ETHZilla (ETHZ) has unveiled a tokenized aviation asset, marking a major step in its plan to bring income-producing real-world assets onto Ethereum.
The new offering, Eurus Aero Token I, gives accredited investors access to lease income from two commercial jet engines currently in use by a major U.S. airline, ETHZilla announced on Thursday.
The deal, run through ETHZilla’s newly formed ETHZilla Aerospace LLC subsidiary, turns a traditionally institutional asset, aircraft engine leasing, into fractional tokens.
Each $100 token represents a claim on monthly lease payments, with expected annual returns around 11%, according to the company. ETHZIlla acquired the jet engines for $12.2 million late last month.
The tokens are issued on Ethereum Layer 2s and distributed through Liquidity.io, a…
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Source www.coindesk.com
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