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ETHZilla Rebrands as Forum Markets, Sets Nasdaq Ticker Change to FRMM on March 2

The shift targets steadier, fee-based income through regulated tokenization of real-world assets.

Overview

  • Forum Markets expects to begin trading under FRMM on March 2, pending Nasdaq approval, replacing the ETHZ symbol.
  • Shares rose about 13% to $3.91 on the rebrand news, though the stock remains roughly 96% below its August 2025 peak.
  • The company is moving away from an Ethereum treasury model after selling more than $114 million in ETH, including about $40 million in October and 24,291 ETH in December.
  • Forum still holds approximately 69,802 ETH valued around $143–$145 million, ranking it among larger corporate Ether holders.
  • Initial RWA efforts include a $4.7 million portfolio of 95 manufactured-home loans targeting yields above 10% and two CFM56 aircraft engines tokenized via Liquidity.io as Eurus Aero Token I, with issuance on an Ethereum layer-2 network.