Canada’s TSX Venture Exchange to Welcome Bittensor Infrastructure Player xTAO

Bittensor Infrastructure Startup xTAO Goes Public on TSX Venture Exchange Following $22.8M Raise

xTAO, a Bittensor-focused infrastructure company, has officially listed on Canada’s TSX Venture Exchange after securing $22.8 million in funding from investors including Animoca Brands and Digital Currency Group (DCG). The capital will be used to scale the company’s validator operations and develop tools to support the growth of decentralized artificial intelligence (AI) applications.

The public debut underscores increasing institutional momentum around decentralized AI networks. xTAO’s listing follows a $10 million TAO token purchase by TAO Synergies, another publicly traded firm, reflecting broader interest in the Bittensor ecosystem. While TAO Synergies is using its position as a treasury allocation, xTAO is building infrastructure to help the Bittensor network scale efficiently.

“Our listing and recent financing represent a major step forward as we work to build out a robust foundation for decentralized AI,” said Karia Samaroo, founder and CEO of xTAO. “Bittensor is rapidly becoming the ‘Bitcoin of AI,’ and xTAO is uniquely positioned to benefit from its growth by operating validators and holding TAO as a strategic asset.”

TAO, the native token of the Bittensor protocol, was trading above $440 at the time of publication—up 5.5% over the past 24 hours and outperforming the CoinDesk 20 Index, which was flat.

Analysts remain bullish on AI-linked crypto assets, citing strong retail demand for exposure to next-generation AI infrastructure. With access to traditional AI equity opportunities becoming more limited, decentralized protocols like Bittensor are gaining appeal as an alternative investment path.