Toto Finance Requests 22 Million ADA for Tokenized Copper Reserve Proposal

TL;DR Toto Finance is requesting 22 million ADA, worth approximately $5 million, to purchase physical copper and establish a tokenized reserve on Cardano. The project would require copper prices to rise by approximately 49.4% to recover the initial investment if the entire budget is spent. Voting closes on November 15. The proposal would consume more than half of Cardano’s remaining treasury withdrawal allowance. Toto Finance has requested 22 million ADA, approximately $5 million, from the Cardano treasury to finance a tokenized copper reserve . The proposal involves purchasing physical copper, storing it in approved facilities, and representing the reserves through digital tokens. The project, called the Cardano Strategic Copper Reserve , will remain open for voting until November 15 .

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