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