ETHZilla acquires 15% of Satschel, Inc. (parent of Liquidity.io) for $15M—a strategic early position as leaders like Figure and Securitize achieve multi-billion valuations and prepare for the public markets.
ETHZilla has entered a strategic partnership with Liquidity.io, a regulated broker-dealer and operator of a digital alternative trading system (ATS) for compliant digital securities. The transaction includes a 15% stake in Satschel, Inc. (Liquidity.io’s parent) for $15M ($5M cash, $10M equity). Together, we’re aligning regulated market infrastructure with institutional-grade tokenization to open private markets to broader, compliant participation.
Access to compliant, yield-bearing private-market exposures; supervised onboarding; transparent venue rules; improved potential liquidity.
No-code securitization; supervised workflows; regulated market access across issuance and secondaries; data and reporting.
A compliant marketplace with trackable distribution, supervision features, and clear revenue-share mechanics (subject to eligibility and approvals).
Two category leaders—Figure and Securitize—have been reported at multi-billion valuations and are moving toward public listings. Against that backdrop, ETHZilla’s $15M investment for 15% of Satschel/Liquidity.io implies an ~$100M valuation—presenting a compelling entry point vs. peers while giving ETHZilla exposure to potential exchange economics (volumes, listings, data, and services) as the market scales.
Platform | Model | Public/IPO Trajectory | Reported Valuation Context |
|---|---|---|---|
Figure | Tokenization + rails | Preparing for public | Multi-billion |
Securitize | Digital-securities issuance & trading | Preparing for public | Multi-billion |
Liquidity.io | Regulated digital ATS + lifecycle tools | Private | ~$100M implied (15% = $15M) |
