- TenX Protocols has acquired XTZ tokens as part of its strategic staking partnership with the Tezos Foundation.
- The acquisition of XTZ tokens by TenX Protocols was facilitated by its financing, which closed on August 18, 2025.
- As part of the collaboration, Tezos Foundation will delegate a portion of its XTZ holdings to TenX-operated validators on the Tezos network.
TenX Protocols (TSX-V: TNX) has expanded its validator staking program to Tezos (XTZ). The Canadian blockchain infrastructure company will now offer its shareholders more value through the XTZ token in addition to Solana (SOL), Sui (SUI), Sei (SEI), and Bonk (BONK).
“As we scale our validator operations, Tezos stands out for its governance model, technical maturity, and reliability,” Mat Cybula, CEO of TenX Protocols, stated.
TenX Protocols Leverages Equity Market to Fund XTZ Purchase
Under the leadership of Cybula, who has actively invested in the crypto market before the inception of Ethereum (ETH), TenX Protocols is keen to leverage the equity market. The company announced that the acquisition of XTZ tokens was facilitated using the funds from its private placement that closed on August 18, 2025.
TenX acquired 5,542,935.08 XTZ tokens, with an average cost of approximately US$0.5868 per XTZ token,” as the company stated in a press release – about $3.2 million worth of XTZ. Essentially, TenX Protocols is signaling the significant demand for Tezos by institutional investors.
The acquired XTZ coins will be staked to earn rewards for shareholders. In return, TenX Protocol will assist in securing the Tezos blockchain amid the mainstream adoption of digital assets fueled by institutional investors and clear regulatory frameworks.
“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,” Arthur Breitman, co-founder of Tezos, said.
Tezos Foundation Pledges Support
In a bid to strengthen the collaboration, the Tezos Foundation announced plans to delegate a portion of its XTZ holdings to the validator program under TenX Protocols. According to the Tezos Foundation biannual activity report, it held around $72 million worth of XTZ as of June 30, 2025.
As such, the TenX Protocol shareholders stand to benefit from fees collected through the delegated XTZ from the Tezos Foundation. Both companies have a commitment to long-term security and decentralization of the Tezos blockchain.
“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,” Cybula added.
The acquisition of XTZ by TenX Protocols will have a ripple effect on the company’s stock market and the altcoin’s value. Cybula has stated several times in the recent past that the company is seeing growth to reach and surpass $1 billion in valuation.
Currently, TenX Protocols has a robust balance sheet consisting of SOL, SEI, SUI, BONK, and XTZ. This multi-asset approach will help deliver more value to shareholders of TenX Protocols.
In exchange, the demand for XTZ through TenX Protocols could help boost the altcoin’s value in the future. XTZ coin is actively used through the DeFi ecosystem on the Tezos blockchain and traded across dozens of top-tier crypto exchanges globally.
Source: https://www.livebitcoinnews.com/tenx-protocols-strengthens-collaboration-with-tezos-foundation-via-acquisition-of-xtz-coins-for-treasury-management/
