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