ETHZilla Launches Tokenized Tangible Assets Backed by Commercial Aircraft Engines

BlockBeats News, February 12, according to PR Newswire, Ethereum treasury company ETHZilla (ETHZ), through its wholly-owned subsidiary ETHZilla Aerospace LLC, has launched the Eurus Aero Token I, the first tokenized tangible asset backed by commercial aircraft engines. Built on the Ethereum Layer 2 network, it is supported by two CFM56 commercial jet engines valued at approximately $12.2 million, leased to a major U.S. airline. Each token is priced at $100, with a minimum purchase of 10 tokens, and the target return rate for holding until the lease expires is approximately 11%. ETHZilla stated that this product provides qualified investors with the opportunity to access an asset class previously limited to private aviation leasing funds or large institutional transactions. ETHZilla also plans to launch more tokenized asset classes in the near future, including manufactured home loans and auto loans.