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