Cardano Treasury Proposal Seeks 22 Million ADA for Tokenized Copper

Toto Finance Inc. has submitted a proposal to the Cardano governance body to withdraw 22 million ADA from the network treasury to establish a physical copper reserve. The initiative aims to tokenize physical copper, with each CuTT token representing one verified pound of the metal. The plan involves minting tokens on Ethereum and bridging them to the Cardano blockchain to facilitate the asset-backed structure. Financial projections suggest a break-even price of $10.06 per pound, assuming a purchase price of $6.73 and stable ADA valuation. The proposal allocates approximately 67% of the requested funds directly to copper procurement, with the remainder covering operational and administrative costs. Governance ratification requires a 67% approval threshold from both delegated representatives and the Constitutional Committee by November 15. This move represents a significant attempt to integrate physical commodities into the Cardano ecosystem, though it remains subject to future security reviews and the appointment of independent oversight.