22 million ADA from the treasury, spent on copper.
Toto Finance has a treasury withdrawal on the table for a Cardano Strategic Copper Reserve. Roughly 5M USD worth of ADA to buy physical copper, tokenized on chain, held for up to two years.
Why it matters: this is the first big test of whether the Cardano treasury should hold real world assets at all, not just fund builders. Expect DReps to split hard on this one.
Want the pitch from the source? Cardano Governance Hour 12 on Tuesday, Oct 27, with CF governance lead Nicolas Cerny and Toto CEO Steven Gaertner.
Treasury hedge or a bet that belongs elsewhere? DReps, how are you leaning?
https://x.com/Cardano/status/2113306669841072607
Toto Finance has a treasury withdrawal on the table for a Cardano Strategic Copper Reserve. Roughly 5M USD worth of ADA to buy physical copper, tokenized on chain, held for up to two years.
Why it matters: this is the first big test of whether the Cardano treasury should hold real world assets at all, not just fund builders. Expect DReps to split hard on this one.
Want the pitch from the source? Cardano Governance Hour 12 on Tuesday, Oct 27, with CF governance lead Nicolas Cerny and Toto CEO Steven Gaertner.
Treasury hedge or a bet that belongs elsewhere? DReps, how are you leaning?
https://x.com/Cardano/status/2113306669841072607