Ethereum treasury company ETHZilla launches the first tokenized asset powered by aircraft engines

Ethereum treasury company ETHZilla Corporation (NASDAQ: ETHZ) has launched the Eurus Aero Token I through its wholly-owned subsidiary ETHZilla Aerospace LLC, which is the first tokenized entity asset backed by commercial aircraft engines.

The token is built on the Ethereum Layer 2 network and is supported by two CFM56 commercial jet engines valued at approximately $12.2 million, leased to major U.S. airlines. Each token is priced at $100, with a minimum purchase of 10 tokens, and the target return rate for holding until the lease term expires is about 11%. ETHZilla states that this product provides qualified investors with access to an asset class traditionally limited to private aviation leasing funds or large institutional trades.

The token will be exclusively offered through the Liquidity.io ecosystem, utilizing an ERC-20 token structure, with cash flows distributed to token holders monthly. ETHZilla plans to launch more tokenized asset classes in the near future, including manufactured home loans and auto loans.