Supported by Peter Thiel, the DAT company ETHZilla has acquired a portfolio of 95 loans for manufactured homes for $4.7 million. Based on this, they will launch a tokenized product on the Ethereum Layer 2 network.
This instrument will provide on-chain monitoring of cash flows and automatic fund distribution. The expected yield is 10.36% per annum. Listing on the regulated platform Liquidity.io is scheduled for late February or early March.
Loan servicing will remain with Zippy Loans, while asset management will be transferred to a new subsidiary, ETHZilla Modular Mortgage LLC. The partnership began last year when the DAT company acquired a 15% stake in the lending service for $21.1 million.
ETHZilla's CEO, MacAndrew Rudisill, described the deal as a logical step: mortgages generate predictable income and are well-suited for blockchain integration.
From Treasury to RWA
This is not the company's first venture into the real-world assets (RWA) sector. Previously, the firm acquired two CFM56-7B24 aircraft engines for a similar tokenization experiment on Liquidity.io.
ETHZilla was established in August 2025 as a result of the rebranding of the biotech firm 180 Life Sciences. Initially, the company raised $565 million from Electric Capital, Polychain Capital, and other investors to create an Ethereum treasury.
Later, the focus shifted from merely accumulating cryptocurrency to building infrastructure for the tokenization of physical assets.
It’s worth noting that in December 2025, ETHZilla sold 24,291 ETH worth $74.5 million to settle debt obligations.