<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/ethereum-tokens-stored-in-safe-with-cash.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/ethereum-tokens-stored-in-safe-with-cash.png"/></p>
<p>ETHZilla 正式结束其作为公开交易以太坊代理的历史，宣布更名为 Forum Markets，并将推出新的纳斯达克股票代码，以转向代币化的现实资产。</p>
<p>根据 2 月 25 日的公告，该公司的普通股预计将在 3 月 2 日开始以 FRMM 作为股票代码进行交易，待纳斯达克批准，取代当前的 ETHZ 股票代码。</p>
<p>该名称的更改反映了公司战略的更广泛重置，远离在资产负债表上持有大量加密货币储备，转向构建以收入生成资产为支持的代币化投资产品。</p>
<p>管理层将这一转变描述为其向数字资产平台演变的下一个阶段，旨在将传统资本市场与基于区块链的金融基础设施连接起来。</p>
<p>“Forum 体现了我们的信念，即下一代金融市场将围绕以真实资产为支持的机构级链上产品构建，受透明度治理，并通过受监管的基础设施交付，” 董事长兼首席执行官 McAndrew Rudisill 在一份声明中表示。</p>
<h2>ETH 财库计划反弹</h2>
<p>在 Forum Markets 的身份下，公司打算专注于聚合和结构化现实资产以进行代币化，而不是将其股票定位为以以太坊价格为杠杆的投资。</p>
<p>这一转变发生在经历了动荡的一年之后，ETHZilla 的财库策略最初吸引了强烈的投资者兴趣，但在市场普遍下滑中崩溃。</p>
<p>最初是一家名为 180 Life Sciences 的生物技术公司，该公司在 2025 年 7 月采用了 ETHZilla 品牌，并在加密财库模型的热潮高峰期间开始积累以太币。</p>
<p>在以太坊接近 4,950 美元时，ETHZilla 的股票在 8 月飙升至 107 美元，公司概述了其大规模以太坊储备的计划。</p>
<p>然而，随着数字资产价格回落，投资者对杠杆加密资产负债表的需求减弱，ETHZilla 的股票从高峰急剧回落。</p>
<p>此后，公司减少了其加密货币的风险敞口，出售了部分持有，并启动了股票回购，以应对其股价与净资产价值之间日益扩大的差距。</p>
<p>根据 CoinGecko 数据，它目前持有 69,802 个以太币，按 2,060 美元的以太币价格计算，价值约 1.437 亿美元，使其成为该资产的较大企业持有者之一。</p>
<p>在彼得·蒂尔的创始人基金完全退出其持股后，压力加大，反转了 2025 年 8 月披露的 7.5% 的股份。</p>
<p>一位知名机构投资者的离开进一步引发了对公司早期高杠杆以太坊策略的审查，特别是在以太币为重点的财库公司面临的挑战比可比的比特币模型更大。</p>
<h2>投资者欢迎代币化策略</h2>
<p>战略重点已转向代币化。</p>
<p>本月早些时候，该公司收购了两台租赁给其所称的领先美国航空公司的商用喷气发动机，并推出了 Eurus Aero Token I，这是一种提供航空资产租赁产生的现金流的部分投资产品。</p>
<p>该产品在以太坊上发行，旨在提供对航空资产的部分投资。</p>
<p>在更名公告后，ETHZilla 的股票上涨超过 13%，至 3.91 美元，尽管该股票今年迄今仍下跌超过 20%，且远低于 2025 年的高点。</p>
<p>随着华尔街的关注从资产负债表上的加密投资转向结构化的现实资产产品，Forum Markets 正在押注代币化的收入生成资产，而不是直接积累加密货币，将定义其下一个阶段。</p>
<p>ETHZilla 更名为 Forum Markets，转向代币化策略的文章首次出现在 Invezz 上。</p>

EZET

ETHV

ETHZ

<p>ETHZilla 已更名为 Forum Markets，转变其业务重心，从一家公开交易的以太坊代理商转向对现实世界资产进行代币化。该公司将在获得批准后，从 3 月 2 日起以新的纳斯达克股票代码 FRMM 进行交易。这一战略转型旨在将传统资本市场与区块链基础设施连接起来，摆脱持有大量加密货币储备的模式。在经历了动荡的一年后，该公司已减少其加密货币敞口，现在专注于结构化投资产品，包括最近收购的用于代币化的商用喷气发动机。尽管今年股价下跌了 20%，但公告发布后，股价上涨超过 13%</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/ethereum-tokens-stored-in-safe-with-cash.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/ethereum-tokens-stored-in-safe-with-cash.png"/></p>
<p>ETHZilla is formally closing the chapter on its time as a publicly traded Ethereum proxy, announcing a rebrand to Forum Markets and a new Nasdaq ticker as it pivots toward tokenized real-world assets.</p>
<div class="lb-trans"><p>ETHZilla 正式结束其作为公开交易以太坊代理的历史，宣布更名为 Forum Markets，并将推出新的纳斯达克股票代码，以转向代币化的现实资产。</p>
</div><p>According to a Feb. 25 announcement, the company’s common stocks are expected to begin trading under the symbol FRMM on March 2, pending Nasdaq approval, replacing its current ETHZ ticker.</p>
<div class="lb-trans"><p>根据 2 月 25 日的公告，该公司的普通股预计将在 3 月 2 日开始以 FRMM 作为股票代码进行交易，待纳斯达克批准，取代当前的 ETHZ 股票代码。</p>
</div><p>The name change, it said, reflects a broader strategic reset away from holding large crypto reserves on its balance sheet and toward building tokenized investment products backed by income-generating assets.</p>
<div class="lb-trans"><p>该名称的更改反映了公司战略的更广泛重置，远离在资产负债表上持有大量加密货币储备，转向构建以收入生成资产为支持的代币化投资产品。</p>
</div><p>Management described the transition as the next stage in its evolution into a digital asset platform designed to connect traditional capital markets with blockchain-based financial infrastructure.</p>
<div class="lb-trans"><p>管理层将这一转变描述为其向数字资产平台演变的下一个阶段，旨在将传统资本市场与基于区块链的金融基础设施连接起来。</p>
</div><p>“Forum embodies our belief that the next generation of financial markets will be built around institutional-grade, on chain products backed by real assets, governed by transparency, and delivered through regulated infrastructure,” Chairman and Chief Executive McAndrew Rudisill said in a statement.</p>
<div class="lb-trans"><p>“Forum 体现了我们的信念，即下一代金融市场将围绕以真实资产为支持的机构级链上产品构建，受透明度治理，并通过受监管的基础设施交付，” 董事长兼首席执行官 McAndrew Rudisill 在一份声明中表示。</p>
</div><h2>ETH treasury plans backfire</h2>
<div class="lb-trans"><h2>ETH 财库计划反弹</h2>
</div><p>Under the Forum Markets identity, the company intends to focus on aggregating and structuring real-world assets for tokenization rather than positioning its shares as a leveraged play on Ethereum’s price.</p>
<div class="lb-trans"><p>在 Forum Markets 的身份下，公司打算专注于聚合和结构化现实资产以进行代币化，而不是将其股票定位为以以太坊价格为杠杆的投资。</p>
</div><p>The transition comes after a volatile year in which ETHZilla’s treasury strategy initially drew strong investor interest before unravelling amidst a market-wide downturn.</p>
<div class="lb-trans"><p>这一转变发生在经历了动荡的一年之后，ETHZilla 的财库策略最初吸引了强烈的投资者兴趣，但在市场普遍下滑中崩溃。</p>
</div><p>Originally a biotech firm known as 180 Life Sciences, the company adopted the ETHZilla brand in July 2025 and began accumulating Ether during the peak of hype around crypto treasury models.</p>
<div class="lb-trans"><p>最初是一家名为 180 Life Sciences 的生物技术公司，该公司在 2025 年 7 月采用了 ETHZilla 品牌，并在加密财库模型的热潮高峰期间开始积累以太币。</p>
</div><p>ETHZilla shares surged to $107 in August as Ethereum approached $4,950 and the company outlined plans for a sizable Ethereum reserve.</p>
<div class="lb-trans"><p>在以太坊接近 4,950 美元时，ETHZilla 的股票在 8 月飙升至 107 美元，公司概述了其大规模以太坊储备的计划。</p>
</div><p>However, as digital asset prices retreated, investor appetite for leveraged crypto balance sheets weakened, and ETHZilla’s stock retreated sharply from its peak.</p>
<div class="lb-trans"><p>然而，随着数字资产价格回落，投资者对杠杆加密资产负债表的需求减弱，ETHZilla 的股票从高峰急剧回落。</p>
</div><p>The company has since reduced its crypto exposure, sold portions of its holdings, and launched share buybacks in an effort to address the widening gap between its stock price and net asset value.</p>
<div class="lb-trans"><p>此后，公司减少了其加密货币的风险敞口，出售了部分持有，并启动了股票回购，以应对其股价与净资产价值之间日益扩大的差距。</p>
</div><p>It currently holds 69,802 ETH valued at about $143.7 million at an ETH price of $2,060, according to CoinGecko data, making it one of the larger corporate holders of the asset.</p>
<div class="lb-trans"><p>根据 CoinGecko 数据，它目前持有 69,802 个以太币，按 2,060 美元的以太币价格计算，价值约 1.437 亿美元，使其成为该资产的较大企业持有者之一。</p>
</div><p>Pressure intensified after a regulatory filing showed that Peter Thiel’s Founders Fund had fully exited its position, reversing a 7.5% stake disclosed in August 2025.</p>
<div class="lb-trans"><p>在彼得·蒂尔的创始人基金完全退出其持股后，压力加大，反转了 2025 年 8 月披露的 7.5% 的股份。</p>
</div><p>Departure of a prominent institutional backer fueled further scrutiny of the company’s earlier high-leverage Ethereum strategy, particularly as Ether-focused treasury companies struggled more than comparable Bitcoin models.</p>
<div class="lb-trans"><p>一位知名机构投资者的离开进一步引发了对公司早期高杠杆以太坊策略的审查，特别是在以太币为重点的财库公司面临的挑战比可比的比特币模型更大。</p>
</div><h2>Investors welcome tokenization play</h2>
<div class="lb-trans"><h2>投资者欢迎代币化策略</h2>
</div><p>Strategic focus has since turned toward tokenization.</p>
<div class="lb-trans"><p>战略重点已转向代币化。</p>
</div><p>Earlier this month, the company acquired two commercial jet engines leased to what it described as a leading US air carrier and introduced Eurus Aero Token I, a product offering fractional exposure to lease-generated cash flows from aviation assets.</p>
<div class="lb-trans"><p>本月早些时候，该公司收购了两台租赁给其所称的领先美国航空公司的商用喷气发动机，并推出了 Eurus Aero Token I，这是一种提供航空资产租赁产生的现金流的部分投资产品。</p>
</div><p>The product is issued on Ethereum and is aimed at providing fractional exposure to aviation assets.</p>
<div class="lb-trans"><p>该产品在以太坊上发行，旨在提供对航空资产的部分投资。</p>
</div><p>Shares of ETHZilla rose more than 13% to $3.91 following the rebranding announcement, though the stock remains down more than 20% so far this year and significantly below its 2025 high.</p>
<div class="lb-trans"><p>在更名公告后，ETHZilla 的股票上涨超过 13%，至 3.91 美元，尽管该股票今年迄今仍下跌超过 20%，且远低于 2025 年的高点。</p>
</div><p>With Wall Street’s attention turning from balance sheet crypto plays to structured real-world asset products, Forum Markets is betting that tokenized income-generating assets, rather than direct cryptocurrency accumulation, will define its next phase.</p>
<div class="lb-trans"><p>随着华尔街的关注从资产负债表上的加密投资转向结构化的现实资产产品，Forum Markets 正在押注代币化的收入生成资产，而不是直接积累加密货币，将定义其下一个阶段。</p>
</div><p>The post ETHZilla rebrands to Forum Markets, shifts to tokenization strategy appeared first on Invezz</p>
<div class="lb-trans"><p>ETHZilla 更名为 Forum Markets，转向代币化策略的文章首次出现在 Invezz 上。</p>
</div>

ETHZilla 更名为 Forum Markets，并转向代币化战略