Blockchain infrastructure company TenX Protocols Inc. has successfully listed its shares on the TSX Venture Exchange under the ticker symbol TNX, marking a significant step for crypto staking services entering regulated public markets. The listing became effective on December 10, 2025.
The company has raised a total of more than CAD $33 million (approximately USD $33 million) across two financing rounds to support its growth strategy. This includes a recent funding round that closed prior to the listing and an earlier seed round in March 2025 that raised $3.5 million. One source specifies the recent raise at $22.9 million.
TenX Protocols operates as a treasury company focused on providing investors with value through staking across multiple blockchain networks. Its business model involves active participation in crypto staking, validator maintenance, and digital asset treasury management. The company plans to use the raised capital to acquire and stake tokens from established, high-performance blockchains, thereby scaling its operations and generating potential returns for shareholders.
"This financing and listing broadens participation in our business and fuels our strategy of staking, yield generation, and infrastructure deployment across emerging blockchain ecosystems," said Mat Cybula, Chief Executive Officer of TenX Protocols.
The company is backed by a consortium of prominent Web3 and institutional investors, led by Chorus One—a firm with over $3.5 billion in Total Value Locked (TVL) from staking. Other notable backers include Borderless Capital, BONK Contributors, DeFi Technologies Inc., and HIVE Digital Technologies Ltd.
"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," noted Frank Holmes, Chairman of HIVE Digital Technologies.
The listing on the TSX Venture Exchange, a major launchpad for early-stage companies in Canada, provides a regulated and transparent investment vehicle for exposure to the crypto infrastructure sector. The exchange reported a daily average traded volume exceeding $70 million earlier in 2025.
TenX cites the ongoing mainstream adoption of digital assets and clearer regulatory frameworks in major jurisdictions as key drivers for its public market move, aiming to fast-track the adoption and maintenance of next-generation proof-of-stake (PoS) blockchains.
