M&A / Property
TenX Protocols Provides Update on Blade Labs Acquisition IP to Accelerate Validator Expansion While Maintaining a Strong Balance Sheet to Fund Future Growth

TNX · Price
Executive Summary
- TenX Protocols Inc. completed the acquisition of proprietary blockchain validator software and IP from Blade Labs Corp. for a total consideration of $320,000 (cash and shares).
- The deal includes a six‑month services agreement under which Blade Labs will pay TenX CAD 5,000 per month for validator hosting, monitoring and technical support.
- As of December 16, 2025 TenX reported digital asset holdings of 19,699 SOL, 21,748,120 SEI, 129,263 SUI and 7,244,333 USDC, plus approximately CAD 5.6 million in cash and no debt.
Key Details
- Acquisition consideration: $160,000 cash + 213,333 TenX common shares at $0.75 per share (total $320,000).
- Closing date: July 8, 2025 (disclosed in filing statement dated November 25, 2025).
- Purpose of acquisition: Accelerate validator development on Solana (SOL) and Sui (SUI) networks; includes monitoring, performance optimization, and network‑integration software.
- Services agreement: Six‑month term starting January 2, 2025; Blade Labs will pay TenX a fixed monthly fee of CAD 5,000 for validator hosting, monitoring, and technical support.
- Digital asset holdings (as of Dec 16, 2025):
- 19,699 SOL
- 21,748,120 SEI
- 129,263 SUI
- 7,244,333 USDC
- Cash balance: Approximately CAD 5.6 million available for operations and infrastructure development.
- Debt position: No debt obligations as of Dec 16, 2025.
- Management comment: “Strengthening our validator technology through this acquisition supports our long‑term infrastructure roadmap across high‑performance networks,” – Mat Cybula, CEO.
Notable Quotes
- “Strengthening our validator technology through this acquisition supports our long‑term infrastructure roadmap across high‑performance networks,” – Mat Cybula, Chief Executive Officer, TenX Protocols.
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