Crypto treasury company ETHZilla has launched a token that provides access to equity in jet engines which the company purchased recently as part of its shift to tokenized assets.
ETHZilla announced on Thursday that the token, named Eurus Aero Token I, is being offered through its new subsidiary, ETHZilla Aerospace, and is backed by two commercial jet engines leased to a so-called leading US airline.
Each token is priced at $100, with a minimum purchase of 10 tokens, aiming for an 11% return rate based on the lease’s duration which extends until 2028.
Previously, ETHZilla was a clinical-stage biotech firm known as 180 Life Sciences Corp, but shifted focus in July to acquiring and holding Ether (ETH) amid rising interest in new crypto treasury firms.
CEO McAndrew Rudisill stated that this endeavor “expands investment access and modernizes fractional asset ownership in traditionally institutional markets.”
“Offering a token backed by engines leased to one of the largest and most profitable US airlines demonstrates a solid application of blockchain infrastructure in securing cash flow assets with worldwide investment appeal,” he added.
A Transition from Crypto Treasury
Rudisill mentioned in December that ETHZilla was moving beyond merely holding ETH and intends to construct a business focused on bringing assets on-chain through tokenization.
Although crypto treasury companies saw considerable growth last year, excitement in the market has recently diminished.
ETHZilla acquired the two engines for $12.2 million last month after liquidating some of its ETH holdings.
In addition to the jet engine project, ETHZilla is also planning to roll out tokens for other asset classes, including home and car loans.
Some analysts anticipate significant growth in the tokenized asset market in 2026, particularly in emerging economies that struggle with capital acquisition and foreign investment.
As of now, over $24 billion in real-world assets (RWAs) is estimated to be tokenized, with more than 846,808 holders, according to recent statistics.
Ether Holdings Decrease
In a September SEC filing, ETHZilla revealed it held 102,246 Ether at an average purchase price of about $3,948, valued at approximately $443 million. However, the value of Ether has fluctuated recently, generally ranging between $1,872 and $2,130 per unit.
Strategic records suggest ETHZilla’s Ether holdings exceed 93,000, estimated at over $188 million, but other reports indicate the figure could be closer to 69,802, valued around $136 million.
