ETHZilla launches jet engine-backed token in tokenization pivot
ETHZilla has introduced a token linked to equity in two commercial jet engines acquired last month, advancing its move into tokenized real-world assets.
The token, named Eurus Aero Token I, is issued through ETHZilla’s new subsidiary, ETHZilla Aerospace, and is backed by two engines currently leased to a leading U.S. air carrier, the company said on Thursday.
Each token is priced at $100 with a minimum purchase of 10 tokens. ETHZilla is targeting an 11% return for holders who maintain the position for the full duration of the engine leases, which run through 2028.
ETHZilla, formerly clinical-stage biotech 180 Life Sciences Corp, pivoted in July to a strategy focused on holding Ether (ETH) amid a broader rise in crypto treasury firms. In December, Chairman and CEO McAndrew Rudisill said the firm intends to move beyond simply buying and holding ETH by bringing assets on-chain via tokenization. He said the initiative broadens investment access and applies blockchain infrastructure to aviation assets with established cash flows and global investor interest.
ETHZilla shifting away from crypto treasury
ETHZilla purchased the two jet engines for a combined $12.2 million in January after selling part of its ETH holdings last year. The company also plans to roll out tokens tied to additional asset classes, including home and auto loans, as part of its tokenization strategy.
Some crypto industry executives expect tokenized real-world assets to expand significantly in 2026, driven by adoption in emerging markets seeking capital formation and foreign investment. As of Friday, over $24 billion in RWA value is recorded on-chain across more than 846,808 holders, according to RWA.xyz.
Ether stash down from previous high
In a September filing with the Securities and Exchange Commission, ETHZilla reported holding 102,246 Ether at an average acquisition price of approximately $3,948, valued at $443 million at that time.
Ether has tracked broader crypto market moves and traded between $1,872 and $2,130 over the past seven days, according to CoinGecko.
Holdings trackers show differing estimates for ETHZilla’s current ETH position. Strategic Ether reserves lists the company with more than 93,000 ETH worth over $188 million, while CoinGecko estimates around 69,802 ETH valued at about $136 million.
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