Ethereum treasury company ETHZilla launches the first tokenized asset backed by aircraft engines
ChainCatcher news, Ethereum treasury company ETHZilla Corporation (NASDAQ: ETHZ), through its wholly-owned subsidiary ETHZilla Aerospace LLC, has launched Eurus Aero Token I, the first tokenized real-world asset backed by commercial aircraft engines.
This token is built on the Ethereum Layer 2 network and is backed by two CFM56 commercial jet engines valued at approximately $12.2 million, which are leased to major U.S. airlines. Each token is priced at $100, with a minimum purchase of 10 tokens, and a target return rate of about 11% if held until the end of the lease term. ETHZilla stated that this product offers qualified investors access to an asset class traditionally limited to private aviation leasing funds or large institutional transactions.
The token will be exclusively available through the Liquidity.io ecosystem, utilizing the ERC-20 token structure, with monthly cash flow distributions to token holders. ETHZilla plans to launch more tokenized asset classes in the near future, including prefabricated home loans and auto loans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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