Home BlockchainEthereum Treasury Firm ETHZilla Pivots to Jet Engine Lease Tokenization as ETH Sinks

Ethereum Treasury Firm ETHZilla Pivots to Jet Engine Lease Tokenization as ETH Sinks

by Decrypt
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Ethereum Treasury Firm ETHZilla Pivots to Jet Engine Lease Tokenization as ETH Sinks

In brief

  • ETHZilla has launched a new token that provides exposure to leased jet engines.
  • The firm purchased two jet engines for around $12 million and leases them to an unnamed air carrier.
  • Monthly distributions will be made to token holders on-chain when applicable.

Publicly traded Ethereum treasury ETHZilla is now participating firsthand in the tokenization trend that some experts say define the future of Ethereum

The firm, through a new wholly owned subsidiary called ETHZilla Aerospace, is offering…

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