Tokenize BAC via API
Bank of America 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 BAC
Three primitives, one API key. BACflows through the same path as the rest of Flo's tokenized equities universe.
Mint BAC →
Create tokenized BAC from stablecoin payment. Onchain delivery is instant; the broker buys the underlying Bank of America share at NYSE during market hours.
Redeem BAC →
Burn tokenized BAC and receive stablecoin. Flo Capital SPC sells the underlying Bank of America share at the broker-dealer; your user gets stablecoin instantly.
Borrow against BAC →
Post tokenized BAC as collateral and borrow USDC/USDT up to 70% LTV. Liquidations route through the same broker pipe.
Mint tokenized BAC in one call
The same shape works for every ticker in the universe, swap the symbol and you're done.
// Mint tokenized BAC (Bank of America) — notional-in default
const mint = await flo.mint({
asset: "BAC",
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).
// BAC ERC-20 tokens land via settle(order_id) once the broker leg confirms.
// Flo Capital SPC holds the underlying Bank of America shares at the broker-dealer, 1:1.Comparable assets via Flo
Other financials and NYSE names supported by the same API.
BAC on Flo, common questions
Can I tokenize BAC via Flo?
Yes. BAC (Bank of America) is part of Flo's tokenized equities universe. A POST to /v1/mint with asset=BAC and a notional_usdc amount returns a tokenized BAC ERC-20 1:1-backed by Bank of America shares held at a SEC-registered broker-dealer (IB + Alpaca).
How is tokenized BAC backed?
Each onchain BAC token is backed 1:1 by a Bank of America 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 BAC?
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. NYSE settles T+1 in USD, so the broker leg for BAC clears on that cycle.
Can I borrow stablecoins against BAC?
Yes. Tokenized BAC 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 BAC deployed on?
Tokenized BAC 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 BAC 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 BAC in minutes.