Bittensor-Focused Firm xTAO Announces Upcoming Listing on TSX Venture Exchange

xTAO Debuts on TSX Venture Exchange, Backed by $22.8M Raise to Advance Decentralized AI Infrastructure

Bittensor-focused infrastructure company xTAO has officially listed on Canada’s TSX Venture Exchange, marking a significant milestone in its mission to scale decentralized artificial intelligence (AI) systems. The debut follows a successful $22.8 million funding round led by Animoca Brands, Digital Currency Group (DCG), and other institutional investors.

The newly raised capital will be used to expand xTAO’s validator infrastructure and develop real-world applications built on top of Bittensor’s open-source AI network.

The listing comes on the heels of TAO Synergies’ $10 million acquisition of TAO tokens, highlighting growing institutional appetite for decentralized AI assets. While TAO Synergies made its investment as a treasury allocation, xTAO’s focus remains on delivering core infrastructure, including validator operations and developer tooling, to support network growth.

“Our public listing and financing mark important milestones for xTAO as we execute on our mission of advancing decentralized AI,” said Karia Samaroo, founder and CEO of xTAO. “Bittensor is quickly emerging as the ‘Bitcoin of AI,’ and we believe xTAO is uniquely positioned to capitalize on that momentum through strategic validation and treasury management.”

TAO, the native token powering the Bittensor network, climbed 5.5% in the last 24 hours to trade above $440, outperforming the broader CoinDesk 20 (CD20) index, which remained flat on the day.

Analysts remain bullish on AI-related digital assets, citing increasing interest from retail and institutional investors alike as traditional avenues for early-stage AI exposure grow more limited.