Ethereum treasury firm ETHZilla (ETHZ) buys jet engines for $12 million in RWA tokenization push
Ethereum treasury firm ETHZilla bought two jet engines for $12.2 million as part of its broader strategy to tokenize real-world assets (RWAs).Summary
Ethereum-focused treasury firm ETHZilla has acquired two CFM56-7B24 aircraft engines for $12.2 million through its new subsidiary, ETHZilla Aerospace LLC, following significant sales of its ETH holdings.
These engines are currently leased to a major airline, managed by Aero Engine Solutions, and include a buy-sell option agreement. This move aligns with the broader aerospace business trend of leasing spare engines, especially given current supply constraints in the sector.
This acquisition appears to be a key step in ETHZilla's pivot toward tokenizing real-world assets (RWAs) on-chain, a strategy outlined after the firm sold over $114.5 million in ETH to fund buybacks and debt redemption. The company plans to tokenize assets, including manufactured home loans and auto finance loans, in partnership with regulated entities, aiming to list the first tokenized offerings in the first quarter of the year.
(Source：CoinDesk)