- TenX Protocols is seeking to expand its institutional-grade validator infrastructure with a new software code from Blade Labs.
- The company will strengthen its validator infrastructure on the Solana and Sui chains.
- The company still has a robust balance sheet, with its shares trading on the TSX Venture Exchange.
TenX Protocols Inc. has announced its first strategic acquisition since listing its stock on the TSX Venture Exchange. The company said it has acquired a proprietary software code and related intellectual property from Blade Labs Corp for about $320,000.
TenX Protocols Strengthens its Validator Infrastructure on SOL and SUI
TenX Protocols’s acquisition of Blade Labs’ code is an effort to help accelerate validator development on the Solana (SOL) and Sui (SUI) networks. The company disclosed that it valued the code at about $320k, whereby half was delivered in cash and the rest in company stock.
Under the acquisition agreement, TenX will provide Blade Labs with validator hosting, monitoring, and technical support services for six months beginning on January 2, 2026. The Blade Labs will pay a monthly fee of about $5,000 CAD for the services, thus mutually benefiting both companies in fueling organic growth,
“Strengthening our validator technology through this acquisition supports our long-term infrastructure roadmap across high-performance networks,” Mat Cybula, Chief Executive Officer of TenX Protocols, said.
The acquisition of a $320k software code is a big step for a young company that recently listed on the TSXV. However, TenX Protocols has maintained a robust balance sheet even before listing on the Canadian stock exchange. As of December 16, 2025, TenX had a total of more than $22 million in a cocktail of digital assets including: 19,699 Solana, 21,748,120 Sei, 129,263 Sui, and 7,244,333 USDC. Most importantly, TenX does not have a debt obligation and still has about $5.6 million in CAD cash at press time.
Why it Matters Now
The strategic acquisition of the proprietary software code and its related intellectual property from Blade Labs is important to TenX Protocols as it seeks to grow exponentially. It will help TenX Protocols achieve no downtime in its validator program.
As such, TenX stocks and services will be more competitive among other treasury companies. TenX could seamlessly demonstrate to the market and investors that it can operate validators reliably for itself and others. Ultimately, the acquisition of the new validator infrastructure could boost investors’ confidence and help TenX Protocols achieve a reliable cash flow.