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Financings

TenX Protocols, a DeFi Technologies Advisory Client and Venture Investment, Debuts on TSX Venture Exchange as "TNX" Following Successful $30 Million Financing

By The Northwire Desk — AI Analysis Dec 10, 2025 · 16:15 TNX · 0.6 TRX GOLD CORPORATION J
TNX · Price

Executive Summary

  • TenX Protocols Inc. (“TenX”) commenced trading on the TSX Venture Exchange under ticker “TNX” on December 10, 2025.
  • The listing was accompanied by a subscription‑receipt financing that brings total capital raised in 2025 to over C$33 million (≈ US $30 million).
  • Institutional investors including Borderless Capital, HIVE Blockchain Technologies, Chorus One and DeFi Technologies participated; Stillman Digital will provide trade execution and market‑intelligence services for TenX’s staking, validator and treasury operations.

Key Details

  • TSX‑V Listing: TenX began trading on the TSX Venture Exchange (ticker TNX) on 2025‑12‑10.
  • Financing Amount: Total capital raised in 2025 exceeds C$33 million (≈ US $30 million).
  • Financing Structure: Subscription receipt financing completed as part of TenX’s go‑public transaction.
  • Investors Participating: Borderless Capital, HIVE Blockchain Technologies, Chorus One, DeFi Technologies (parent/advisor).
  • Use of Proceeds (implied): Support growth of staking, validator services and digital‑asset treasury strategies across Layer 1 networks (Solana, Sui, Sei).
  • Strategic Partnership: Stillman Digital, a wholly‑owned subsidiary of DeFi Technologies, will provide institutional trade execution, market intelligence and support for TenX’s treasury deployment.
  • Management Team Highlighted: Mat and Filip Cybula (founders), CTO Geoff Byers – noted for prior exits and blockchain engineering experience.

Notable Quotes

“TenX is led by a proven team and is emerging as a leader in blockchain infrastructure. Their TSXV listing is a significant step in their growth,” — Andrew Forson, President, DeFi Technologies.

Read the original news release →

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