Blockchain
ETHZilla Buys 20% of Karus to Tokenize AI-Modeled Auto-Loan Portfolios
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Crypto treasury company ETHZilla (ETHZ) has taken a strategic step into onchain credit with the acquisition of a 20% fully diluted stake in automotive-finance AI startup Karus.
The $10 million deal includes $3 million in cash and $7 million in ETHZilla stock, and will allow the company to integrate Karus’s underwriting AI models into its blockchain stack to issue tokenized auto-loan portfolios.
According to Wednesday’s announcement, Karus’s decisioning engine is trained on more than 20 million historical auto-loan outcomes and has evaluated over…
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