ETN

EquitiesLive

Tokenized Eaton Corp.

Tokenized Eaton Corp., on-chain exposure to the underlying equity.

See ETN on /markets →Underlying ticker: ETN

Key facts

On-chain symbol
ETN
Underlying
ETN
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 ETN resolves to ETN

Each ETN on-chain represents a 1:1 claim on the underlying Eaton Corp. 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 ETN as a tokenized Eaton Corp., 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying Eaton Corp. is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    ETN 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 ETN with one SDK call

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

POST /v1/mint

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

Where ETN lives today

Flo distributes through partners. The same ETN 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 ETN 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 ETN. 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

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

Open the transparency page →

Risks

ETN carries the market risk of the underlying Eaton Corp., 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.