Toto Finance is requesting 22 million ADA, worth about $5 million, from Cardano’s community treasury to purchase COMEX Grade 1 physical copper and tokenize it. According to the company’s assumptions, copper prices would need to rise by roughly 49.4% for the treasury to recover its investment after development, custody, insurance, and independent oversight costs. The tokens, traded under the CuTT ticker and representing one pound of copper each, would be sold after 18 to 24 months, while net sale proceeds and unused funds would be returned within 36 months. The vote, scheduled from epoch 661 to epoch 668 and expected to close around November 15, 2026, would use more than half of the remaining 42.6 million ADA withdrawal allowance, making the proposal a major allocation decision for the Cardano ecosystem.
Source: Read the original article
