Toto Finance seeks 22M ADA from Cardano treasury for copper bet

Toto Finance wants 22 million ADA — roughly $5 million — from Cardano's treasury to buy tokenized copper, putting a commodities trade in front of the network's governance voters. The metal would have to trade well above its all-time high for ADA holders to get their money back, per CoinDesk.

• The request would draw down Cardano's community-controlled treasury, which funds ecosystem development and proposals.
• No governance timeline, copper token issuer or pricing details were disclosed.