ETHZilla tokenizes monthly cash flow from leased aircraft engines via Euros Aero Token I

PANews reported on February 10th that, according to The Block, ETHZilla, an Ethereum fund management company backed by Peter Thiel's Founders Fund, will launch its first aircraft leasing asset token, Eurus Aero Token I, later this week. This token aims to fractionalize the monthly cash flow from leased aircraft engines.

ETHZilla Aerospace subsidiary has leased two commercial jet engines to a “major U.S. airline,” and the resulting cash flow (including base rent and usage-based payments) will be distributed on-chain to holders via ERC-20 tokens. Token holders will receive cash or immediately available funds depending on the availability of distributable funds. Eurus Aero Token I will be secured by an asset package consisting of the aircraft engines, related lease receivables, reserves, and insurance proceeds. The lease agreement will continue through 2027 and 2028 and includes a $3 million sell/buy option.