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

Executive Summary

• TenX Protocols Inc. began trading on the Toronto Stock Exchange Venture (TSX‑V) under ticker “TNX” on December 10, 2025.
• The listing was accompanied by a subscription receipt financing that brings TenX’s 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

• Listing: TenX Protocols Inc. (ticker TNX) commenced trading on TSX‑V on 2025‑12‑10.
• Financing Amount: More than C$33 million raised in 2025 (approximately US$30 million).
• Investors Participating: Borderless Capital, HIVE Blockchain Technologies, Chorus One, DeFi Technologies (parent company).
• Financing Structure: Subscription receipt financing completed as part of the go‑public transaction; specific per‑unit price and warrant terms not disclosed.
• Use of Proceeds (as described): Support TenX’s growth in staking, validator services, and digital‑asset treasury strategies across high‑performance Layer 1 networks (Solana, Sui, Sei).
• Strategic Partnership: Stillman Digital, a wholly owned subsidiary of DeFi Technologies, will provide institutional trade execution and market intelligence to aid TenX’s treasury deployment.
• Management Highlighted: Led by Mat and Filip Cybula (founders of Cryptiv) with CTO Geoff Byers (former CTO of Tetra Trust).

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.