Core Insights - ETHZilla has launched its first tokenized aviation product, the Eurus Aero Token I, marking a strategic shift from a crypto treasury model to managing on-chain real-world assets [1][5] - The offering allows accredited investors to hold fractional ownership in two CFM56 jet engines leased to a major US airline, aiming to democratize access to institutional-grade aviation finance [2][3] Product Details - The Eurus Aero Token I is priced at $100 per unit with a minimum purchase requirement of 10 tokens, targeting an 11% annualized return over a lease term extending into 2028 [4] - The tokens are backed by the physical value of the engines, lease receivables, and a $3 million put/call option per engine exercisable upon lease maturity [4][5] Operational Shift - The purchase of the engines for $12.2 million was funded by liquidating a portion of the company's Ether treasury, indicating a deeper integration of DeFi infrastructure with traditional finance models [5] - ETHZilla plans to expand its on-chain portfolio to include manufactured home loans and auto loans in the near term, reflecting a broader trend in the industry towards institutionalizing tokenized assets [6]