Northwire Canada EditionMonday, October 19, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4164.00 −0.4% SILVER 57.38 +0.1% COPPER 6.59 +0.3% OIL 98.35 −0.7% PALLADIUM 1122.75 −0.5% ZNX 0.285 −1.7% HHH 4.01 −3.1% SRL 0.335 −1.5% WGX 4.84 −1.4% WCU 0.130 +8.3% SAGE 0.105 −4.5% BHS 0.060 +20.0% BARU 0.055 +22.2% REC 0.050 +0.0% NICN 0.120 +4.3% TRX 1.48 −2.3% VLC 0.220 +4.8% TIGR 0.640 +3.2% TUO 1.38 −3.5% SVG 0.125 +0.0% VCU 1.01 −1.0% GOLD 4164.00 −0.4% SILVER 57.38 +0.1% COPPER 6.59 +0.3% OIL 98.35 −0.7% PALLADIUM 1122.75 −0.5% ZNX 0.285 −1.7% HHH 4.01 −3.1% SRL 0.335 −1.5% WGX 4.84 −1.4% WCU 0.130 +8.3% SAGE 0.105 −4.5% BHS 0.060 +20.0% BARU 0.055 +22.2% REC 0.050 +0.0% NICN 0.120 +4.3% TRX 1.48 −2.3% VLC 0.220 +4.8% TIGR 0.640 +3.2% TUO 1.38 −3.5% SVG 0.125 +0.0% VCU 1.01 −1.0%
M&A / Property

TenX Protocols Adds Tez (XTZ) as Part of Strategic Partnership with the Tezos Foundation

By The Northwire Desk — AI Analysis Jan 20, 2026 · 07:31 TNX · 0.285 TenX Protocols Inc.
TNX · Price

Executive Summary

  • TenX Protocols Inc. acquired approximately 5,542,935 XTZ tokens at an average cost of US$0.5868 per token to support its validator operations on the Tezos network.
  • The acquisition was funded with cash from a financing round closed on August 18 2025 and is part of a broader strategy to generate recurring revenue through staking.
  • The Tezos Foundation indicated its intention to delegate a portion of its XTZ holdings to TenX‑operated validators, further aligning the partnership.

Key Details

  • Acquisition volume: ~5,542,935.08 XTZ tokens.
  • Average purchase price: US$0.5868 per XTZ token.
  • Purchase period: January 2 – January 19 2026 (open‑market and OTC transactions).
  • Funding source: Cash on hand from the financing closed August 18 2025.
  • Strategic purpose:
  • Enable TenX to run validators on Tezos, generating staking revenue.
  • Contribute to network security and decentralization.
  • Tezos Foundation delegation intent: Subject to due diligence and internal approvals, the foundation may delegate a portion of its XTZ holdings to TenX validators.
  • CEO comment: “As we scale our validator operations, Tezos stands out for its governance model, technical maturity, and reliability.” – Mat Cybula, CEO, TenX.

Notable Quotes

  • Mat Cybula, CEO of TenX: “This is a long‑term value decision, not a short‑term trade… Tezos is built for sustainability and upgradability, and we want TenX to be aligned with ecosystems that reflect that.”
  • Arthur Breitman, co‑founder of Tezos: “TenX sees what others have missed: Tezos combines battle‑tested governance with the scaling and performance the industry has been chasing. Validators who think long‑term are a natural fit.”
Read the original news release →

More from TenX Protocols Inc.

Jun 03, 2026 · 07:01

TenX Protocols Expands to Frankfurt as Validator Revenue Remains Nascent Amid Crypto Volatility

Regulatory Apr 24, 2026 · 16:31

TenX Protocols Enhances Transparency with Treasury Dashboard Amidst Validator Expansion and Strategic DeFi Partnerships

Production / Operations Mar 31, 2026 · 17:35

Tenx receives 7.8M XTZ delegation to support validator

M&A / Property Mar 31, 2026 · 07:31

TenX Secures Tezos Delegation as Validator Strategy Faces Liquidity and Execution Tests

Production / Operations Feb 18, 2026 · 18:20

Tenx to delegate 10,000 Solana tokens to Bonk validator

M&A / Property Feb 18, 2026 · 07:31

TenX Acquires Additional Solana (SOL) and Delegates to BONK Validator to Support Ecosystem Growth

Production / Operations