ETHZilla Launches Tokenized Jet Engine Leasing on Arbitrum
- ETHZilla has introduced the Eurus Aero Token I, providing access to equity in leased jet engines via Arbitrum.
- The firm acquired two CFM56 commercial jet engines for approximately $12 million, leasing them to a major U.S. airline.
- Token holders can expect monthly on-chain distributions from the cash flows generated by the leased engines.
- The token is available to accredited investors with a targeted return rate of around 11% over the lease term extending into 2028.
- No orders or token transfers have been recorded yet according to Arbiscan data.
ETHZilla’s new initiative allows investors to gain fractional ownership in aviation assets through blockchain technology, marking a significant step in asset tokenization within the Ethereum ecosystem.
This move aims to modernize asset ownership and expand investment opportunities beyond traditional institutional avenues, despite current market challenges faced by ETHZilla and other Ethereum treasury firms. (Source)
