SCHD

ETFsLive

Tokenized Schwab US Dividend Equity

Tokenized Schwab US Dividend Equity, fund-style exposure delivered as a single wrapped token.

See SCHD on /markets →Underlying ticker: SCHD

Key facts

Wrapped symbol
SCHD
Underlying
SCHD
Asset class
ETFs
Custodian
Interactive Brokers
Chains
Base, Arbitrum, Ethereum
Distribution treatment
Total return, accrued to NAV
Attestation cadence
Daily
Issuer
Flo Global Markets Ltd. (BVI)
Asset SPC
Flo Capital SPC (Cayman)
Prospectus
FMA-approved Liechtenstein base prospectus

How SCHD resolves to SCHD

Each SCHD on-chain represents a unit claim on the underlying Schwab US Dividend Equity held in a segregated brokerage account. The issuer, custodian, and prospectus are the same for every Flo token; only the underlying differs.

  1. 01

    Issuance

    Flo Global Markets Ltd. (BVI) issues SCHD under the FMA-approved Liechtenstein base prospectus, EEA-passported across 30 states.

  2. 02

    Custody

    The underlying Schwab US Dividend Equity is held by Flo Capital SPC (Cayman) in a segregated brokerage account at Interactive Brokers, an SEC-registered broker-dealer.

  3. 03

    Settlement

    SCHD 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 SCHD with one SDK call

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

POST /v1/mint

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

Where SCHD lives today

Flo distributes through partners. The same SCHD 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 SCHD 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 SCHD. The same contracts power every Flo-issued token; one audit covers the catalogue.

Read the audit reports →

Prospectus

FMA-approved Liechtenstein base prospectus

SCHD is issued under a base prospectus approved by the Liechtenstein Financial Market Authority and passportable across all 30 EEA states.

Open the prospectus →

Risks

SCHD carries the market risk of the underlying Schwab US Dividend Equity, plus the structural risks common to every issuer-wrapped token: custody concentration, smart-contract risk, oracle dependency, and prospectus jurisdiction. Read the full risk section in the base prospectus before integrating or holding.