Mr. Andrew Forson reports

TENX PROTOCOLS, A DEFI TECHNOLOGIES ADVISORY CLIENT AND VENTURE INVESTMENT, DEBUTS ON TSX VENTURE EXCHANGE AS "TNX" FOLLOWING SUCCESSFUL $30 MILLION FINANCING

Tenx Protocols Inc., one of Defi Technologies Inc.'s advisory clients and venture portfolio companies, began trading on the TSX Venture Exchange under the ticker symbol TNX today, Dec. 10, 2025. The listing follows the successful completion of a subscription receipt financing that formed part of Tenx's go-public transaction and brings total capital raised in 2025 to more than $33-million.

The financings included participation from leading digital asset investors and institutions, including Borderless Capital, Hive Blockchain Technologies, Chorus One and Defi Technologies.

Stillman Digital, Defi Technologies' wholly owned trading subsidiary, will work with Tenx to provide institutional trade execution services and market intelligence that support efficient treasury deployment across multiple blockchain networks.

"Tenx is led by a proven team and is emerging as a leader in blockchain infrastructure. Their TSX-V listing is a significant step in their growth," said Andrew Forson, president of Defi Technologies. "The partnership fits naturally with Defi's advisory platform, Stillman Digital's trading infrastructure and Reflexivity Research's market insights as Tenx expands its treasury and staking services across high-performance networks."

Tenx is focused on generating recurring revenue across high-performance Layer 1 networks, including Solana, Sui and Sei. The company operates institutional-grade staking infrastructure, validator services and digital asset treasury strategies that give public investors direct exposure to the growth of emerging Web3 ecosystems. The listing expands Tenx's access to capital markets and supports its strategy to scale participation across multiple blockchain environments.

Tenx is led by industry veterans Mat and Filip Cybula, who previously founded and exited Cryptiv, and by chief technology officer Geoff Byers, a long-time blockchain engineer and former CTO of Tetra Trust. Their experience in custody, infrastructure and secure systems positions Tenx as a strong entrant in the digital asset treasury and staking sector.

About Defi Technologies Inc.

Defi Technologies is a financial technology company bridging the gap between traditional capital markets and decentralized finance (defi). As the first Nasdaq-listed digital asset manager of its kind, Defi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to 100 of the world's most innovative digital assets through regulated ETPs (exchange-traded products); Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research LLC, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and Defi Alpha, the company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, Defi Technologies is building the institutional gateway to the future of finance.

Defi Technologies subsidiaries

About Valour Inc.

Valour and Valour Digital Securities Ltd. issue exchange-traded products (ETPs) that enable retail and institutional investors to access digital assets in a simple and secure way through their traditional bank accounts. Valour is part of the asset management business line of Defi Technologies.

About Stillman Digital

Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement and technology.

About Reflexivity Research LLC

Reflexivity Research is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights.

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