| What to Know: - ETHZilla pivots to tokenized real-world assets, starting with aviation lease cash flows. - Eurus Aero Token I tokenizes income from two leased commercial jet engines. - First tradable aviation RWA on Ethereum Layer-2, settling on Arbitrum. |
ETHZilla has pivoted from a crypto treasury focus to tokenized real-world assets, starting with a revenue-linked aviation instrument. The company’s new vehicle brings lease cash flows from commercial jet engines onto Ethereum infrastructure.
As reported by CoinDesk, Eurus Aero Token I gives accredited investors exposure to income from two commercial jet engines via a tokenized structure. The product packages aviation lease receivables into digital claims while keeping the underlying engines and contracts off-chain.
According to FinanceFeeds, ETHZilla acquired two CFM56-7B24 engines for about $12.2 million through a dedicated aerospace subsidiary and leased them to a major U.S. air carrier. The model choice anchors demand in a widely deployed engine family, with performance dependent on utilization and maintenance.
As per StockTitan, the company is marketing Eurus Aero Token I as the first tradable tokenized aviation asset on Ethereum Layer-2 networks, with settlement designed for speed and lower fees on Arbitrum. The initiative positions ETHZilla within the broader RWA trend that seeks to pair digital rails with established cash-flow assets.
ETHZilla’s stated strategy extends beyond aerospace to other income-generating verticals. TipRanks has noted a pipeline spanning manufactured housing loans and auto credit as the firm progresses from balance-sheet crypto holdings to on-chain structured income products.
According to AI Journal, the token is an ERC-20 issued on an Ethereum Layer-2, offered exclusively to accredited investors under Regulation D through Liquidity.io, a regulated broker-dealer platform. The structure pledges collateral interests in the engines and lease receivables, includes insurance proceeds, and features an end-of-term put/call option of $3 million per engine, subject to standard condition and maintenance criteria.
As reported by Decrypt, the instrument targets an approximately 11% return over the lease horizon through 2028, combining base rent with utilization-linked payments. Distributions are designed to pass through to token holders, reflecting underlying cash flow performance from the lessee agreement.
ETHZilla has framed the move as part of a scaled RWA build-out. “This transaction marks an important milestone in our effort to bring real-world, income-producing assets on-chain at institutional scale,” said McAndrew Rudisill, Chairman & CEO of ETHZilla.
Key execution variables include aviation asset management, engine health monitoring, and adherence to lease covenants to sustain cash flows. Liquidity remains a consideration, as secondary trading for narrowly scoped RWAs can be thin until a broader market forms.
From a compliance standpoint, Regulation D limits participation to accredited investors and typically imposes transfer restrictions that can constrain immediate resale. On-chain controls and broker-dealer oversight aim to align token transfers with securities law while preserving auditability.
At the time of this writing, and based on data from Yahoo Finance, Ethereum recently traded near $1,947 with very high implied volatility and bearish sentiment. That backdrop may help explain the appeal of on-chain assets tied to contracted cash flows rather than token price momentum.
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