Ether treasury ETHZilla pivots to real estate tokenization with a $4.7 million housing loan deal
Analysis
Price Impact
LowEthzilla, an ethereum-focused firm, is pivoting towards real estate tokenization on an ethereum layer-2. while this is a positive development for the broader rwa (real world asset) narrative on ethereum, ethzilla itself previously sold significant amounts of eth. the $4.7 million deal is small relative to eth's market cap, limiting immediate price impact.
Trustworthiness
HighThe news comes from coindesk, a reputable and established source in crypto journalism, providing specific figures and company details.
Price Direction
NeutralThe shift by ethzilla towards tokenization of real-world assets on an ethereum l2 is fundamentally a bullish signal for ethereum's utility and ecosystem growth in the long term. however, the immediate impact is muted by ethzilla's past actions of selling eth and the relatively small scale of this particular deal. therefore, an immediate direct price movement for eth is unlikely.
Time Effect
LongThe tokenization of real estate and other real-world assets is a long-term trend that is expected to bring significant value and adoption to blockchain platforms like ethereum over an extended period. this specific deal is a small, foundational step in that broader narrative.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Ether treasury ETHZilla pivots to real estate tokenization with a $4.7 million housing loan deal ETHZilla’s shift toward tokenization comes after a sharp downturn in its core crypto holdings. By Krisztian Sandor | Edited by Jamie Crawley Feb 5, 2026, 1:00 p.m. Make us preferred on Google Ethereum (CoinDesk) What to know : ETHZilla has acquired a $4.7 million portfolio of 95 manufactured and modular home loans that it plans to tokenize on an Ethereum layer-2 network. The loans, secured by first-lien mortgages and expected to yield about 10 percent annually, will be turned into cash-flow-generating digital tokens. The move deepens ETHZilla’s shift from traditional crypto holdings toward a broader tokenization strategy following steep stock declines and selling ether. ETHZilla (ETHZ), an Ethereum-focused digital asset treasury firm, is pushing deeper into tokenization, acquiring a $4.7 million portfolio of manufactured and modular home loans. The company plans to tokenize the 95-loan portfolio on an Ethereum layer-2 network, aiming to turn the loans into cash-flow-generating digital tokens available via Liquidity.io, a regulated broker-dealer and trading system, according to an announcement shared with CoinDesk on Thursday. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The loans, secured by first-lien mortgages, are expected to yield around 10% annually, according to the firm. "This transaction represents a natural extension of the tokenization strategy we’ve been building," said McAndrew Rudisill, chairman and CEO of ETHZilla. "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." ETHZilla’s shift toward tokenization comes after a sharp downturn in its core crypto holdings. Its stock has plummeted roughly more than 90% from a spike to $107 in August 2025, and it sold over $110 million in ETH last year to fund buybacks and debt repayments. The company outlined plans to build a regulated framework for tokenizing everything from aircraft engines to auto loans, in a December letter to shareholders. The newly purchased home loan portfolio comes on the heels on ETHZilla’s earlier investment in Zippy, a manufactured home lender, and follows a similar acquisition of two jet engines the company also intends to tokenize. Ethereum News Tokenization Real World Assets Exclusive