Cryptocurrency treasury company ETHZilla has launched a token offering access to equity capital in jet engines, which the company acquired last month as part of its transition to tokenized assets.
ETHZilla he said on Thursday said a token called Eurus Aero Token I is being launched through its recent subsidiary ETHZilla Aerospace and is backed by two commercial jet engines leased to a “leading U.S. air carrier.”
The company has priced each token at $100, with a minimum purchase of 10 tokens. ETHZilla said it is targeting a rate of return of 11%, assuming it is maintained throughout the engine leasing period, which extends to 2028.
ETHZilla was previously a clinical-stage biotech company called 180 Life Sciences Corp, which began buying and holding Ether (ETH) in July amid a frenzy of recent cryptocurrency companies.
ETHZilla president and CEO McAndrew Rudisill said the project “expands access to investment and modernizes fractional asset ownership in markets that have historically been exclusive to institutional lending and private equity.”
“Offering a token backed by leased engines to one of the largest and most profitable U.S. airlines is a strong example of the application of blockchain infrastructure to aviation assets with contracted cash flows and global investment demand,” he added.
ETHZilla is moving away from cryptocurrency vault
Rudisill he said in December, ETHZilla is moving away from simply buying and holding ETH and aims to build a business that moves assets on-chain through tokenization.
Cryptocurrency treasury companies saw significant growth and buzz last year, but since then, enthusiasm across the market has begun to wane.
ETHZilla purchased both jet engines for a total of $12.2 million in January, after selling part of its ETH stock last year.
As part of its ongoing tokenization effort, ETHZilla also plans to launch tokens for additional asset classes, including home and auto loans, according to the company’s announcement.
Some cryptocurrency executives predict that tokenized RWA values will raise significantly in 2026, driven by the adoption of these cryptocurrencies in emerging economies facing challenges in creating capital and attracting foreign investment.
As of Friday, it is estimated that there is over $24 billion in RWA on the network, with over 846,808 holders, According to to RWA.xyz.
The ether stash has fallen from its previous high
ETHZilla filed in September with the Securities and Exchange Commission revealed held 102,246 Ether at an average purchase price of approximately $3,948, which was valued at $443 million at the time.
Related: “The horse has left the barn”: ETHZilla is betting massive on the Ethereum stablecoin play
According to CoinGecko, Ether has fallen along with the rest of the cryptocurrency market and has been drifting between $1,872 and $2,130 over the past seven days.
Strategic Aether Reserves lists ETHZilla holds over 93,000 shares of Ether worth over $188 million. However, CoinGecko estimates the company’s resources are closer to 69,802 and are worth approximately $136 million.
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