The engines are leased to a US air carrier under agreements running through 2028. The company is targeting an 11% return for investors who hold the token for the full lease term, with a minimum purchase of 10 tokens.
Crypto treasury firm ETHZilla unveiled a new tokenized investment product backed by commercial aviation assets. This is a big shift away from a pure Ethereum accumulation strategy toward real-world asset tokenization.
The company announced that it has launched the Eurus Aero Token I through its newly formed subsidiary, ETHZilla Aerospace. The token is backed by two commercial jet engines that ETHZilla acquired last month for a combined $12.2 million. According to the company, the engines are currently leased to what it described as a leading US air carrier, generating contracted cash flows through lease agreements that run until 2028.
Read more: coinpaper.com
Source: CRYPTO WORLD NETWORK NEWS
