TenX Protocols Lists on TSX‑V to Fuel Institutional Staking of Solana, Sei and Other High‑Throughput Chains
TenX Protocols Inc. began trading on the TSX Venture Exchange (TNX) on December 10, 2025, after closing over CAD 33 million in financings across rounds including a CAD 3.5 million seed round in March 2025. Institutional backers include Chorus One, HIVE Digital Technologies, Borderless Capital, BONK Contributors and DeFi Technologies. Proceeds will be used to purchase tokens of high‑throughput proof‑of‑stake networks — specifically Solana (SOL), Sei (SEI) and related assets including USDC exposure — and to stake them, operate validators and expand treasury‑management and infrastructure services. Some subscription receipts were acquired with digital assets (SOL, SEI, USDC) at C$0.75 per receipt. Management says the listing and fresh capital will accelerate staking yield generation and infrastructure deployment amid growing institutional interest and clearer regulatory frameworks. TenX positions TNX as a public vehicle for diversified staking exposure across multiple chains, offering traders a listed proxy to proof‑of‑stake yield and validator economics.
Bullish
The news is likely bullish for the specific cryptocurrencies mentioned — primarily SOL and SEI — for several reasons. TenX’s listed vehicle and CAD 33M+ war chest create a predictable, growing buyer of on‑chain tokens that will be staked, reducing circulating supply and increasing staking demand. Institutional investors and named backers lend credibility and may attract further capital to these chains. The use of funds to operate validators and generate staking yield also highlights predictable yield demand, which can support token price discovery. Short‑term impact: positive price pressure around token purchases and staking events, and heightened trading interest on news and listing days. Volatility may rise as markets price in token buyups and any token lockups or unstaking schedules. Long‑term impact: sustained demand if TenX continuously accumulates and stakes tokens, improving staking economics and on‑chain security, which can underpin higher valuations. Risks that could mute the bullish effect include broader crypto market downturns, network incidents (e.g., outages on high‑throughput chains), or regulatory setbacks that limit token inflows or affect TSX‑listed crypto vehicles.