ETHZilla Introduces Tokenized Real World Asset Powered by a Commercial Jet Engine

BlockBeats News, February 12th, according to the Associated Press, Ethereum treasury company ETHZilla (ETHZ) has launched the Eurus Aero Token I through its wholly-owned subsidiary ETHZilla Aerospace LLC, the first tokenized real-world asset backed by a commercial aircraft engine, built on the Ethereum Layer 2 network, supported by two CFM56 commercial jet engines valued at about $12.2 million in total and leased to a major US airline. Each token is priced at $100, with a minimum purchase of 10 tokens, and the target return rate is about 11% until the end of the lease term.

ETHZilla stated that this product provides accredited investors with an opportunity to access an asset class limited to private aviation leasing funds or large institutional transactions. ETHZilla also plans to launch more tokenized asset classes soon, including prefabricated home loans and car loans.