BIL

ETFsLive

Tokenized SPDR 1-3 Month T-Bill

Tokenized SPDR 1-3 Month T-Bill, fund-style exposure delivered as a single on-chain asset.

See BIL on /markets →Underlying ticker: BIL

Key facts

On-chain symbol
BIL
Underlying
BIL
Asset class
ETFs
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 BIL resolves to BIL

Each BIL on-chain represents a 1:1 claim on the underlying SPDR 1-3 Month T-Bill 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 BIL as a tokenized SPDR 1-3 Month T-Bill, 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying SPDR 1-3 Month T-Bill is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    BIL 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 BIL with one SDK call

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

POST /v1/mint

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

Where BIL lives today

Flo distributes through partners. The same BIL 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 BIL 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 BIL. 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

BIL is issued by Flo Finance and 1:1 backed by real SPDR 1-3 Month T-Bill held at institutional custodians. Reserves are attested daily and published on the Flo transparency surface.

Open the transparency page →

Risks

BIL carries the market risk of the underlying SPDR 1-3 Month T-Bill, 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.