Tokenize ETN via API
Eaton Corp. as a 1:1-backed onchain ERC-20. Mint, redeem, and post as collateral with one API call. The onchain leg is instant for your users; the broker-exchange leg clears T+1 against the SPV.
What Flo supports for ETN
Three primitives, one API key. ETNflows through the same path as the rest of Flo's tokenized equities universe.
Mint ETN →
Create tokenized ETN from stablecoin payment. Onchain delivery is instant; the broker buys the underlying Eaton Corp. share at NYSE during market hours.
Redeem ETN →
Burn tokenized ETN and receive stablecoin. Flo sells the underlying Eaton Corp. share and settles the SPV — your user gets stablecoin instantly.
Borrow against ETN →
Post tokenized ETN as collateral and borrow USDC/USDT up to 70% LTV. Liquidations route through the same broker pipe.
Mint tokenized ETN in one call
The same shape works for every ticker in the universe — swap the symbol and you're done.
// Mint tokenized ETN (Eaton Corp.)
const mint = await flo.mints.create({
symbol: "ETN",
quantity: "10",
chain: "base",
recipient: userWalletAddress,
});
// → 10 ETN ERC-20 tokens delivered onchain instantly.
// Flo holds 10 Eaton Corp. shares at the broker-dealer, 1:1.Comparable assets via Flo
Other industrials and NYSE names supported by the same API.
ETN on Flo — common questions
Can I tokenize ETN via Flo?
Yes. ETN (Eaton Corp.) is part of Flo's tokenized equities universe. A POST to /v1/mints with symbol=ETN returns a tokenized ETN ERC-20 1:1-backed by Eaton Corp. shares held at a SEC-registered broker-dealer (IB + Alpaca).
How is tokenized ETN backed?
Each onchain ETN token is backed 1:1 by a Eaton Corp. share held in a bankruptcy-remote SPV at Flo's prime brokers. Reserves are attested daily and published on /trust/proof-of-reserves.
What is the settlement window for ETN?
NYSE settles T+1 in USD. The onchain leg is instant for your users — Flo's SPV absorbs the broker-exchange timing gap.
Can I borrow stablecoins against ETN?
Yes. Tokenized ETN is collateral-eligible in the Flo borrow product, with up to 70% LTV and a 6–9% borrow APR depending on tier. See /products/borrow for the parameters.
Which chains is ETN deployed on?
Tokenized ETN is deployable on Ethereum, Base, Arbitrum, Optimism, Polygon. Mint with the chain= parameter on the Mint API.
Ship tokenized ETN to your users
Flo is recruiting 15 design partners with $5K–$10K integration credit. Get an API key and mint your first tokenized ETN in minutes.