Cardano Strategic Copper Reserve | ₳22M RWA Tokenization
Treasury withdrawal: Pays ADA out of the Cardano treasury.
- Status
- Active: Open for voting.
- Proposed
- 15 Oct 2026, in epoch 661
- Voting closes
- At the end of epoch 668, 20 Nov 2026
- Amount
- ₳22,000,000
- Action ID
- gov_action1dmwlfuwm45r0x2d2d96r2kwyjv9hk6ylzmq8xpsay2xecesn6xwqqdlv55z
Votes
- DReps: 0.2% yes, 67% needed, threshold not reached, 2 Yes · 12 No · 0 Abstain.
- Stake pools: do not vote on this action.
- Constitutional Committee: no votes counted yet.
Abstract
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.