Business
TenX Protocols Goes Public to Turbocharge Growth of Next-Generation Blockchains
Company Commences Trading on TSXV as "TNX" After Raising Over $33 Million Across Two Financings ...
About this update from Tenx Protocols Inc
[{"type":"text","content":"TenX Protocols Goes Public to Turbocharge Growth of Next-Generation BlockchainsCompany Commences Trading on TSXV as \"TNX\" After Raising Over $33 Million Across Two FinancingsToronto, Ontario--(Newsfile Corp. - December 10, 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 its common shares will begin trading on the TSX Venture Exchange (\"TSX-V\") under the ticker symbol TNX, effective today December 10, 2025.This follows the successful closing of $29.9 million CAD in subscription receipt financings completed in connection with TenX's go-public transaction, bringing total capital raised in 2025 to over $33 million (inclusive of a $3.5 million CAD seed round completed in March). TenX will deploy the proceeds of the offering to directly purchase tokens of high-throughput blockchain networks for the purpose of securing those networks through staking, and invest in the company's suite of blockchain infrastructure solutions for its growing roster of customers and users.The two financings were supported by a strong roster of world-leading digital asset companies and institutional investors, including Borderless Capital, BONK Contributors, DeFi Technologies Inc., HIVE Blockchain Technologies Ltd., and Chorus One, among others.The go-public financing was comprised of brokered and non-brokered private placements of subscription receipts, completed at a price of $0.75 per receipt for total aggregate proceeds of $29.9 million CAD, inclusive of in-kind proceeds contributed through digital assets, including SOL, SEI, and USDC.\"By listing on the TSX-V, TenX marks a major milestone and affirms its position as a leading public blockchain infrastructure company,\" said Mat Cybula, Chief Executive Officer of TenX Protocols. \"This financing and listing broadens participation in our business and fuels our strategy of staking, yield generation, and infrastructure deployment across emerging blockchain ecosystems.\"\"HIVE was the first public crypto infrastructure company, and we see ourselves as the first of many. With this investment in TenX we are backing an experienced team that shares our vision, can scale rapidly, and will build new spokes in the global fintech and crypto ecosystem,\"...