ETHZilla launches Eurus Aero Token I, an aviation leasing asset token

ETHZilla, an Ethereum fund management company supported by Peter Thiel's Founders Fund, will launch its first aviation leasing asset token, Eurus Aero Token I, later this week. This token will share the monthly cash flow from leasing aircraft engines, including basic rent and usage based payments, and distribute it to holders on the chain through ERC-20 tokens. The token is secured by an asset package consisting of aircraft engines, lease receivables, reserves, and insurance proceeds. The lease agreement lasts until 2027 and 2028 and includes a $3 million sale/purchase option.