VWO

ETFsLive

Tokenized Vanguard Emerging Markets

Tokenized Vanguard Emerging Markets, fund-style exposure delivered as a single on-chain asset.

See VWO on /markets →Underlying ticker: VWO

Key facts

On-chain symbol
VWO
Underlying
VWO
Asset class
ETFs
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 VWO resolves to VWO

Each VWO on-chain represents a 1:1 claim on the underlying Vanguard Emerging Markets 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 VWO as a tokenized Vanguard Emerging Markets, 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying Vanguard Emerging Markets is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    VWO 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 VWO with one SDK call

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

POST /v1/mint

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

Where VWO lives today

Flo distributes through partners. The same VWO 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 VWO 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 VWO. 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

VWO is issued by Flo Finance and 1:1 backed by real Vanguard Emerging Markets held at institutional custodians. Reserves are attested daily and published on the Flo transparency surface.

Open the transparency page →

Risks

VWO carries the market risk of the underlying Vanguard Emerging Markets, 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.