ETHZilla to Tokenize $4.7M Pool of 95 Manufactured Home Loans on Ethereum L2

New manufactured‑home loan pool moves toward on‑chain issuance

Tokenizing 95 manufactured and modular home loans on Ethereum Layer 2

ETHZilla acquires 95 manufactured and modular home loans and the first‑lien mortgages securing them through its newly formed subsidiary, ETHZilla Modular Mortgage LLC, in a deal worth approximately $4.7 million. The company plans to tokenize the seasoned residential credit pool on an Ethereum Layer 2 network to enable on‑chain asset tracking and automated cash‑flow distribution. ETHZilla schedules an intended token launch through the Liquidity.io ecosystem in late February or early March, positioning the offering as a cash‑flow‑generating manufactured home loan token for institutional and accredited investors.

The loans remain serviced by Zippy Loans LLC under the existing servicing arrangement, keeping origination and day‑to‑day loan administration with an experienced operator while ETHZilla brings the assets on chain. ETHZilla frames the portfolio as a recurring cash‑flow credit pool that generates contractual interest payments and expects an annualized yield of about 10.36% from those cash flows. The company emphasizes that tokenization will provide transparent, auditable payment flows and automated distributions via smart contracts, reducing reconciliation friction for secondary market participation.

ETHZilla portrays the transaction as a repeatable element of a broader strategy to tokenize differentiated real‑world assets across sectors. The deal follows a recent acquisition of two leased CFM56‑7B24 aircraft engines that the company also intends to tokenize and list on Liquidity.io, illustrating a template the firm is developing to convert established, income‑producing assets into tradable on‑chain instruments. ETHZilla seeks to combine asset‑level expertise, servicing relationships and blockchain infrastructure to scale offerings across multiple asset classes.

Deal economics and servicing

The company acquires the loan pool from Zippy Manufactured Home Credit Fund I L.P., while retaining Zippy Loans LLC as servicer; ETHZilla reports the portfolio is seasoned and expected to deliver roughly a 10.36% annualized yield from contractual interest. ETHZilla emphasizes the modest purchase price relative to expected cash flows and the operational continuity provided by the existing servicer.

Strategic context and partnerships

ETHZilla builds on a prior investment that gives it roughly 15% of fully diluted ownership in Zippy, Inc., the fund’s parent, strengthening access to origination and servicing expertise. Chairman and CEO McAndrew Rudisill describes the move as a disciplined extension of the company’s approach to bringing cash‑flow‑generating assets on‑chain within regulated, transparent structures.