TenX Protocols to List on TSX Venture Exchange After Raising Over $33M in 2025

Blockchain staking and validator firm TenX will debut under ticker TNX following financings and seed round, aiming to boost token holdings and infrastructure services.

SOL
USDC
SEI

Summary

TenX Protocols, a blockchain infrastructure company focused on staking and validator operations, will begin trading on the TSX Venture Exchange (TSXV) on December 10, 2025 under ticker TNX. The firm raised C$29.9 million ($22 million) via subscription receipt financings tied to its go-public transaction, plus a C$3.5 million seed round earlier in March. Proceeds will be used for purchasing tokens in high-throughput blockchain networks for staking and for expanding infrastructure products. Investors include Borderless Capital, BONK Contributors, DeFi Technologies, HIVE Blockchain Technologies and Chorus One. Financing was priced at C$0.75 per receipt with portions contributed as digital assets such as SOL, SEI and USDC. TenX offers public-market exposure to staking and validator activities across networks like Solana, Sui and Sei.

Terms & Concepts
  • Staking: Locking cryptocurrency in a network to help secure it and earn rewards.
  • Subscription receipts: A Canadian financing instrument where funds are raised before a transaction closes, with receipts converting to shares once completed.
  • Validator operations: Activities by nodes that verify and validate blockchain transactions to maintain network integrity.