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