ETHZilla Chairman's Letter to Shareholders, Revealing Ethereum's Progress on RWA Tokenization Strategy

On December 17, Ethereum Treasury firm ETHZilla Corporation issued a letter from its Board Chair to shareholders, reviewing the company’s strategic execution progress over the past five months and outlining development plans for 2026 and beyond. ETHZilla notes it was initially positioned as an infrastructure provider bridging traditional finance (TradFi) and decentralized finance (DeFi). Its core strategy includes ongoing ETH accumulation, yield generation via strategic deployment, and on-chain real-world asset (RWA) tokenization operations. For recent progress, ETHZilla disclosed it has built the foundational infrastructure for RWA tokenization. In October, the company announced a partnership with Liquidity.io—a regulated broker-dealer and one of the few U.S. Securities and Exchange Commission (SEC)-registered digital alternative trading systems (ATS)—in which ETHZilla holds a stake in Liquidity.io’s parent company. Through this partnership, ETHZilla will gain exclusive access to a compliant trading platform, with plans to issue tokenized assets on Ethereum Layer 2 (L2) networks and convert them into compliant, tradable products with primary and secondary market liquidity.