TenX Protocols Goes Public After $33 CAD Raise, Aims to Accelerate Staking Infrastructure for Sol...

TenX Protocols, a blockchain infrastructure startup building the backbone for next-generation chains, has announced its listing on the TSX Venture Exchange (TSX-V), the Toronto-based stock exchange, under the ticker TNX. This year TenX raised more than $33 million CAD across two distinct financings. The listing also follows a major $29.9 million CAD subscription receipt round, which was completed as part of the go-public transaction and priced at $0.75 per receipt. The raise included both cash and contributions of digital assets such as SOL, SEI, and USDC.

TenX has formally affirmed that it plans to put this capital to acquire and stake tokens from high-throughput chains and to scale its offerings of infrastructure services to keep up with the growing demand for next-generation networks.

A Public-Market Bet on High-Performance Blockchains

At its core, TenX is a gateway for traditional investors to access the growth of emerging Layer-1 ecosystems such as Solana, Sui, and Sei. Through staking, validator operations, digital-asset treasury strategies, and infrastructure services, the company gives public-market participants exposure to the economics of Web3 without requiring them to directly manage crypto assets.

TenX CEO Mat Cybula said that the listing of the company’s shares on the TSX-V represents a major step forward for the team. He added that the move provided an effective way for the general public to participate in the company’s revolutionary mission. He also noted that the fundraising momentum allows TenX to aggressively scale its staking, yield-generation, and infrastructure initiatives across rapidly maturing blockchain networks.

A Public-Market Bet on High-Performance Blockchains

At its core, TenX is a gateway for traditional investors to access the growth of emerging Layer-1 ecosystems such as Solana, Sui, and Sei. Through staking, validator operations, digital-asset treasury strategies, and infrastructure services, the company gives public-market participants exposure to the economics of Web3 without requiring them to directly manage crypto assets.

TenX CEO Mat Cybula said that the listing of the company’s shares on the TSX-V represents a major step forward for the team. He added that the move provided an effective way for the general public to participate in the company’s revolutionary mission. He also noted that the fundraising momentum allows TenX to aggressively scale its staking, yield-generation, and infrastructure initiatives across rapidly maturing blockchain networks.

Mat Cybula – CEO, TenX Protocols

The financing attracted support from a roster of major names in digital assets, including Borderless Capital, BONK Contributors, DeFi Technologies, HIVE Blockchain Technologies, and Chorus One, underscoring the industry’s confidence in TenX’s role as institutional-grade infrastructure.

Frank Holmes, Chairman of HIVE Blockchain, emphasized why backing TenX aligns with his firm’s vision. He described TenX as an emerging player capable of scaling quickly in the way HIVE once did as the first publicly listed crypto infrastructure company. Supporting TenX, he noted, is essentially supporting the next wave of fintech and blockchain infrastructure.

TenX’s go-public debut is supported by a founding team with deep operational history in blockchain engineering and custody. Mat and Filip Cybula, both long-time entrepreneurs in the crypto industry, previously co-founded Cryptiv, an institutional wallet provider acquired in 2019. Geoff Byers, TenX’s lead technologist, brings more than a decade of experience building secure crypto systems, having served as CTO of both Cryptiv and Tetra Trust, Canada’s first qualified crypto custodian.

This combination of staking expertise, infrastructure engineering, and institutional custody experience forms the foundation of TenX’s business model: recurring revenue from staking, a growing portfolio of yield-generating digital assets, and high-performance infrastructure solutions for blockchain networks and partners.

The listing comes at a moment when high-throughput chains, especially Solana and Sui, are seeing rapid adoption across DeFi, consumer applications, and enterprise pilots. TenX plans to expand its validator operations and inventory of staked assets as demand for blockspace and yields across these networks grows.

By combining public-market accessibility with institutional-grade blockchain infrastructure, TenX is aiming to become one of the most visible, regulated, and scalable operators powering the next era of Web3.

With the TNX ticker now live, the company says a broader rollout of new infrastructure, expanded staking positions, and additional network partnerships will follow in the months ahead.

This article is not intended as financial advice. Educational purposes only.