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 belongings.
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 commercial 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 stated it’s concentrating on an 11% return price primarily based on holding it for the total time period of the engine leases that stretch into 2028.
ETHZilla was formerly a clinical-stage biotech company known as 180 Life Sciences Corp that pivoted to purchasing and holding Ether (ETH) in July amid a frenzy of new crypto treasury companies 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 out there solely to institutional credit score and personal fairness.”
“Offering 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 belongings with contracted money flows and international 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 belongings on-chain through tokenization.
Crypto treasury corporations skilled vital growth and hype last year, however enthusiasm has since started to cool throughout the market.
ETHZilla bought the 2 jet engines for a mixed $12.2 million in January, after selling off some of its ETH stash last year.
As a part of its ongoing tokenization push, ETHZilla can also be planning to launch tokens for extra asset lessons, together with dwelling and automotive loans, in accordance 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 international funding.
Over $24 billion in RWA is estimated to be on-chain as of Friday, throughout greater than 846,808 holders, according to RWA.xyz.
Ether stash down from earlier excessive
In a Securities and Trade Fee submitting in September, ETHZilla disclosed it held 102,246 Ether at a median acquisition worth of roughly $3,948, which was valued at $443 million on the time.
Associated: ‘Horse has left the barn:’ ETHZilla bets big 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 accordance 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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