IN10Y

BondsLive

Tokenized India 10-Year G-Sec

Tokenized India 10-Year G-Sec, fixed-income exposure with coupons reinvested to NAV.

See IN10Y on /markets →Underlying ticker: IN10Y

Key facts

On-chain symbol
IN10Y
Underlying
IN10Y
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 IN10Y resolves to IN10Y

Each IN10Y on-chain represents a 1:1 claim on the underlying India 10-Year G-Sec 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 IN10Y as a tokenized India 10-Year G-Sec, 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying India 10-Year G-Sec is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    IN10Y 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 IN10Y with one SDK call

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

POST /v1/mint

{
  "asset": "IN10Y",
  "notional_usdc": "1000.00",
  "slippage_bps": 50,
  "settlement": {
    "currency": "USDC",
    "chain": "base"
  }
}

Where IN10Y lives today

Flo distributes through partners. The same IN10Y 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 IN10Y 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 IN10Y. 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

IN10Y is issued by Flo Finance and 1:1 backed by real India 10-Year G-Sec held at institutional custodians. Reserves are attested daily and published on the Flo transparency surface.

Open the transparency page →

Risks

IN10Y carries the market risk of the underlying India 10-Year G-Sec, 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.