ETHZilla Launches Tokenized Aviation Asset for Investors
- ETHZilla has introduced the Eurus Aero Token I, allowing accredited investors to access lease income from two commercial jet engines.
- Each token costs $100 and represents a claim on monthly lease payments, with expected annual returns of approximately 11%.
- The jet engines were acquired for $12.2 million and are leased to a major U.S. airline.
- Tokens are issued on Ethereum Layer 2s and distributed through Liquidity.io, backed by ETHZilla.
- The leases run through to the year 2028 and include a buy-sell agreement for potential additional capital returns.
This initiative marks a significant shift for ETHZilla from its previous focus as a crypto treasury, redirecting over $114 million in ETH towards tokenized assets like aviation equipment. The firm still retains ownership of approximately $136.5 million in ETH.
By introducing the Eurus Aero Token I, ETHZilla enables fractional ownership of aviation assets, providing investors with an innovative way to participate in aircraft engine leasing with expected annual returns around eleven percent. (Source)
