TenX Protocols to Start Trading on TSX Venture Exchange After Raising $24M in 2025

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email TenX Protocols to Start Trading on TSX Venture Exchange After Raising $24M in 2025 The company said it plans to use the proceeds to buy tokens and stake them across networks including Solana, Sui and Sei. By Will Canny , AI Boost | Edited by Sheldon Reback Dec 10, 2025, 1:00 p.m. TenX Protocols to start trading on TSX Venture Exchange after raising $24M in 2025. (Pixabay, modified by CoinDesk) What to know : TenX to start trading on the TSXV on Dec. 10 under ticker “TNX.” The company said it had raised C$29.9 million ($22 million) for its go-public transaction and more than C$33 million in total in 2025. TenX said the proceeds will go to token purchases for staking and to expand its infrastructure offerings. TenX Protocols, a blockchain infrastructure company focused on staking and validator operations, will start trading on the TSX Venture Exchange (TSXV) on Dec. 10 under the ticker symbol “TNX.” The listing follows the close of subscription receipt financings totaling C$29.9 million ($22 million), which were completed in connection with its go-public transaction, the company said Wednesday. Total capital raised this year exceeds C$33 million, including a C$3.5 million seed round completed in March. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Subscription receipts are a common Canadian financing tool. They allow a company to raise money before a transaction such as an acquisition, reverse takeover or other listing process is completed. Investors put up capital before the event, but don’t receive shares right away; instead, they get subscription receipts that convert into shares once the deal closes. TenX said it plans to use the proceeds to buy tokens of high-throughput blockchain networks and stake them to help secure those networks. It will also invest in its own infrastructure products and services. The financings included brokered and non-brokered private placements priced at C$0.75 per subscription receipt, with part of the proceeds contributed in digital assets including SOL, SEI and USDC, the company said. The firm listed Borderless Capital, BONK Contributors, DeFi Technologies, HIVE Blockchain Technologies and Chorus One as investors. "Canada has always been a pioneer in bridging the crypto world to a broader investor audience through the public markets," said Alex Tapscott, an adviser to TenX Protocols, in emailed comments. TenX said it provides public-market exposure to staking and validator activity across networks including Solana, Sui and Sei, alongside treasury management and related services. Read more: Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures Fundraising Borderless Capital Exclusive Canada Staking AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Superstate Rolls Out Direct Stock Issuance for Public Companies on Ethereum, Solana By Krisztian Sandor , AI Boost | Edited by Cheyenne Ligon 1 min. ago SEC-registered firms can sell shares directly on blockchain rails to investors, raising funds in stablecoins. What to know : Superstate’s new Direct Issuance Program allows public firms to issue tokenized shares on Ethereum and Solana. 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