Solutions
Digital Capital Infrastructure for Commodity Producers
For mines, mine developers, refiners and commodity owners who need capital earlier, on better terms, from a wider pool, and who want to keep the connection to the metal they produce.
What does Toto Finance offer commodity producers? Toto Finance enables mining companies with certified reserves, scheduled production or refined supply to bring those assets to a digital market where investors provide capital against future production and industrial buyers secure supply directly. The producer receives capital without diluting shareholders, adding debt or permanently selling future production, gains distribution to a materially larger pool of capital than royalty, streaming and trade-finance channels reach, and settles transactions on-chain in seconds.
Producers Toto Finance works with
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. Producers deliver refined cathode into LME-approved warehouses in the United States, where it backs Copper Now (COPTT); verified reserves entering production back Copper in Future (COPTTR); royalty and streaming agreements back Copper Yield (COPTTY).
Who this is for
- Mines in production with refined cathode or concentrate to place and working capital to finance.
- Mine developers with certified reserves, permits and a production schedule who need pre-production capital.
- Refiners and smelters with cathode in storage or committed output.
- Commodity owners including traders, royalty holders and sovereign entities with rights to physical metal or production.
- Resource companies evaluating digital distribution as a complement to existing offtake and financing relationships.
What producers gain
Earlier access to capital
Conventional lenders engage late, once a project is nearly de-risked. Tokenized structures allow verified reserves and scheduled production to be connected with capital at the point of verification, not the point of completion.
Pre-financing and future production structures
Future production can be represented as tokenized forward claims with defined quantities and delivery dates. Producers raise capital in tranches that match the production schedule and deliver metal, not money, when the claims mature. Structures can accommodate production ramp-ups, seasonal tranches and start-date flexibility, with terms agreed in advance.
Non-dilutive, non-debt, non-permanent
Unlike equity, tokenized future-production financing does not dilute shareholders. Unlike project debt, it does not add covenants and repayment obligations in cash. Unlike streaming and royalties, it does not sell a share of output for the life of the mine at a fixed below-market price. The producer sells defined quantities for defined periods and keeps the rest.
Digital distribution and broader market access
Claims can be held by many eligible investors, industrial buyers and institutions worldwide, each taking the size they want, instead of by one trader or fund. Prices reference exchange benchmarks and are visible.
Settlement infrastructure
Transfers and conversions settle in U.S. dollar stablecoins through Toto Clear in seconds, compared with the 5 to 30 days customary in cross-border commodity transactions. Cash arrives when the contract executes, not when the documents clear.
Provenance and transparent reporting
Each token carries a record of the asset it represents, its verification, its ownership history and its status as metal moves from mine through processing to delivery. Buyers who must document responsible sourcing gain a verifiable chain of custody; producers gain a reporting layer that they control.
How a project moves through Toto Finance
- Introduction. The producer shares the asset, corporate ownership, technical reports and commercial objectives.
- Review. Toto Finance assesses the asset, the production plan, the deliverable quality and the legal position, and proposes a structure.
- Verification. Independent qualified persons, assay laboratories, counsel and auditors verify the resource, ownership, production rights and quality.
- Structuring and documentation. Token terms are defined: what each token represents, quantities, delivery dates, redemption terms, custody, pricing references and eligibility rules.
- Issuance and distribution. Tokens are issued against the verified asset and distributed to eligible investors and buyers.
- Production, tracking and delivery. Status is tracked on-chain through Toto Logistics. On delivery into custody, future-production claims convert into physical tokens; on redemption, tokens are burned.
How Toto Finance works explains each step in more detail.
What Toto Finance asks of producers
Toto Finance issues tokens only against verified assets. Producers should expect to provide current technical reports prepared under a recognized code (NI 43-101, JORC, SAMREC or equivalent), evidence of title and permits, a production schedule, assay and specification data for the deliverable, and details of existing offtake, royalty and financing encumbrances. Assets that cannot be verified do not enter the market.
Status
Toto Finance's marketplace has operated since 2023 with more than 45,000 physically backed tokenized assets and executed physical redemptions. The three copper products are under development, and Toto Finance is working with producers on the first Copper in Future and Copper Yield structures. Terms are subject to final legal, custody and market structure.
Toto Finance does not provide investment, legal or tax advice. Financing structures are described in definitive documentation for each project. See risk disclosures.