ETHZilla Launches Aviation Token Backed By Jet Engines

ETHZilla Corporation (Nasdaq: ETHZ) on Thursday, Feb. 12 launched Eurus Aero Token I, a tokenized asset backed by two commercial jet engines currently in use by a U.S. air carrier.

The tokens — which are issued on Ethereum Layer 2 networks and distributed through the Liquidityio platform — give investors exposure to lease payments generated by the engines. ETHZilla said it acquired the engines for about $12.2 million. Meanwhile, tokens are priced at $100 each, with a minimum purchase of 10 tokens.

The company said in a press release viewed by The Defiant that the investment targets annual returns of about 11% over the life of the leases, which run through 2027 and 2028.

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