ChainCatcher News: Ethereum treasury company ETHZilla Corporation (Nasdaq: ETHZ) has launched Eurus Aero Token I through its wholly owned subsidiary ETHZilla Aerospace LLC, marking the first tokenized physical asset supported by commercial aircraft engines.
The token is built on the Ethereum layer-2 network and is backed by two CFM56 commercial jet engines leased to major U.S. airlines, valued at approximately $12.2 million. Each token is priced at $100, with a minimum purchase of 10 tokens, and aims for an approximate return of 11% upon lease maturity. ETHZilla states 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 an ERC-20 token structure, with monthly cash flow distributions to token holders. ETHZilla plans to soon introduce additional tokenized asset classes, including prefab housing loans and auto loans.
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