Toto Finance has been selected to join the Creative Destruction Lab (CDL) Web3 stream. CDL is a global program for seed-stage, science-based companies founded at the Rotman School of Management, University of Toronto; companies that have participated in CDL have generated more than CAD 51 billion in equity value. The Web3 stream is an 11-month program at HEC Montréal focused on companies building blockchain applications and decentralized infrastructure. From more than 400 startup applications, fewer than ten ventures were selected. Toto Finance was selected following CDL's application, interview and selection committee process.
About the program
CDL operates on a model in which heavily vetted startups receive objectives-based, milestone-driven advice from accomplished entrepreneurs, investors and scientists. The Web3 stream runs from late July to mid June and combines an intensive one-week crypto-economics and business bootcamp with a mentorship program of objective-setting sessions, concluding in an international networking Super Session for graduating ventures.
CDL's mentor network for the Web3 stream includes Paul Desmarais III (Chairman and CEO of Sagard Holdings), Ethan Buchman (co-founder of Cosmos and CEO of Cycles Protocol) and Scott Stornetta (CEO of SureMark Digital Identity Services and co-inventor of the blockchain time-stamping method). Previous companies from CDL's blockchain programs include Maple Finance, Covalent and Merkle Science.
What it means for Toto Finance
Over the next year, Toto Finance will work with experienced founders, technologists and investors as it continues building the mine-to-market platform for tokenized commodities: Copper Now (COPTT), Copper in Future (COPTTR) and Copper Yield (COPTTY), the Toto Finance portal and the compliance, settlement and custody infrastructure behind them. The program's objectives-based format fits a company whose roadmap is defined by milestones: verified reserves on the platform, cathode in the US warehouse, first institutional buyers.
CDL's mission is to enhance the commercialization of science for the betterment of humankind. Toto Finance's thesis is that the physical economy, starting with copper, is ready for its digital market layer. The two fit well, and we are grateful to the CDL team and selection committee for the confidence.