Crypto treasury firm ETHZilla has launched a token providing entry to fairness in jet engines that the corporate acquired final month as a part of its pivot into tokenized property.
ETHZilla stated on Thursday that the token, known as Eurus Aero Token I, was being launched by way of its new subsidiary, ETHZilla Aerospace, and is backed by two business jet engines which might be leased to “a number one US air provider.”
The corporate has priced every token at $100, with a minimal buy of 10 tokens. ETHZilla stated it’s focusing on an 11% return fee primarily based on holding it for the complete time period of the engine leases that stretch into 2028.
ETHZilla was previously a clinical-stage biotech firm known as 180 Life Sciences Corp that pivoted to purchasing and holding Ether (ETH) in July amid a frenzy of recent crypto treasury corporations on the time.
ETHZilla chairman and CEO McAndrew Rudisill stated the undertaking “expands funding entry and modernizes fractional asset possession in markets which have traditionally been accessible solely to institutional credit score and personal fairness.”
“Providing a token backed by engines leased to one of many largest and most worthwhile US airways serves as a powerful use case in making use of blockchain infrastructure to aviation property with contracted money flows and international funding demand,” he added.
ETHZilla shifting away from crypto treasury
Rudisill stated in December ETHZilla is transferring away from simply shopping for and holding ETH and goals to construct a enterprise that brings property on-chain by way of tokenization.
Crypto treasury corporations skilled important development and hype final 12 months, however enthusiasm has since began to chill throughout the market.
ETHZilla bought the 2 jet engines for a mixed $12.2 million in January, after promoting off a few of its ETH stash final 12 months.
As a part of its ongoing tokenization push, ETHZilla can be planning to launch tokens for added asset lessons, together with residence and automotive loans, in keeping with the corporate’s announcement.
Some crypto execs have predicted tokenized RWAs will develop considerably in 2026, fueled by adoption in rising economies dealing with points with capital formation and attracting overseas funding.
Over $24 billion in RWA is estimated to be on-chain as of Friday, throughout greater than 846,808 holders, in keeping with RWA.xyz.
Ether stash down from earlier excessive
In a Securities and Change Fee submitting in September, ETHZilla disclosed it held 102,246 Ether at a mean acquisition worth of roughly $3,948, which was valued at $443 million on the time.
Associated: ‘Horse has left the barn:’ ETHZilla bets massive on Ethereum’s stablecoin play
Ether has fallen in line with the remainder of the crypto market and has been drifting between $1,872 and $2,130 within the final seven days, in keeping with CoinGecko.
Strategic Ether reserves lists ETHZilla as holding greater than 93,000 in Ether, value over $188 million. Nevertheless, CoinGecko estimates the corporate’s stash is nearer to 69,802, and is value about $136 million.
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