and lessee payments rather than network transaction fees or protocol incentives.

ETHZilla also disclosed that the transaction builds on an existing relationship with Zippy. In December 2025, ETHZilla said it acquired roughly 15% of Zippy, Inc. on a fully diluted basis, describing the stake as a way to deepen access to origination, servicing, and asset-level expertise in manufactured housing finance. The company presented that linkage as an operational bridge between traditional loan administration and on-chain representation, with the underlying servicing remaining off-chain while token holders receive distributions through the planned structure.