Toto Finance Aims to Bring $5B in Copper Onchain as AI Demand Surges

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Toto Finance is developing a tokenized copper marketplace that would directly connect mining companies with investors and industrial buyers. Each CuTT token would represent one pound of COMEX Grade 1 copper cathodes stored in US warehouses, with physical delivery available in standardized 25,000-pound lots. The company is targeting $5 billion in tokenized copper over time and plans to begin with an initial lot of up to 1,000 tonnes before exceeding 100,000 tonnes in the longer term. The International Energy Agency projects a 25% copper supply shortfall by 2035, as demand from AI data centers, power grids and electric vehicles strains existing supply. The CuTT project remains in development and is expected to use independent verification, third-party audits and onchain proof of reserves.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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