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Toto Finance seeks $5M from Cardano treasury to buy copper and tokenize it, risking treasury funds on commodity price rise.

Market News
23 Oct 2026
Altcoin Buzz
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Neutral
Toto Finance seeks $5M from Cardano treasury to buy copper and tokenize it, risking treasury funds on commodity price rise.

Toto Finance has proposed that Cardano's treasury provide 22 million ADA (about $5 million) to buy physical copper stored in a US warehouse, which would then be tokenized on Cardano as CuTT. The project requires copper prices to rise nearly 50% for the treasury to break even, with no guaranteed returns. Toto Finance would hold the copper legally, and the treasury relies on the company's promise to return proceeds within 36 months. The proposal is under community discussion before an on-chain vote by Cardano governance participants.

Toto Finance's Cardano treasury proposal is context for readers. As of Oct 23, 2026 13:41 WIB, 22 of 50 major cryptocurrencies rose and 27 fell on Pluang. Filecoin (FIL) traded at Rp17.713 with a 3.00% drop and 76% buy order activity. Enjin Coin (ENJ) was Rp483, down 2.85%, with 90% sell orders. PancakeSwap (CAKE) fell 2.83% to Rp38.591, with 55% sell orders.

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