ABSAUTO

BondsLive

Tokenized Ally Auto ABS

Tokenized Ally Auto ABS, fixed-income exposure with coupons reinvested to NAV.

See ABS-AUTO on /markets →Underlying ticker: ABS-AUTO

Key facts

On-chain symbol
ABSAUTO
Underlying
ABS-AUTO
Asset class
Bonds
Custody
Held at Flo Finance
Chains
Base, Arbitrum, Ethereum
Distribution treatment
Coupon reinvested to NAV
Attestation cadence
Daily
Issuer
Flo Finance
Backing
1:1 backed by the real underlying

How ABSAUTO resolves to ABS-AUTO

Each ABSAUTO on-chain represents a 1:1 claim on the underlying Ally Auto ABS held at an institutional custodian. The issuer and backing model are the same for every Flo token; only the underlying differs.

  1. 01

    Issuance

    Flo Finance issues ABSAUTO as a tokenized Ally Auto ABS, 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying Ally Auto ABS is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    ABSAUTO settles on-chain on Base, Arbitrum, Ethereum. Cross-chain transfers route through Chainlink CCIP.

  4. 04

    Attestation

    Reserves are attested daily by an independent auditor and published on the Flo transparency surface.

Mint ABSAUTO with one SDK call

Every Flo-issued token shares the same six SDK methods. Mint, redeem, supply, withdraw, borrow, repay.

POST /v1/mint

{
  "asset": "ABS-AUTO",
  "notional_usdc": "1000.00",
  "slippage_bps": 50,
  "settlement": {
    "currency": "USDC",
    "chain": "base"
  }
}

Where ABSAUTO lives today

Flo distributes through partners. The same ABSAUTO on-chain is the asset every partner integrates against; partner UIs may relabel it for their own brand.

Partner integrations in build

No live partner is distributing ABS-AUTO yet. Twelve integrations are in build across exchanges, wallets, fintechs, neobanks, and asset managers. Partners are listed here only after they ship.

Audits

Four independent firms, $250K bug bounty

Sherlock, Halborn, Cantina, and Cyfrin have audited the smart contracts that issue and settle ABSAUTO. The same contracts power every Flo-issued token; one audit covers the catalogue.

Read the audit reports →

Backing

1:1 backed by the real underlying

ABSAUTO is issued by Flo Finance and 1:1 backed by real Ally Auto ABS held at institutional custodians. Reserves are attested daily and published on the Flo transparency surface.

Open the transparency page →

Risks

ABSAUTO carries the market risk of the underlying Ally Auto ABS, plus the structural risks common to every tokenized asset: custody concentration, smart-contract risk, and oracle dependency. Read the full risk disclosures on the Flo transparency surface before integrating or holding.