NEW YORK, February 13, 2026 – Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, advised ETHZilla Corporation (Nasdaq: ETHZ) (“ETHZilla”), a financial technology company building institutional-grade infrastructure for real-world asset tokenization, and its wholly owned special purpose subsidiary, ETHZilla Aerospace LLC, in the structuring and launch of the Eurus Aero Token I.

A cross-office, interdisciplinary team of Baker Botts lawyers has advised and supported ETHZilla as it developed a tokenized finance framework for real-world, income-producing assets, culminating in the launch of the Eurus Aero Token I, which represents the first deployment of ETHZilla's tokenization platform and the first tradable tokenized instrument backed by commercial jet engines on lease with a leading U.S. air carrier.

“This transaction demonstrates the viability of bringing high-quality, unlevered industrial assets on-chain to meet global investor demand for contracted, asset-backed cash flows,” said Baker Botts Finance Partner Evan Koster.

ETHZilla is an early mover in developing Ethereum-based infrastructure for tokenized real-world assets, bridging traditional finance with blockchain technology. Following this initial token launch, Baker Botts continues to advise ETHZilla as it builds on its existing tokenized finance capabilities, with plans to launch Ethereum L2 tokens for additional asset classes, including manufactured home loans and car loans, in the near future.

ETHZilla’s press release includes additional transaction details.

Baker Botts Lawyers/Offices Involved:

Finance: Evan Koster (Partner, New York); Juan Moreno (Special Counsel, New York); Adrienne Murr (Associate, Houston)

Corporate: Douglas Getten (Partner, Houston); Andrew Schulte (Partner, Houston); Shelby Brown (Senior Associate, Houston); Chandler Block (Associate, Houston); Akash Kurupassery (Associate, Houston)

Litigation: James J. Beha II (Partner, New York)

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