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 said on Thursday that the token, known as Eurus Aero Token I, was being launched via its new subsidiary, ETHZilla Aerospace, and is backed by two industrial jet engines which are leased to “a number one US air service.”
The corporate has priced every token at $100, with a minimal buy of 10 tokens. ETHZilla mentioned it is focusing on an 11% return charge based mostly 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 firms on the time.
ETHZilla chairman and CEO McAndrew Rudisill mentioned 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 robust use case in making use of blockchain infrastructure to aviation property with contracted money flows and world funding demand,” he added.
ETHZilla shifting away from crypto treasury
Rudisill said in December ETHZilla is transferring away from simply shopping for and holding ETH and goals to construct a enterprise that brings property on-chain via tokenization.
Crypto treasury firms skilled vital progress 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 extra asset courses, together with house and automotive loans, based on the corporate’s announcement.
Some crypto execs have predicted tokenized RWAs will develop considerably in 2026, fueled by adoption in rising economies going through points with capital formation and attracting international funding.
Over $24 billion in RWA is estimated to be on-chain as of Friday, throughout greater than 846,808 holders, accordingly to RWA.xyz.
Ether stash down from earlier excessive
In a Securities and Alternate Fee submitting in September, ETHZilla disclosed it held 102,246 Ether at a median acquisition value of roughly $3,948, which was valued at $443 million on the time.
Associated: ‘Horse has left the barn:’ ETHZilla bets large on Ethereum’s stablecoin play
Ether has fallen consistent with the remainder of the crypto market and has been drifting between $1,872 and $2,130 within the final seven days, based on CoinGecko.
Strategic Ether reserves sheets ETHZilla as holding greater than 93,000 in Ether, price over $188 million. Nevertheless, CoinGecko estimates the corporate’s stash is nearer to 69,802, and is price about $136 million.
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