Tezos announces the acquisition of 55 million XTZ tokens, marking TenX's first move as a publicly listed company to implement a high-quality staking strategy.

Blockchain infrastructure company TFX Protocols recently announced a strategic partnership with the Tezos Foundation, sending a new signal to the cryptocurrency market. This marks a notable case of a publicly listed company actively entering the staking ecosystem.

Completed Acquisition of 5.5 Million XTZ worth $3.25 Million

TFX Protocols announced that between January 2 and January 19, it acquired 5.5 million XTZ, the native token of Tezos, for approximately $3.25 million. It is reported that they secured a total of 5,542,935 tokens through open market and OTC transactions at an average price of $0.5868 per token.

This acquisition was funded by cash raised in a funding round that concluded in August last year. Such a direct token acquisition of this scale by a publicly listed company specializing in blockchain infrastructure is considered a rare case in the industry.

Targeting 8-10% Annual Staking Returns, Maintaining Principles of Independent Operation

TFX plans to stake the acquired XTZ through its operated validators to generate recursive income. Co-founder and COO Philip Saybula explained, “An annual Tezos staking yield of 8% to 10% before costs is a reasonable benchmark.”

The rewards and related income from staking will be reflected in the company’s financial statements and regular disclosures, including Management Discussion and Analysis (MD&A). This demonstrates a commitment to transparency and building trust with shareholders.

Delegation to Tezos Foundation and Ensuring Governance Independence

As part of the agreement, the Tezos Foundation will delegate some of its XTZ holdings to validators operated by TFX. However, this delegation is solely for staking purposes and does not include influence over protocol upgrades or governance decisions.

COO Saybula emphasized, “This delegation is unrelated to governance control, and TFX votes independently on Tezos upgrades.” This is seen as an effort to address community concerns about validator power concentration.

Reasons for Choosing Tezos: Governance Maturity and Technical Strength

The background for TFX’s choice of Tezos over larger ecosystems like Ethereum or Solana is noteworthy. Saybula cited “Tezos’ excellent governance model, proven track record of live upgrades, and technological maturity” as reasons for the selection.

During due diligence, key evaluation factors included validator risk, network decentralization, tokenomics, and operational feasibility. It was a strategic choice based on ecosystem quality rather than simple token investment.

Considering Expansion to Other Proof-of-Stake Ecosystems

TFX indicated that it is not limited to Tezos but is also exploring similar strategic partnerships across other Proof-of-Stake networks. However, specific target protocols have not been disclosed.

Saybula pointed out, “Whether more publicly listed companies will participate in validator delegation competitions depends on qualitative changes in participation methods.” He emphasized, “If delegation focuses on operators investing in reliability, security, transparency, and community contribution, it can strengthen validator quality and network resilience.”

XTZ Price and Market Response

Currently, XTZ is trading around $0.46, down approximately 8.6% in the past 24 hours. Compared to the $0.58 level at the time of writing (around 13:00 UTC), there has been further decline. Despite market volatility, interest is growing in how effective TFX’s long-term staking strategy will be.