TenX Protocols will begin trading on the TSX Venture Exchange under the ticker TNX.V after completing a financing round equivalent to approximately USD $24M. The listing follows a CAD 33M capital raise that combined conventional subscription receipts with a non‑brokered component accepting digital assets to fund staking operations and token acquisitions.
TenX Protocols closed a financing round of about CAD 33M (roughly USD $24M) using subscription receipts, a Canadian instrument that allows capital to be collected ahead of a qualifying event. The non‑brokered portion of the offering accepted digital assets — specifically Solana (SOL), SEI and USDC tokens — which were valued at prevailing market rates for the financing. Proceeds are earmarked for investments in blockchain infrastructure, with a stated focus on building vertically integrated staking operations and acquiring strategic tokens.
The company framed the TSXV listing as more than a capital exercise: “By listing on the TSX V, TenX marks a major milestone and affirms its position as a leading public blockchain infrastructure company,” the company said in a statement.
Exchange context and market implications
The TSX Venture Exchange is positioned as a public venue for emerging companies and has been incrementally expanding its technology and blockchain footprint. In May 2025 the exchange added seven new issuers, largely from mining, and recorded year‑to‑date financings of approximately $2.58B, a 61.1% increase from the prior year. Initiatives such as the TSXV Passport Listing Process aim to streamline cross‑border access for promising issuers. The company’s choice of the TSXV signals a deliberate appeal to more traditional capital sources while accepting the compliance and reporting obligations that come with a regulated listing.
The listing is intended to broaden TenX Protocols’ investor base beyond private crypto markets to include institutional and retail participants who require the transparency and governance standards of a regulated exchange. Management expects improved liquidity and greater access to capital that can facilitate strategic acquisitions and accelerate buildout of staking infrastructure.
Accepting digital assets in the financing serves both as capital diversification and as a commercial signal of confidence in the tokens the company plans to integrate into its operations. The firm also emphasized that it is a distinct entity from the historical TenX project (PAY), noting the two are unrelated to avoid market confusion.
TenX Protocols’ TSXV debut on 10 de dic. de 2025 marks a transition from private crypto financing to a regulated public market presence, pairing a hybrid cash‑and‑crypto raise with a strategy focused on staking and token holdings.
