ETHZilla Changes Its Name to Forum and Shifts Focus to RWA Tokenization; Stock Price Rises Over 13%
Svmuu News: Digital asset firm ETHZilla has announced its official rebranding to Forum and is further advancing its strategy to tokenize real-world assets (RWAs). Following the news, the company’s stock price rose by more than 13% to approximately $3.91, marking a one-month high.ETHZilla, originally spun off from biotech firm 180 Life Sciences, was initially positioned as a publicly traded company focused on holding a reserve of Ethereum (Ethereum) and raised approximately $565 million in 2025 to establish an ETH asset vault.However, as the price of Ethereum has fallen by more than 50% since last August, the company has gradually adjusted its strategy, shifting from simply holding the asset to a cash-flow-oriented asset allocation.Over the past few months, the company has sold ETH assets on multiple occasions, including the sale of approximately $40 million worth of ETH in October last year for stock buybacks, and the sale of approximately 24,300 ETH (about $74.5 million) in December to repay debt.The company currently holds approximately 69,800 ETH, valued at about $145 million, making it one of the world’s sixth-largest corporate holders of Ethereum.As part of its strategic transformation, Forum recently acquired a portfolio of modular home loan assets valued at approximately $4.7 million and plans to tokenize them on the Ethereum Layer 2 network, targeting an annualized yield exceeding 10%. The company also purchased two aircraft engines and plans to issue tokens for them through a compliant trading system.Company management stated that future valuations will rely more on revenue and cash flow generated by the RWA tokenization platform, rather than metrics such as net asset value multiples. Despite a recent rebound, the company’s stock price remains well below its all-time high of over $100 reached last August.
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