ETHZilla, supported by Peter Thiel, is launching a tokenized mortgage product with a 10.36% yield after acquiring a $4.7 million loan portfolio.
ETHZilla, a DAT company backed by Peter Thiel, has made a significant move by acquiring a portfolio of 95 loans for manufactured homes at a cost of $4.7 million. This acquisition sets the stage for the launch of a tokenized mortgage product on the Ethereum Layer 2 network.
The new product promises an annual yield of 10.36%, coupled with features like on-chain cash flow monitoring and automated fund distribution. It is expected to be listed on the regulated platform Liquidity.io by late February or early March.
While Zippy Loans will continue to handle loan servicing, asset management will be transferred to a newly established subsidiary, ETHZilla Modular Mortgage LLC. This partnership emerged last year when ETHZilla acquired a 15% stake in Zippy Loans for $21.1 million.
MacAndrew Rudisill, ETHZilla's CEO, expressed that this venture is a logical progression, emphasizing that mortgages yield predictable income and are ideal for integration with blockchain technology.
Expanding into Real-World Assets
This initiative is part of ETHZilla's broader strategy in the real-world assets (RWA) sector. The company previously explored tokenization by acquiring two CFM56-7B24 aircraft engines for a project on Liquidity.io.
Founded in August 2025 following the rebranding of 180 Life Sciences, ETHZilla initially raised $565 million from investors like Electric Capital and Polychain Capital to establish an Ethereum treasury. The company's focus has evolved from merely accumulating cryptocurrency to developing infrastructure for the tokenization of physical assets. Notably, in December 2025, ETHZilla sold 24,291 ETH for $74.5 million to address its debt obligations.
