Tokenize BMY via API
Bristol-Myers Squibb 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 BMY
Three primitives, one API key. BMYflows through the same path as the rest of Flo's tokenized equities universe.
Mint BMY →
Create tokenized BMY from stablecoin payment. Onchain delivery is instant; the broker buys the underlying Bristol-Myers Squibb share at NYSE during market hours.
Redeem BMY →
Burn tokenized BMY and receive stablecoin. Flo Capital SPC sells the underlying Bristol-Myers Squibb share at the broker-dealer; your user gets stablecoin instantly.
Borrow against BMY →
Post tokenized BMY as collateral and borrow USDC/USDT up to 70% LTV. Liquidations route through the same broker pipe.
Mint tokenized BMY in one call
The same shape works for every ticker in the universe, swap the symbol and you're done.
// Mint tokenized BMY (Bristol-Myers Squibb) — notional-in default
const mint = await flo.mint({
asset: "BMY",
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).
// BMY ERC-20 tokens land via settle(order_id) once the broker leg confirms.
// Flo Capital SPC holds the underlying Bristol-Myers Squibb shares at the broker-dealer, 1:1.Comparable assets via Flo
Other healthcare and NYSE names supported by the same API.
BMY on Flo, common questions
Can I tokenize BMY via Flo?
Yes. BMY (Bristol-Myers Squibb) is part of Flo's tokenized equities universe. A POST to /v1/mint with asset=BMY and a notional_usdc amount returns a tokenized BMY ERC-20 1:1-backed by Bristol-Myers Squibb shares held at a SEC-registered broker-dealer (IB + Alpaca).
How is tokenized BMY backed?
Each onchain BMY token is backed 1:1 by a Bristol-Myers Squibb 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 BMY?
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 BMY clears on that cycle.
Can I borrow stablecoins against BMY?
Yes. Tokenized BMY 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 BMY deployed on?
Tokenized BMY 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 BMY 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 BMY in minutes.