The compliance pack, in public.

The issuance vehicle is a separate, bankruptcy-remote Cayman SPV with an independent director and a trust-like shareholding arrangement. Flo Finance has no ownership interest in the SPV, it provides services under an arm's-length agreement. Any outcome at the operating company is contained there. Note holders retain their direct entitlement from the SPV, and the underlying remains segregated at the broker-dealer under SEC Rule 15c3-3.

No. Flo tokens are transferable securities under MiFID II, issued as Swiss-law structured notes and documented under the EU Prospectus Regulation via the FMA-approved Liechtenstein base prospectus. MiCA expressly excludes transferable securities (Article 2(4)(a)), so MiCA's stablecoin and E-Money Token classifications do not apply.

Flo runs a total-return model. Token supply changes only on mint and redeem; every other economic event at the underlying flows through NAV per token. (a) Cash dividends: the SPV's broker receives the dividend net of any applicable issuer-country withholding tax, reinvests the net cash into more of the same underlying, and the resulting higher shares-per-token ratio is reflected in NAV per token. Token supply stays the same; NAV per token rises by the corresponding amount, captured in the next /v1/positions read and the next proof-of-reserves snapshot. Holders receive the dividend value as token-price appreciation, and can convert any portion to cash via the redeem endpoint at any time. (b) Stock splits: token supply stays the same. The SPV's share count adjusts by the split ratio (forward or reverse) and NAV per token reflects the new shares-per-token ratio. Dollar-value backing per token is preserved across the split. (c) Cash M&A: notes redeem at the deal price on closing; proceeds flow through the standard redeem rail. Stock-for-stock M&A: the SPV receives the new issuer's shares and the note continues to track the new entity. Special dividends, scrip dividends, and rights issues follow the same accumulating treatment: proceeds reinvest into the underlying and NAV per token captures the value. Bond coupons and money-market accruals follow the same rule: the SPV reinvests, token supply stays the same, and NAV per token accrues.

Yes. Security tokens governed by Swiss law, issued under a base prospectus approved by the Liechtenstein Financial Markets Authority (FMA) and passportable across the EEA, out of a bankruptcy-remote Cayman SPV. Underlying securities are held at SEC-registered broker-dealers under Rule 15c3-3 segregation. Full document pack available under NDA via compliance@flo.finance.

No. Flo does not serve US persons. The token contracts allowlist non-US wallets only, and integrators are responsible for enforcing the same gating at their own user-onboarding layer. Distribution is to non-US users via integrators in their respective jurisdictions.

Token custody sits with the integrator and their end users; Flo does not custody token-holder wallets. EOA (single-key) wallets are not recoverable: if the private key is lost, the assets at that address are permanently inaccessible. Flo strongly recommends threshold-MPC wallets for any institutional integrator (typical configurations are 5-of-7 or 3-of-5), which let any quorum of remaining key-holders rotate a lost or compromised key without any loss of access. Compatible MPC platforms are widely available; integrators choose the one that fits their team and compliance posture.

No. Tokens transfer permissionlessly on-chain, and the blockchain ledger itself acts as the authoritative record of ownership. There is no separate transfer-agent register parallel to the chain.