HO

CommoditiesLive

Tokenized Heating Oil

Tokenized Heating Oil, hard-asset exposure tracked at spot.

See HO on /markets →Underlying ticker: HO

Key facts

On-chain symbol
HO
Underlying
HO
Asset class
Commodities
Custody
Held at Flo Finance
Chains
Base, Arbitrum, Ethereum
Distribution treatment
Spot price, no distributions
Attestation cadence
Daily
Issuer
Flo Finance
Backing
1:1 backed by the real underlying

How HO resolves to HO

Each HO on-chain represents a 1:1 claim on the underlying Heating Oil 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 HO as a tokenized Heating Oil, 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying Heating Oil is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    HO 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 HO with one SDK call

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

POST /v1/mint

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

Where HO lives today

Flo distributes through partners. The same HO 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 HO 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 HO. 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

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

Open the transparency page →

Risks

HO carries the market risk of the underlying Heating Oil, 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.