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