Tokenize AFRM via API
Affirm Holdings as a 1:1-backed onchain ERC-20. Mint, redeem, and post as collateral with one SDK call. Mint and redeem are asynchronous via an on-chain order_id; the terminal action lands via settle(order_id) on the broker-dealer cycle (T+1).
What Flo supports for AFRM
Three primitives, one API key. AFRMflows through the same path as the rest of Flo's tokenized equities universe.
Mint AFRM →
Create tokenized AFRM from stablecoin payment. Onchain delivery is instant; the broker buys the underlying Affirm Holdings share at NASDAQ during market hours.
Redeem AFRM →
Burn tokenized AFRM and receive stablecoin. Flo Capital SPC sells the underlying Affirm Holdings share at the broker-dealer; your user gets stablecoin instantly.
Borrow against AFRM →
Post tokenized AFRM as collateral and borrow USDC/USDT up to 70% LTV. Liquidations route through the same broker pipe.
Mint tokenized AFRM in one call
The same shape works for every ticker in the universe, swap the symbol and you're done.
// Mint tokenized AFRM (Affirm Holdings) — notional-in default
const mint = await flo.mint({
asset: "AFRM",
notional_usdc: "1000.00", // pay-in. SDK derives min_quantity from quote * (1 + slippage_bps).
slippage_bps: 50, // 0.50%. Default if omitted.
settlement: {
currency: "USDC", // per-chain accepted set in /v1/chains
chain: 8453, // Base. EIP-155 integer chain ID.
wallet: userWalletAddress,
},
gas: { sponsor: "developer" },
});
// mint.status is "active" with mint.order_id set on chain (or "queued" out-of-session).
// AFRM ERC-20 tokens land via settle(order_id) once the broker leg confirms.
// Flo Capital SPC holds the underlying Affirm Holdings shares at the broker-dealer, 1:1.Comparable assets via Flo
Other financials and NASDAQ names supported by the same API.
AFRM on Flo, common questions
Can I tokenize AFRM via Flo?
Yes. AFRM (Affirm Holdings) is part of Flo's tokenized equities universe. A POST to /v1/mint with asset=AFRM and a notional_usdc amount returns a tokenized AFRM ERC-20 1:1-backed by Affirm Holdings shares held at a SEC-registered broker-dealer (IB + Alpaca).
How is tokenized AFRM backed?
Each onchain AFRM token is backed 1:1 by a Affirm Holdings share held by Flo Capital SPC (Cayman), a bankruptcy-remote Segregated Portfolio Company, in segregated brokerage accounts at Flo's SEC-registered broker-dealers. Reserves are attested daily and published on /transparency/proof-of-reserves.
What is the settlement window for AFRM?
Mint and redeem are asynchronous via an on-chain order_id. The create-order tx is atomic; the terminal action (live token mint or stablecoin payout) lands via settle(order_id) on the broker-dealer cycle. NASDAQ settles T+1 in USD, so the broker leg for AFRM clears on that cycle.
Can I borrow stablecoins against AFRM?
Yes. Tokenized AFRM is collateral-eligible in the Flo borrow product as a large-cap equity, with a three-margin model — initial 70% (max LTV at open), maintenance 75% (alerts begin via borrow.maintenance_breach), liquidation 78% (keepers auto-close on a 30-second TWAP, no grace window). APR is a floating rate set by the pool's utilization curve (kinks at 75% and 90%). See /docs#borrow-overview for the full state machine.
Which chains is AFRM deployed on?
Tokenized AFRM is deployable on Base, Arbitrum, Ethereum. Pass the EIP-155 integer chain ID on the settlement object (8453 for Base, 42161 for Arbitrum, 1 for Ethereum). String slugs are not accepted on input; see /docs#rest-chains.
Ship tokenized AFRM to your users
Mint, redeem, sandbox, and webhooks are free. No setup fee, no monthly minimum, no annual contract. Get an API key and mint your first tokenized AFRM in minutes.