TenX Protocols and the Tezos Foundation have entered into a strategic staking partnership, purchasing approximately 5.5 million XTZ tokens.

Publicly listed blockchain infrastructure company TenX Protocols announced a strategic staking partnership with the Tezos Foundation, purchasing approximately 5.5 million XTZ tokens at a total cost of about $3.25 million. TenX will stake Tezos through its own validator nodes to generate recurring income. As part of the partnership, the Tezos Foundation plans to delegate a portion of its XTZ to validator nodes operated by TenX after completing due diligence and internal approvals. However, this does not involve any governance arrangements, and TenX will continue to participate in protocol governance independently.