About Toto Finance | Mine-to-Market Tokenization Company

What is Toto Finance? Toto Finance is the mine-to-market platform for tokenized commodities, starting with copper. Toto Finance Inc. is a Delaware corporation that builds digital infrastructure to verify, tokenize, finance, settle and deliver physical commodities. Since 2023 the company has operated a live marketplace for tokenized, physically backed assets, and it is now applying the same infrastructure to copper reserves, future production and refined supply at institutional scale.

Our thesis

Uber became the world's largest mobility network without owning the cars. Airbnb built the world's largest accommodation network without owning the hotels. Toto Finance is building the global commodity network without owning the mines.

Toto Finance is a digital community platform. It connects producers, industrial buyers, investors, warehouses, verifiers and custodians on one ownership and settlement layer, and it earns its place by making the commodities they hold verifiable, transferable and financeable. It does not own mines, warehouses or inventory. The network grows with every producer that brings verified reserves or cathode to the platform and every buyer that sources through it.

What Toto Finance does

Commodity markets record ownership on paper and in private ledgers, move it through long chains of intermediaries and settle it over days or weeks. The capital that new mines need arrives late, from a small set of specialist providers, on bespoke terms. Toto Finance addresses both problems with one digital ownership layer that follows a commodity from the ground to the factory.

Verification. Toto Finance coordinates independent verification of reserves, ownership, production rights and commodity quality before any asset is tokenized.
Tokenization. Verified rights are represented as digital tokens carrying ownership, provenance and transaction history. Tokens are issued only against verified assets.
Financing. Investors provide capital against future production; industrial buyers secure supply directly from producers. See commodity financing.
Settlement. Transfers settle in U.S. dollar stablecoins, on-chain, in seconds.
Delivery. Tokens link to metal in custody and are removed from circulation when the commodity is physically redeemed.

How Toto Finance works explains the process step by step; technology explains the five-layer architecture and the Toto Rails, Toto Clear and Toto Logistics components.

Built for the US market

Toto Finance focuses on the United States market: sourcing copper and other commodities for US companies, directly from mines in the United States and from US producers operating abroad in Africa (the Democratic Republic of the Congo and South Africa), Chile and Argentina. Refined cathode is delivered into LME-approved warehouses in the United States, so US buyers take delivery domestically while every lot stays traceable to its mine of origin. The three product categories, Copper Now, Copper in Future and Copper Yield, are designed around that flow.

Why copper

Copper is the conductor of the electrical age and the commodity where the gap between physical importance and financial infrastructure is widest. Demand from grids, electrification, vehicles and data centers is rising while new mines take close to two decades to build and require hundreds of billions of dollars of capital. Cathode is standardized, assayed and exchange-deliverable, reserves are reported under recognized codes and benchmark prices exist on two global exchanges. Copper is therefore both the most necessary and the most tokenizable industrial commodity. Read more on the copper and critical minerals pages.

What Toto Finance has built

A live marketplace since 2023. More than 45,000 physically backed tokenized assets have been issued to over 5,000 token holders, and physical redemptions have been executed. The marketplace has covered precious metals and certified gemstones.
Audited infrastructure. The Toto token smart contract received an independent security audit by Hacken, completed on January 27, 2025, with findings remediated.
A five-layer architecture spanning asset verification, legal ownership, token issuance, digital settlement and physical delivery, with a demonstrated business-to-business platform.
Three copper products in development: Copper Now (COPTT), Copper in Future (COPTTR) and Copper Yield (COPTTY), applying the mine-to-market model to refined supply, reserves entering production and royalty streams.

Recognition and momentum

Selected for the Cardano Foundation Accelerator.
Selected as technical partner for the Electric Blue and Lava battery energy storage sandbox.
Named one of twelve finalists at the European Blockchain Convention in Barcelona.
Announced a second vault partner in Singapore at TOKEN2049.

Milestones are recorded in the Newsroom.

Company

Toto Finance Inc. was incorporated in Delaware in 2026. Contact details are on the Contact page. Toto Finance trademarks are registered in the European Union, Germany and Liechtenstein, with a United States application underway. The company owns the core software, platform architecture, tokenization workflows, compliance systems and documentation behind its platform, technology that was spun out of a digital asset platform with nearly a decade of operating experience.

Toto Finance operates on a compliance-first basis. It does not hold financial services licenses in its own name, works with licensed partners where a licensed activity is required, and describes the exact relationship for each product. Toto Finance does not provide investment, legal or tax advice.

Principles

Verification before issuance. No asset enters the market until independent parties have confirmed what it is and who owns it.
One token, one claim. Every token represents a defined right to a defined commodity, described in plain language, and is burned when that right is exercised.
Transparency by default. Custody terms, verification reports, reserve attestations and provenance are disclosed per product.
Compliance in the code. Eligibility, sanctions and transfer rules are enforced by the platform, not layered on afterwards.
The physical chain stays intact. Geologists, assayers, refiners, warehouses, custodians and insurers remain essential; what changes is the record and the settlement between them.

Strategic vision

Toto Finance's vision is to become the ownership and settlement layer for the world's physical commodities: the infrastructure through which reserves are financed, production is pre-sold, refined metal is held and traded, and delivery is settled, all on one verifiable digital record.

The path runs in stages. The first is copper: bringing verified copper reserves, future production and refined supply onto the platform with institutional producers, buyers and capital. The second extends the same infrastructure to other critical minerals as verification standards, pricing references and custody arrangements allow. The third connects the platform to the broader financial system, so that tokenized commodity claims serve as collateral, settlement assets and building blocks for financing structures across banks, funds, traders and industrial users.

The founder's view of the direction is simple: blockchain is to commodity trading what email was to the letter. The letter did not disappear; it stopped being the way most communication happened. Physical commodities will not disappear either. The paper that records who owns them will.

People

Toto Finance is led by Steven Gaertner (Chief Executive Officer) and Monty Metzger (Founder and Chairman). Biographies are on the Leadership page.