TenX Protocols Inc. (TSX-V:TNX), a blockchain infrastructure company focused on building staking solutions for next-generation blockchain networks, has announced the acquisition of tez (XTZ), the native token of the Tezos blockchain. This acquisition is part of a strategic staking partnership with the Tezos Foundation.
The acquisition of XTZ tokens supports TenX’s ongoing validator operations on the Tezos network. It is also a key component of the Company’s broader strategy, which prioritizes active participation, revenue generation through staking, and long-term alignment with the blockchain ecosystems in which TenX operates its infrastructure.
XTZ Acquisition Details
As of January 19, 2026, TenX has acquired approximately 5,542,935.08 XTZ tokens. The average cost per XTZ token was approximately US$0.5868. These purchases were made through a combination of open-market and over-the-counter transactions conducted between January 2 and January 19, 2026. The acquisition of XTZ was funded using cash on hand from the Company’s previously completed financing, which concluded on August 18, 2025.
TenX has chosen the Tezos network to implement its validator-first operating model. This model concentrates on deploying staking infrastructure on networks that offer high throughput and demonstrate long-term protocol stability.
Strategic Alignment with Tezos
As we scale our validator operations, Tezos stands out for its governance model, technical maturity, and reliability.
As part of the strategic partnership between TenX and the Tezos Foundation, the Tezos Foundation has expressed its intention to delegate a portion of its XTZ holdings to TenX-operated validators on the Tezos network. This delegation is contingent upon the completion of customary due diligence and internal approvals. Such delegation would bolster TenX’s validator operations and further align the Company’s infrastructure activities with the long-term health and decentralization of the Tezos ecosystem.
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.
The Tezos network is recognized for its self-amending architecture, which facilitates upgrades through on-chain governance, thereby avoiding disruptive hard forks. The network has successfully implemented 19 upgrades to date. Recent updates have introduced improved functionality for institutions, enhanced network performance, and more streamlined staking operations. The Tezos network continues to gain traction across various sectors, including DeFi (through its Etherlink EVM-compatibility layer), gaming, and digital art, solidifying its position as a durable, institution-friendly Layer 1 protocol.
Dual Objectives for XTZ Acquisition
The acquisition of XTZ is guided by two primary objectives for TenX. The first is revenue generation; by staking XTZ through TenX’s proprietary validators, the company converts crypto assets into reliable income, supported by attractive yields and a stable economic model. The second objective is to contribute directly to the Tezos network’s security and decentralization by operating validators, thereby aligning the Company’s operations with the long-term success of the network.
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.
About TenX
TenX Protocols Inc. is a technology company dedicated to generating recurring revenue from the crypto asset economy. The Company operates institutional-grade staking infrastructure, earns cash flow from its inventory of crypto assets, and provides infrastructure, advisory, and development services across high-throughput blockchain networks. Through proprietary staking, hosted solutions, and strategic protocol partnerships, TenX offers public market investors exposure to the growth of next-generation blockchains and the broader Web3 ecosystem.
For more information about TenX, visit www.tenx.inc.
About Tezos
Tezos is an open-source and energy-efficient blockchain platform designed to empower institutions, developers, and businesses, facilitating value transfer in a digital environment. It is engineered for the scalable deployment of decentralized applications. As one of the pioneering Proof of Stake blockchains, Tezos benefits from global support and is valued for its robust governance, long-term upgradability, and advanced smart contract capabilities. For further information about Tezos, please visit http://www.tezos.com.
Forward-Looking Statements
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Contact
Head of Communications
Jennifer Karkula
info@tenx.inc