JP10Y

BondsLive

Tokenized Japan 10-Year JGB

Tokenized Japan 10-Year JGB, fixed-income exposure with coupons reinvested to NAV.

See JP10Y on /markets →Underlying ticker: JP10Y

Key facts

On-chain symbol
JP10Y
Underlying
JP10Y
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 JP10Y resolves to JP10Y

Each JP10Y on-chain represents a 1:1 claim on the underlying Japan 10-Year JGB 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 JP10Y as a tokenized Japan 10-Year JGB, 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying Japan 10-Year JGB is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    JP10Y 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 JP10Y with one SDK call

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

POST /v1/mint

{
  "asset": "JP10Y",
  "notional_usdc": "1000.00",
  "slippage_bps": 50,
  "settlement": {
    "currency": "USDC",
    "chain": "base"
  }
}

Where JP10Y lives today

Flo distributes through partners. The same JP10Y 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 JP10Y 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 JP10Y. 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

JP10Y is issued by Flo Finance and 1:1 backed by real Japan 10-Year JGB held at institutional custodians. Reserves are attested daily and published on the Flo transparency surface.

Open the transparency page →

Risks

JP10Y carries the market risk of the underlying Japan 10-Year JGB, 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.