The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Forum Markets, Incorporated (NASDAQ:FRMM) is one of the best Ethereum stocks to buy now. On April 8, Forum Markets, Incorporated (NASDAQ:FRMM), agreed to provide short-term bridge loans for financing the purchase and deployment of NVIDIA AI chips. The company targets annualized returns in the mid-teens on its first committed deal.

 

Forum detailed in a press release that the loans are structured as 60- to 120-day bridge facilities. The loans are designed to provide capital to AI chip operators who need upfront financing to buy and deploy hardware before their long-term funding arrangements are in place, the company noted.

For its first transaction, Forum will lend to a US-based neocloud operator, which is a company that provides cloud computing services built on modern advanced infrastructure. Forum plans to commit a minimum of $25 million and up to $50 million at its discretion.

On February 5, Forum, then known as ETHZilla Corporation, acquired a portfolio of 95 manufactured and modular home loans from Zippy Manufactured Home Credit Fund I LP. The total purchase price amounted to about $4.7 million, and the firm said it planned to tokenize the portfolio on an Ethereum Layer 2 network.

Forum said it would launch the tokenized product as a manufactured home loan token, and that it would leverage Ethereum Layer 2 infrastructure to enable on-chain asset tracking. This infrastructure would also automate cash-flow distribution to token holders.

Forum Markets, Incorporated (NASDAQ:FRMM) is a digital asset platform built on Ethereum infrastructure. It focuses on the tokenization of real-world assets into blockchain-based financial instruments. The company uses Ethereum, including Layer 2 protocols, to convert illiquid assets such as credit portfolios, real estate, and industrial equipment into tradable tokens.

While we acknowledge the potential of FRMM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Defense Stocks That Will Skyrocket and Top 10 Utility Stocks to Buy Now.

Disclosure: None. Follow Insider Monkey on Google News.