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