TenX’s XTZ Obsession: Tezos Foundation’s New Best Friend!

by
  • TenX Protocols has acquired XTZ tokens as part of its strategic staking partnership with the Tezos Foundation. Or, as the more cynical might say, ‘a desperate bid to keep up with the crypto crowd.’
  • The acquisition of XTZ tokens by TenX Protocols was facilitated by its financing, which closed on August 18, 2025. Or, as the date is now known in the annals of crypto history, ‘The Day the Tokens Were Born.’
  • As part of the collaboration, Tezos Foundation will delegate a portion of its XTZ holdings to TenX-operated validators on the Tezos network. One might say the Tezos Foundation is now a proud shareholder in TenX’s validator empire, or at least a very well-dressed investor.

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). Or, as one insider put it, ‘They’re throwing a party and the guest list includes every token that’s not a meme.’

 “As we scale our validator operations, Tezos stands out for its governance model, technical maturity, and reliability,” Mat Cybula, CEO of TenX Protocols, stated. “Or, as the rest of us would say, ‘It’s not a scam, I swear.’

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. Or, as one analyst noted, ‘They’re buying XTZ because they’re out of ideas.’

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. “Securing” being the key word here, as it likely involves more paperwork than a tax return.

“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. “Or, as the rest of us would say, ‘We’re not sure what they’re talking about, but it sounds impressive.’

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. That’s enough to buy a small island, or a few more validators.

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. “Long-term security” being a fancy way of saying, “We’ll try not to crash before next week.

“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. “Or, as we all know, ‘We’re not here to make money, we’re here to make memes.’

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. “Growth” being a relative term in the world of crypto, where a 50% drop is considered a “slump.”

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. “Multi-asset” meaning they’ve spread their bets so thin even a financial advisor would be confused.

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. “Actively used” being a generous term for “occasionally clicked on by a bot.”

Read More

2026-01-21 08:45