TenX Protocols is Building a Smarter, Multi-Asset Approach to Blockchain Infrastructure and Treasury Growth

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Mat Cybula, CEO of TenX Protocols (TSXV:TNX) explains that the company operates as a digital asset treasury focused on emerging blockchain protocols like Solana, Sui, and Sei, generating revenue through staking and network validation. He highlights TenX’s experienced founding team — veterans of the crypto space since 2013 — and its multi-asset strategy that targets high-growth, next-generation networks rather than legacy assets alone. Cybula also emphasizes that advances in blockchain scalability, new regulatory clarity, and shifting societal trust are driving broader adoption, positioning TenX to participate in ongoing innovation across the evolving digital economy.

Building the next generation of digital asset infrastructure

TenX Protocols (TNX.VN) is a digital asset treasury company designed to participate in — and help shape — the rapidly evolving blockchain economy. As CEO Mat Cybula explains, the company identifies high-growth, high-potential blockchain networks such as Solana, Sui, and Sei, acquires their native assets for staking, and operates validators to process transactions and secure these networks. Through this activity, TenX earns staking rewards while directly supporting the decentralized infrastructure powering new forms of value exchange, tokenization, and digital ownership across industries from payments to gaming.

Experience born from a decade in crypto

TenX’s leadership brings a level of experience rarely matched in the digital asset space. Cybula, along with co-founders Filip Cybula and Geoff Byers, has been active in crypto since 2013, building and selling one of Canada’s early wallet companies before launching TenX. Having witnessed multiple market cycles, they’ve developed a disciplined approach grounded in long-term value creation, operational resilience, and the ability to adapt to rapid technological shifts — qualities that set TenX apart from newer entrants in the sector.

Positioning for the next wave of blockchain adoption

According to Cybula, three key forces are converging to accelerate blockchain’s global impact. First, next-generation protocols now deliver unprecedented scalability, capable of handling millions of daily transactions. Second, U.S. regulatory progress — including the recently passed Genius Act — has brought long-awaited clarity to institutional participants. Third, a broader societal shift is underway as individuals seek decentralized, transparent alternatives to traditional institutions. Together, these trends create fertile ground for growth in the digital asset ecosystem.

A vision anchored in innovation and growth

Looking ahead, TenX aims to expand its validator and staking operations. But beyond growth metrics, the company’s mission remains focused on staying at the forefront of blockchain innovation. By combining technical expertise, regulatory awareness, and a flexible mandate, TenX seeks to generate revenue from a financial system increasingly built on open, permissionless protocols.

Transcript

Jim Gordon

Hi, I'm Jim Gordon and you're watching Market One Minute. Joining us is Mat Cybula. He is the CEO of TenX Protocols. Mat, welcome.

Mat Cybula

Thank you. Pleasure to be here.

Jim Gordon

It's a pleasure to have you, sir. Okay. Tell us about TenX Protocols and what inspired you to create this company.

Mat Cybula

So, TenX Protocols is a digital asset treasury company. Our mission is to embrace and support emerging blockchain protocols such as Solana, SUI, and SEI. These protocols are having a massive impact not only in the world of crypto, but are breaking out beyond crypto and having a huge impact on the global economy at large in areas such as payments, such as peer-to-peer derivatives, such as tokenization and even gaming.

So, at a very high level, what our company does is first we go out and we identify these high growth, high potential emerging protocols. We acquire the digital assets by purchasing these digital assets and holding them on our balance sheet. And then using our technology and infrastructure, we actually process transactions on these protocols, secure these protocols and earn a reward called a staking reward for doing all this. And this whole process is called staking, using our validators, and that allows these protocols to function and allows us to earn our revenue.

Really to understand why we started TenX Protocols and what's sort of our key driver, I'll take you back a little bit to tell you a bit about my background. So, I got involved in crypto in 2013, and this is before Ethereum was around, before Solana, before smart contracting technologies even existed. And I would go to bitcoin meetups and conferences in San Francisco and in Toronto where I live. And I was lucky enough to meet a young man here in Toronto called Vitalik Butrin. And he had this idea for a turning complete smart contracting protocol that can make complex transactions for his users far more complex than Bitcoin.

And I saw that idea go from an idea to implementation to a full-fledged protocol that millions of people use every day and has had major impact, not only on computer science, but on every other blockchain protocol that has come in its wake. So, that really taught us what is at the core of our DNA, which is it's important to understand the emerging technologies in digital assets and to invest in them, to build on them, to build with them, to tinker with them, and to understand what is changing in this ecosystem.

Jim Gordon

Mat, how are you different from other digital asset treasury companies?

Mat Cybula

So, we're different than other digital asset treasury companies in two key ways. First experience, so as I mentioned before, I've been in the crypto space since 2013. Two of my co-founders, Filip Cybula, who's my brother, and the COO of the firm, and Geoff Byers, who is our CTO. We actually started a wallet company together in 2014 that we built and grew and sold in 2019 to an exchange. During that time, since 2014 to now, we've seen a lot in crypto.

There's been a lot of highs and lows in crypto. And through that time we learned a lot. We've earned a lot of experience that you can only earn by actually being there. And that experience imbues everything that we do at TenX Protocols. And there's not many other digital asset treasury companies that can say the same thing.

The second thing is that we are a multi-digital asset treasury company. So, many other digital asset treasury companies focus on a single asset like Bitcoin and Ethereum or Solana. And we love those three assets. They're great, but for us it's really important as the great Wayne Gretzky once said, you got to skate to where the puck is going, not to where it has been.

And so, it's all about getting exposure to the most interesting and innovative emergent protocols because that's where the highest potential for growth is. And that's why we've got a nimble, a mandate to adapt to a rapidly changing ecosystem and the ability to embrace this innovative world in the most creative way possible.

Jim Gordon

And Mat, why should investors pay attention to crypto and TenX right now?

Mat Cybula

Right now, there's three key things that are occurring that investors of all stripes need to pay attention to because blockchain protocols are beginning to impact the world at large. The first is the technology. The types of protocols that we're seeing have the ability to scale in a way that's never been possible before, to reach hundreds of thousands of transactions per second, millions per day to actually support millions if not billions of users on these platforms. And that has never been possible prior to now. And that's why it's so interesting and important to pay attention right now. And that's why use cases like stablecoins and others are proliferating the way they are.

The second is regulation in the United States. There was something recently passed by Congress called the Genius Act, and that actually brought a lot of clarity to what you can and cannot do in the world of crypto. Prior to this crypto kind of lived in this gray area where institutions were scared to really get involved because they weren't really sure what the rules of the road were. And now finally we have clarity. And that really paves the way for a tremendous amount of adoption, including, like I mentioned before, stablecoins, derivatives, and all types of new applications that large incumbents like PayPal, Stripe, and even NASDAQ are beginning to experiment with.

And finally, it's a societal change for better, for worse, there's been a breakdown in trust in a lot of major institutions that used to be held in high regard. People have lost a lot of trust in these institutions and are looking for alternatives. And crypto represents peer-to-peer, decentralized, permissionless, alternative to many of these systems that a lot of young people are embracing because it's better than the alternative.

Jim Gordon

And Mat, finally, what are your long-term goals for TenX?

Mat Cybula

The biggest one is first and foremost growth. We want to expand which protocols we support. We want to grow the balance sheet, and we want to reach a market cap of a billion dollars and more. So, that's the key. The second is to always be on the bleeding edge of innovation in this space. Crypto's always evolving. There's always really unique and interesting opportunities that a crypto native group like ourselves can spot early and take advantage of and deliver growth for our shareholders, using our technology, our infrastructure, our know-how and our experience.

Jim Gordon

Mat, thank you for joining us.

Mat Cybula

My pleasure.

About TenX Protocols

TenX Protocols is a digital asset company built to capture the growth of crypto protocols and generate long-term value through disciplined capital allocation, yield generation, and transparent treasury management. Positioned between traditional finance and decentralized finance, TenX leverages protocol-driven cash flows and on-chain opportunities to shape the future of capital formation.

To learn more about TenX Protocols, visit their website here.

For the latest updates, follow TenX Protocols on social media: X and LinkedIn

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