ETHZilla Launches Token Offering for Jet Engine Equity
- ETHZilla has introduced the Eurus Aero Token I, priced at $100 each, requiring a minimum purchase of ten tokens.
- The token is backed by two commercial jet engines leased to a major US air carrier, targeting an estimated return of 11% through lease terms extending to 2028.
- ETHZilla, previously known as a biotech firm, pivoted to acquiring and holding Ether (ETH) in July and aims to tokenize various asset classes beyond aviation.
- The company purchased the jet engines for $12.2 million in January after liquidating part of its ETH holdings.
- Over $24 billion in real-world assets (RWAs) are estimated to be on-chain, with ETHZilla planning further token offerings for home and car loans.
ETHZilla’s launch of the Eurus Aero Token I represents a significant step in tokenizing aviation assets, potentially modernizing fractional ownership opportunities that were traditionally limited to institutional investors.
With its recent pivot into tokenization and plans for additional asset classes, ETHZilla aims to leverage blockchain technology effectively while managing over $136 million in Ether reserves.(Source)
