ETHZilla acquires 15% stake in digital lending platform Zippy for $21.1 million
Foresight News reported that Ethereum treasury company ETHZilla announced an agreement with institutional-grade digital lending platform Zippy to acquire a total of approximately $21.1 million for a 15% equity stake in the company. The deal includes $5 million in cash, $14 million worth of common stock paid to Zippy, and $2.1 million worth of common stock issued to specific Zippy shareholders.
Zippy will assist ETHZilla in building an institutional-grade credit infrastructure layer to support its exploration of the mortgage market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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