On-chain governance action (Treasury Withdrawals).
Tokenization of real-world assets (RWAs) offers Cardano an opportunity to connect blockchain infrastructure with the physical economy. The Cardano Strategic Copper Reserve requests a one-time ₳22,000,000 Treasury Withdrawal to Toto Finance Inc., U.S.-based recipient and accountable administrator, to acquire independently verified COMEX Grade 1 copper cathodes in a COMEX-approved U.S. warehouse and tokenize the metal as CuTT. One CuTT economically represents one verified pound of eligible physical copper; the Treasury-financed active token representation will be held on Cardano under documented reserve protections. The initiative aims to deliver auditable physical backing, transparent reserve and token-supply reporting, cross-chain tokenization infrastructure, and a practical Cardano RWA reference model. The program targets an 18–24-month hold, followed by controlled copper liquidation and return of 100% of realized net physical-sale proceeds plus unused or unearned budgets to Cardano Treasury by month 36. Of the ₳22M, ₳14,724,409 (66.93%) is allocated to copper; ₳2,640,000 (12%) to milestone-accepted Toto Finance technology/project management; ₳3,533,859 to external operations/assurance; ₳441,732 to execution; and ₳660,000 to independent administration. A qualified independent oversight provider is to be appointed; a U.S. PwC member firm is preferred but not engaged. Toto Finance reports ₳0 prior Cardano Treasury funding in 24 months. The receiving mainnet reward address is stake1uxmfznssgltfuakxlluxdecmu9wwd48kw0pz0qhugaxyjyguc0tax. No original ADA principal, copper appreciation, token adoption or profit is guaranteed; legal, custody, audit and security controls are required before the relevant deployment.
- Proposer return address:
stake1u9k6r5wssw9hzzx7yrqzk8fw0yemrduvl3seu55vrnm2tug89rpdm - Deposit: 100,000 ₳
- Submitted: epoch 661
- Expires: epoch 668