ETHZilla Buys 20% of AI Lending Platform Karus in $10M Deal to Tokenize Auto Loans
PositiveCryptocurrency

- ETHZilla has acquired a 20% stake in the AI lending platform Karus for $10 million, with plans to tokenize auto loans. The collaboration aims to leverage Karus's AI underwriting technology and loan origination network, with the first portfolios expected to be available by early 2026.
- This investment signifies ETHZilla's strategic move into the auto lending market, enhancing its capabilities in blockchain technology and AI-driven financial services. The partnership is anticipated to streamline the process of auto credit, making it more efficient and accessible.
- The development reflects a growing trend in the cryptocurrency sector where traditional financial services are increasingly being integrated with blockchain technology. As companies like ETHZilla and Karus explore innovative solutions, the potential for on-chain credit systems may reshape lending practices, offering new opportunities for both lenders and borrowers.
— via World Pulse Now AI Editorial System



