According to Ethzilla, the asset is collateralized by Boeing 737-800 aircraft engines leased to major United States air carriers and uses a proprietary "Tokenized Trust" structure (asset-holding legal vehicle) to enable tokenization (issuing asset-backed tokens).
Ethzilla announced what it calls the first tradable tokenized aviation asset on Ethereum, backed by Boeing 737-800 aircraft engines leased to major United States air carriers. The company says it employs a proprietary "Tokenized Trust" structure (asset-holding legal vehicle) to support tokenization (issuing asset-backed tokens) of the collateral. The move aligns with the broader real-world asset (RWA) tokenization trend (bringing off-chain assets on-chain), which typically uses smart contracts (self-executing blockchain code) to record ownership and enable transferability.