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