PANews reported on December 17th that, according to PR Newswire, ETHZilla announced its annual strategic progress: It has established a partnership and equity stake in Liquity.io (an SEC-registered digital asset service provider), planning to issue compliant Ethereum L2 tokenized assets on its platform; it has also reached strategic partnerships and equity stakes with Karus (auto loans) and Zippy (manufacturing home loans), acquiring exclusive high-quality asset pools; the company proposed a "four-round" revenue model (asset returns, issuance fees, management fees, and transaction fees); it announced the redemption of approximately $51.6 billion in convertible bonds due in 2028 to optimize its capital structure; and it stated that it has acquired its first batch of assets to be tokenized, intending to complete the transaction with existing cash, and expects to list its first RWA token on Liquidity.io in early 2026.