Tokenize OXY via API
Occidental Petroleum 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 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 sells the underlying Occidental Petroleum share and settles the SPV — 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)
const mint = await flo.mints.create({
symbol: "OXY",
quantity: "10",
chain: "base",
recipient: userWalletAddress,
});
// → 10 OXY ERC-20 tokens delivered onchain instantly.
// Flo holds 10 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/mints with symbol=OXY 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 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 OXY?
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 OXY?
Yes. Tokenized OXY 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 OXY deployed on?
Tokenized OXY is deployable on Ethereum, Base, Arbitrum, Optimism, Polygon. Mint with the chain= parameter on the Mint API.
Ship tokenized OXY to your users
Flo is recruiting 15 design partners with $5K–$10K integration credit. Get an API key and mint your first tokenized OXY in minutes.