F 420 -dependent enzymes are found in many microorganisms and can catalyze a wide range of redox reactions, including those with some substrates that are otherwise recalcitrant to enzyme-mediated reductions. Unfortunately, the scarceness of the cofactor prevents application of these enzymes in biocatalysis. The best F 420 -producing organism, Mycobacterium smegmatis, only produces 1.4 μmol per liter of culture. Therefore, we synthesized the unnatural cofactor FO-5′phosphate, coined FOP. The FO core-structure was chemically synthesized, and an engineered riboflavin kinase from Corynebacterium ammoniagenes (CaRFK) was then used to phosphorylate the 5′-hydroxyl group. The triple F21H/F85H/A66I CaRFK mutant reached 80% of FO conversion in 12 h. The same enzyme could produce 1 mg (2.5 μmol) of FOP in 50 mL of reaction volume, which translates to a production of 50 μmol/L. The activity toward FOP was tested for an enzyme of each of the three main structural classes of F 420 -dependent oxidoreductases. The sugar-6-phosphate dehydrogenase from Cryptosporangium arvum (FSD-Cryar), the F 420 :NADPH oxidoreductase from Thermobif ida fusca (TfuFNO), and the F 420 -dependent reductases from Mycobacterium hassiacum (FDR-Mha) all showed activity for FOP. Although the activity for FOP was lower than that for F 420 , with slightly lower k cat and higher K m values, the catalytic efficiencies were only 2.0, 12.6, and 22.4 times lower for TfuFNO, FSD-Cryar, and FDR-Mha, respectively. Thus, FOP could be a serious alternative for replacing F 420 and might boost the application of F 420 -dependent enzymes in biocatalysis.