Tokenize MDB via API
MongoDB Inc. 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 custodian cycle (T+1).
What Flo supports for MDB
Three primitives, one API key. MDBflows through the same path as the rest of Flo's tokenized equities universe.
Mint MDB →
Create tokenized MDB from stablecoin payment. Onchain delivery is instant; the broker buys the underlying MongoDB Inc. share at NASDAQ during market hours.
Redeem MDB →
Burn tokenized MDB and receive stablecoin. Flo Finance sells the underlying MongoDB Inc. share at the institutional custodian; your user gets stablecoin instantly.
Borrow against MDB →
Post tokenized MDB as collateral and borrow USDC/USDT up to 70% LTV. Liquidations route through the same custody pipe.
Mint tokenized MDB in one call
The same shape works for every ticker in the universe, swap the symbol and you're done.
// Mint tokenized MDB (MongoDB Inc.) — notional-in default
const mint = await flo.mint({
asset: "MDB",
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).
// MDB ERC-20 tokens land via settle(order_id) once the custodian leg confirms.
// Flo Finance holds the underlying MongoDB Inc. shares at an institutional custodian, 1:1.Comparable assets via Flo
Other technology and NASDAQ names supported by the same API.
MDB on Flo, common questions
Can I tokenize MDB via Flo?
Yes. MDB (MongoDB Inc.) is part of Flo's tokenized equities universe. A POST to /v1/mint with asset=MDB and a notional_usdc amount returns a tokenized MDB ERC-20 1:1 backed by MongoDB Inc. shares held at an institutional custodian by Flo Finance.
How is tokenized MDB backed?
Each onchain MDB token is 1:1 backed by a real MongoDB Inc. share held at institutional custodians by Flo Finance. Reserves are attested daily and published on /transparency/proof-of-reserves.
What is the settlement window for MDB?
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 custodian cycle. NASDAQ settles T+1 in USD, so the custodian leg for MDB clears on that cycle.
Can I borrow stablecoins against MDB?
Yes. Tokenized MDB 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 MDB deployed on?
Tokenized MDB 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 MDB 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 MDB in minutes.