Business
TenX Protocols Engages Independent Trading Group for Market-Making Services and Provides Corporate Updates
Toronto, Ontario--(Newsfile Corp. - December 31, 2025) - TenX Protocols Inc. (TSXV: TNX) ("TenX" ...
About this update from Tenx Protocols Inc
[{"type":"text","content":"TenX Protocols Engages Independent Trading Group for Market-Making Services and Provides Corporate UpdatesToronto, Ontario--(Newsfile Corp. - December 31, 2025) - TenX Protocols Inc. (TSXV: TNX) (\"TenX\" or the \"Company\"), a blockchain infrastructure company building staking solutions for the next-generation of blockchain networks, is pleased to announce that it has engaged Independent Trading Group (ITG), Inc. (\"ITG\"), an arm's-length party to the Company, to provide market making services with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares (the \"TenX Shares\").Pursuant to the agreement dated December 31, 2025, ITG will engage in trading of the TenX Shares through the facilities of the TSX Venture Exchange (the \"TSXV\"). The agreement has an initial term of one month and automatically renews for subsequent one-month terms, unless either party provides 30 days' written notice prior to the end of a term.The Company will pay ITG a fee of C$6,500 per month plus applicable taxes, payable on the first business day of each month, for as long as the agreement remains in force. ITG will not receive shares or options as compensation, and all capital used for market making will be provided by ITG. The services will be conducted in accordance with TSXV policies and applicable securities laws.ITG is a Toronto-based CIRO dealer-member specializing in market making, liquidity provision, agency execution, and algorithmic trading solutions, leveraging proprietary technology to deliver liquidity and execution services to public issuers and institutional investors.The Company notes that ITG is an arm's-length service provider and may acquire a direct interest in the securities of the Company in the future. There are no performance factors contained in the agreement, and the engagement is subject to acceptance for filing by the TSXV.Advisory Agreement with DeFi Technologies Inc.The Company also announces an update regarding the advisory services agreement (the \"Advisory Agreement\") previously entered into between the Company and DeFi Technologies Inc. (\"DeFi Technologies\") on August 18, 2025 (the \"Effective Date\"). Pursuant to the Advisory Agreement, DeFi Technologies provides corporate and financial advisory services to the Company, including advice relating to corporate st...