ETHZilla Buys 20% of AI Lending Platform Karus in $10M Deal to Tokenize Auto Loans
Ethereum finance company ETHZilla (ETHZ) said it purchased a 20% stake in artificial intelligence-powered car lending platform Karus in a deal valued at $10 million. The agreement marks ETHZilla’s entry into the U.S. asset-backed securities market by using blockchain to tokenize real-world credit, the company said in a press release. Karus specializes in artificial intelligence…