AFRM

EquitiesLive

Tokenized Affirm Holdings

Tokenized Affirm Holdings, on-chain exposure to the underlying equity.

See AFRM on /markets →Underlying ticker: AFRM

Key facts

On-chain symbol
AFRM
Underlying
AFRM
Asset class
Equities
Custody
Held at Flo Finance
Chains
Base, Arbitrum, Ethereum
Distribution treatment
Total return, accrued to NAV
Attestation cadence
Daily
Issuer
Flo Finance
Backing
1:1 backed by the real underlying

How AFRM resolves to AFRM

Each AFRM on-chain represents a 1:1 claim on the underlying Affirm Holdings 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 AFRM as a tokenized Affirm Holdings, 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying Affirm Holdings is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    AFRM 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 AFRM with one SDK call

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

POST /v1/mint

{
  "asset": "AFRM",
  "notional_usdc": "1000.00",
  "slippage_bps": 50,
  "settlement": {
    "currency": "USDC",
    "chain": "base"
  }
}

Where AFRM lives today

Flo distributes through partners. The same AFRM 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 AFRM 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 AFRM. 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

AFRM is issued by Flo Finance and 1:1 backed by real Affirm Holdings held at institutional custodians. Reserves are attested daily and published on the Flo transparency surface.

Open the transparency page →

Risks

AFRM carries the market risk of the underlying Affirm Holdings, 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.