Crypto treasury corporations ETHZilla has launched a token that gives access to equity in aircraft engines that the corporate acquired last month as a part of its transition to tokenized assets.
ETHZilla said on Thursday that the token, called Eurus Aero Token I, will probably be launched through its recent subsidiary ETHZilla Aerospace and will probably be backed by two industrial jet engines leased to “a number one U.S. aerospace company.”
The company has set the value of every token at $100, with a minimum purchase of 10 tokens. ETHZilla said it was targeting an 11% return based on holding over the lifetime of the engine leases, which extend to 2028.
ETHZilla was formerly a clinical-stage biotech company called 180 Life Sciences Corp that pivoted to purchasing and owning Ether (ETH) in July amid a frenzy of recent crypto treasury ventures on the time.
McAndrew Rudisill, chairman and CEO of ETHZilla, said the project “expands investment access and modernizes fractional ownership of assets in markets which have historically only been available to institutional credit and personal equity.”
“Offering a token backed by engines leased to one in all the biggest and most profitable U.S. airlines is a powerful use case for applying blockchain infrastructure to aviation assets with contracted money flows and global investment demand,” he added.
Source: ETHZilla
ETHZilla is popping away from crypto treasuries
Rudisill said in December that ETHZilla is not any longer just buying and holding ETH, but wants to construct an organization that brings assets on-chain through tokenization.
Crypto treasury corporations saw significant growth and hype last 12 months, but since then enthusiasm has waned across the market.
ETHZilla purchased the 2 engines in January for a complete of $12.2 million after selling a few of its ETH holdings last 12 months.
According to the corporate's announcement, ETHZilla also plans to launch tokens for added asset classes, including home and auto loans, as a part of its ongoing tokenization drive.
Some crypto executives have predicted that tokenized RWAs will increase significantly in 2026, driven by adoption in emerging markets which can be struggling to form capital and attract foreign investment.
As of Friday, it was estimated that over $24 billion in RWA was on-chain with greater than 846,808 holders, in keeping with RWA.xyz.
Ether supplies have fallen from previous highs
In a filing with the U.S. Securities and Exchange Commission in September, ETHZilla disclosed that it held 102,246 Ether at a median purchase price of roughly $3,948, valued at $443 million on the time.
According to CoinGecko, Ether has fallen in lockstep with the remainder of the crypto market, fluctuating between $1,872 and $2,130 over the past seven days.
According to Ether Strategic Reserves, ETHZilla holds greater than 93,000 Ether price over $188 million. However, CoinGecko estimates that the corporate's supply is closer to 69,802 and is price about $136 million.
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