TenX Protocols Goes Public to Turbocharge Growth of Next-Generation Blockchains

Executive Summary

• TenX Protocols Inc. commenced trading on the TSX Venture Exchange under ticker TNX as of December 10, 2025.
• The company closed a $29.9 million CAD subscription‑receipt financing (brokered and non‑brokered private placements) at $0.75 per receipt, bringing total 2025 capital raised to over $33 million CAD.
• Proceeds will be used to purchase high‑throughput blockchain tokens for staking, expand infrastructure solutions, and support growth initiatives.

Key Details

• Listing: Common shares now trade on TSX‑V (ticker TNX) effective 10 Dec 2025.
• Financing Structure:
• Brokered & non‑brokered private placements of subscription receipts.
• Price: $0.75 CAD per receipt.
• Gross proceeds: $29.9 million CAD, inclusive of in‑kind digital asset contributions (SOL, SEI, USDC).
• Total Capital Raised in 2025: Over $33 million CAD (includes a $3.5 million CAD seed round completed March 2025).
• Investors: Participation from Borderless Capital, BONK Contributors, DeFi Technologies Inc., HIVE Blockchain Technologies Ltd., Chorus One, among others.
• Use of Proceeds:
• Direct purchase of tokens on high‑throughput blockchains (e.g., Solana, Sui, Sei) for staking and network security.
• Investment in TenX’s blockchain infrastructure suite and related services for customers and users.
• Management Comments:
• CEO Mat Cybula highlighted the listing as a “major milestone” that broadens participation and fuels staking, yield generation, and infrastructure deployment.
• Frank Holmes, Chairman of HIVE Blockchain Technologies Ltd., affirmed confidence in TenX’s team and vision.

Notable Quotes

• “By listing on the TSX‑V, TenX marks a major milestone and affirms its position as a leading public blockchain infrastructure company,” – Mat Cybula, CEO, TenX Protocols.
• “HIVE was the first public crypto infrastructure company… we see ourselves as the first of many… backing an experienced team that can scale rapidly,” – Frank Holmes, Chairman, HIVE Blockchain Technologies Ltd.