Blockchain Infrastructure Company TenX Protocols Gets Listed on TSXV, Announces Over $33M CAD in Funding

2025-12-11 05:48:41

Abstract generation in progress

TenX Protocols was recently formed after a reverse merger with Locaste Ventures Inc. (TSXV: ICY.P).
TenX Protocols has raised over CAD 33M led by industry leaders such as Chorus One and Borderless Capital.

After recently acquiring Locaste Ventures in a reverse merger, TenX Protocols Inc. got listed on the TSX Venture Exchange (TSXV) on December 10, 2025. The company will leverage capital markets via its TNX shares and help catalyze institutional-grade growth on high-throughput blockchains.

“By listing on the TSX-V, TenX marks a major milestone and affirms its position as a leading public blockchain infrastructure company,” Mat Cybula, Chief Executive Officer of TenX Protocols, said in a statement.

TenX Protocols Gives Public Investors Exposure to Growth of Next-Gen Chains

TenX Protocols has so far raised more than 33 million Canadian dollars in two funding rounds in 2025. The company has received funding from top-tier web3 projects led by Borderless Capital, BONK Contributors, DeFi Technologies Inc., HIVE Blockchain Technologies Ltd., and Chorus One, among others.

The listing of TNX stock on the TSXV involved a brokered and a non-brokered private placement of subscription receipts. Each private placement was priced at $0.75 per receipt, for a total aggregate proceeds of $29.9 million CAD, and involved in-kind transactions in Solana (SOL), Sei (SEI), and USDC.

The capital has been deployed to purchase crypto coins for high-throughput blockchains. As a digital treasury company, TenX Protocols will help investors earn daily auto-compounded rewards through professional staking. Moreover, the company operates a staking infrastructure of high-throughput blockchain networks to earn a reliable cash flow

“This financing and listing broadens participation in our business and fuels our strategy of staking, yield generation, and infrastructure deployment across emerging blockchain ecosystems,” Cybula added.

At the core of TenX Protocols is the goal to convert high-throughput network activities into sustainable rewards. The strategic investment from Chorus One has helped TenX Protocols become a multi-region deployment validator ecosystem with more than 99% uptime.

TenX offers institutional and retail investors predictable staking rewards, which are auto-compounded to accelerate investors’ growth. The platform reassures investors that it is led by a professional management team including Filip Cybula, who serves as the Chief Operating Officer, Chief Technology Officer Geoff Byers and Martin Bui, Chief Financial Officer and Corporate Secretary.

“With this investment in TenX we are backing an experienced team that shares our vision, can scale rapidly, and will build new spokes in the global fintech and crypto ecosystem,” Frank Holmes, Chairman of HIVE Blockchain Technologies Ltd, noted in the posted press release

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