TenX Protocols (TNX) to Start Trading on Toronto Venture Exchange After Raising $24M in 2025

TenX Protocols, a blockchain infrastructure company specializing in staking and validator operations, is set to commence trading on the TSX Venture Exchange (TSXV) on December 10, 2025, under the ticker symbol “TNX.” This listing follows the successful completion of subscription receipt financings totaling C$29.9 million ($22 million), contributing to a total capital raise exceeding C$33 million for the year, which also included a C$3.5 million seed round in March. The company intends to utilize the raised proceeds to acquire tokens from high-throughput blockchain networks like Solana, Sui, and Sei, and stake them to secure these networks, while also investing in its proprietary infrastructure products and services. The financing involved private placements priced at C$0.75 per subscription receipt, with some contributions made in digital assets such as SOL, SEI, and USDC. Notable investors included Borderless Capital, BONK Contributors, DeFi Technologies, HIVE Blockchain Technologies, and Chorus One.

(Source：CoinDesk)