TenX Protocols Inc. (TSX-V: TNX), a blockchain infrastructure company focused on staking solutions for next-generation networks, announced that it has acquired Tezos (XTZ) tokens as part of a strategic staking partnership with the Tezos Foundation.
The XTZ acquisition supports TenX’s validator operations on the Tezos network and aligns with the company’s broader strategy of active network participation, staking-based revenue generation, and long-term engagement with the blockchain ecosystems where it provides infrastructure.
In line with this strategy, TenX said that as of January 19, 2026, it had acquired about 5.54 million XTZ tokens at an average price of roughly $0.5868 per token.
The purchases were made through a mix of open-market and over-the-counter transactions between January 2 and January 19, 2026, and were funded using cash from the company’s financing round completed on August 18, 2025.
TenX said it chose the Tezos network under its validator-first model, which prioritises deploying staking infrastructure on blockchains that offer high throughput and long-term protocol stability.
“As we scale our validator operations, Tezos stands out for its governance model, technical maturity, and reliability,” said Mat Cybula, CEO of TenX.
As part of the strategic partnership, the Tezos Foundation has indicated that, subject to customary due diligence and internal approvals, it intends to delegate a portion of its XTZ holdings to validators operated by TenX on the Tezos network.
Any such delegation would support TenX’s validator activities and further align the company’s infrastructure operations with the long-term security, decentralization, and sustainability of the Tezos ecosystem.
Arthur Breitman, co-founder of Tezos, said, “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.”
Tezos is known for its self-amending architecture, which allows the network to upgrade through on-chain governance without disruptive hard forks.
To date, Tezos has completed 19 successful upgrades, with recent improvements enhancing institutional functionality, network performance, and staking efficiency.
The network continues to see growing adoption across DeFi, including through its Etherlink EVM-compatibility layer, as well as gaming and digital art, supporting its positioning as a durable, institution-friendly Layer 1 blockchain.
TenX said the XTZ acquisition is driven by two primary objectives.
First, staking XTZ through its own validator infrastructure enables the company to generate recurring revenue, supported by attractive yields and a stable economic framework.
Second, by operating validators, TenX contributes to the security and decentralization of the Tezos network, aligning its infrastructure operations with the protocol’s long-term development and sustainability.
