Canadian blockchain infrastructure company TenX Protocols, which raised over $33 million CAD this year, is debuting on the TSX Venture Exchange in a shift into public markets. TenX is positioning itself as a publicly traded vehicle for earning and scaling staking-based cash flows across next-generation networks like Solana, Sui, and Sei.
The listing marks one of the clearest signs yet that staking, once an obscure feature known only to protocol engineers, is becoming compelling to traditional investors seeking predictable returns tied to real network activity.
From Speculation to Cash Flow
In a proof-of-stake system, validators secure the network by locking tokens and performing network operations while earning rewards in return. As these networks have grown and onboarded more applications, staking yields have stabilized, driven by transparent economic parameters and measurable network demand.
That reliability is critical. Investors accustomed to corporate dividends, government bonds, or real-estate income see staking as a digital equivalent: an economic engine producing ongoing cash flow.
Yet for most public-market investors, direct exposure has been out of reach. Operating validators requires technical expertise, substantial capital and infrastructure capable of maintaining near-perfect uptime. Buying and staking tokens directly is also not feasible for many institutions governed by strict compliance frameworks.
This gap is precisely where TenX is positioning itself.
A Public Gateway to Staking Economics
TenX’s business model combines three components that institutions have struggled to access on their own: operating validator infrastructure, holding and staking assets at scale, and
providing blockchain infrastructure and advisory services.
By going public, TenX is offering investors an accessible way to participate in the economics of high-throughput blockchains and effectively turning staking revenue into a mainstream investable category.
The company plans to deploy its newly raised capital to purchase tokens from leading networks and put them to work securing those ecosystems. Unlike speculative trading, this model depends on the long-term growth and usage of underlying networks. When transaction volumes increase and applications expand, staking yields can strengthen. When networks become more secure and decentralized, institutional confidence rises.
TenX’s approach also creates a reinforcing loop: more capital staked means stronger network security; stronger networks attract more developers and users; increased activity generates more staking rewards.
Why High-Performance Chains Are Driving the Shift
Public-market enthusiasm for staking is closely tied to the rise of high-throughput blockchains – platforms designed to support consumer-grade applications at scale. Networks like Solana, Sui, and Sei have demonstrated rapid growth in user activity, high transaction throughput, and developer momentum.
These ecosystems rely heavily on robust validator participation. For them, well-capitalized infrastructure operators like TenX are not just investors; they are core contributors to network health. This creates a symbiotic relationship: TenX’s revenue grows as the networks themselves expand.
For investors, this dynamic offers something rare in the digital asset space: exposure to the growth of blockchain ecosystems without needing to buy tokens directly.
Institutional Investors Are Warming Up
A look at TenX’s cap table underscores the trend. Participants in its latest financing include established blockchain companies and institutional investors known for backing infrastructure rather than speculative plays.
This reflects a broader shift: institutions are increasingly seeking the “picks and shovels” opportunities of Web3: the service providers, validators, custodians, and operators generating consistent revenue regardless of market volatility. Staking income fits this profile, offering a form of return tied to core network operations rather than token price speculation.
Public-market access could accelerate this shift further. As more investors grow comfortable with blockchain infrastructure as an income-producing asset class, staking could become as commonplace in portfolios as real estate investment trusts or yield-generating ETFs.
