Every asset you buy through Flo is a transferable, composable ERC-20 that carries the exchange ticker of the underlying — AAPL, SPY, SGOV, GOLD, EURUSD. Stocks, treasury yield, commodities, FX, ETFs, fixed income. One naming convention, one settlement asset, one SDK.
Every position bought through Flo is an ERC-20 in your wallet. AAPL for tokenized Apple stock, SGOV for short-duration Treasuries, GOLD for commodities, EURUSD for FX, SPY for ETFs, JPST for short-term corporate credit. The on-chain symbol is the raw exchange ticker of the underlying — no prefix, no suffix, no wrapper mark. Transferable, lendable, composable. 1:1 backed by the real underlying, held at institutional custodians.
One naming convention covers the entire universe. The Flo token IS the ticker: AAPL on-chain is Apple, SGOV on-chain is the SGOV ETF, GOLD is gold. A developer who has never read a Flo doc can guess what AAPL is. A treasury team that wants to hold T-bills onchain can find SGOV. A DeFi vault that wants to add commodities exposure knows where GOLD lives. The same convention applies to vaults and basket tokens we issue downstream.
I went back and forth on this for a long time. The question that kept coming up was whether to ship an ERC-1155 wrapper for portfolio-style products, an ERC-20 per ticker, or something custom. Standards won. Every DeFi protocol I'd want an partner to plug into speaks ERC-20 fluently. Money markets, perp DEXs, automated rebalancers. They all expect a fungible, transferable token with a known interface. The loss of compatibility wasn't worth the gain on the wrapper side.
Three layers, each verifiable independently.
We don't custody the token. The partner's user does. Flo Finance holds the underlying at an institutional custodian, and every token is 1:1 backed by the real underlying. The token is a contractual claim against Flo Finance.
An AAPL holder can post their position as collateral in an Aave-style money market. A SGOV holder can earn the Treasury yield onchain and use that yield as collateral for a leveraged AAPL long. A GOLD position can hedge a EURUSD trade in the same vault. They can swap AAPL to NVDA without ever touching cash. None of this is possible across a brokerage account today, and I think that's the part of this category most people are still under-pricing.
An ERC-20 doesn't replace your brokerage. It composes with the rest of your stack.
Flo Finance runs a total-return model. Cash dividends, bond coupons, money-market accruals, scrip dividends, and special distributions are paid out to token holders as an increase in NAV per token. The institutional custodian receives the distribution net of any applicable withholding tax, reinvests the net cash into more of the same underlying, and the higher shares-per-token ratio is reflected in NAV per token. Token supply stays the same.
Stock splits follow the same logic. Flo Finance's share count adjusts by the split ratio and NAV per token reflects the new shares-per-token ratio. Cash M&A converts tokens to cash at the deal price on closing. Voting on the underlying is exercised at the custodian level on behalf of Flo Finance by default; pass-through can be enabled per integration where the custodian permits. Each event is announced via signed webhook updates. Buys and sells pause at the boundary while custodian books reconcile, which keeps on-chain NAV in sync with the underlying.
Built right, the trade-offs are small relative to what becomes possible. AAPL is what AAPL should have always been. SGOV is what holding T-bills should have always been. Composable, transferable, instantly settled, programmable. Same convention across stocks, treasury yield, commodities, FX, ETFs, and fixed income.
