TenX Protocols Launches on TSX Venture Exchange as "TNX" After Securing $30 Million in Financing as a DeFi Technologies Advisory Client and Venture Investment | Intellectia.AI
TenX Protocols Launches on TSX Venture Exchange as "TNX" After Securing $30 Million in Financing as a DeFi Technologies Advisory Client and Venture Investment
Written by Emily J. Thompson, Senior Investment Analyst
TenX TSX-V Listing: TenX Protocols Inc. began trading on the TSX Venture Exchange under the ticker "TNX" on December 10, 2025, following a successful go-public transaction that raised over C$33 million in 2025.
Investor Participation: The financing included contributions from notable digital asset investors such as Borderless Capital, HIVE Blockchain Technologies, and Chorus One, enhancing TenX's capital base for growth.
Stillman Digital's Role: Stillman Digital, a subsidiary of DeFi Technologies, will provide institutional trade execution and market intelligence to support TenX's staking and treasury strategies across various high-performance blockchain networks.
Leadership and Strategy: Led by industry veterans, TenX aims to generate recurring revenue through institutional-grade staking and treasury services, positioning itself as a key player in the digital asset treasury sector.
Wall Street analysts forecast CBOE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CBOE is 274.55 USD with a low forecast of 230.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
Wall Street analysts forecast CBOE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CBOE is 274.55 USD with a low forecast of 230.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
8 Hold
2 Sell
Hold
Current: 277.120
Low
230.00
Averages
274.55
High
310.00
Current: 277.120
Low
230.00
Averages
274.55
High
310.00
Barclays
Benjamin Budish
Overweight
downgrade
$302 -> $295
2026-01-08
Reason
Barclays
Benjamin Budish
Price Target
$302 -> $295
AI Analysis
2026-01-08
downgrade
Overweight
Reason
Barclays analyst Benjamin Budish lowered the firm's price target on Cboe Global Markets to $295 from $302 and keeps an Overweight rating on the shares. The firm updated targets in the brokers, asset managers and exchanges group ahead of the Q4 reports. Total volumes across equities, options, and futures "rose nicely" quarter-over-quarter and volatility picked up sequentially, the analyst tells investors in a research note.
UBS
Neutral
maintain
$265 -> $280
2026-01-07
Reason
UBS
Price Target
$265 -> $280
2026-01-07
maintain
Neutral
Reason
UBS raised the firm's price target on Cboe Global Markets to $280 from $265 and keeps a Neutral rating on the shares. Strength likely carries into 2026 for now, the analyst tells investors in a research note.
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Morgan Stanley
Underweight
maintain
$221 -> $240
2025-12-22
Reason
Morgan Stanley
Price Target
$221 -> $240
2025-12-22
maintain
Underweight
Reason
Morgan Stanley raised the firm's price target on Cboe Global Markets to $240 from $221 and keeps an Underweight rating on the shares. Healthy transactional activity across brokers and exchanges in Q4 drives modest positive revision risk, notes the analyst in a preview. The analyst is raising Q4 EPS estimates by 5% on average, leaving the firm in-line with consensus, the analyst noted.
Barclays
Equal Weight -> Overweight
upgrade
$273 -> $302
2025-12-12
Reason
Barclays
Price Target
$273 -> $302
2025-12-12
upgrade
Equal Weight -> Overweight
Reason
Barclays upgraded Cboe Global Markets to Overweight from Equal Weight with a price target of $302, up from $273. The firm says the company's index options franchise has seen "healthy growth" over the past several years. Barclays also likes the actions taken by Cboe's new CEO. The company is divesting sub-scale, less critical businesses and leaning into its core competency, the analyst tells investors in a research note.
About CBOE
Cboe Global Markets, Inc. is a provider of derivatives and securities exchange networks, and delivers trading, clearing and investment solutions to customers. The Company operates through six segments. The Options segment includes options on market indices (index options), as well as on the stocks of individual corporations (equity options). The North American Equities segment includes United States equities and ETP transaction services. The Europe and Asia Pacific segments include the pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts. The Futures segment includes transaction services provided by Cboe Futures Exchange, LLC (CFE), an electronic futures exchange that offers trading of VIX futures and other futures products. The Global FX segment includes institutional FX trading services. The Digital segment includes a regulated futures exchange (Cboe Digital Exchange) and a regulated clearinghouse.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
