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