xTAO Goes Public on TSX Venture Exchange After Securing $22.8M to Scale Decentralized AI Infrastructure
xTAO, a core infrastructure provider for the Bittensor ecosystem, has officially launched on Canada’s TSX Venture Exchange. The listing follows a $22.8 million funding round led by notable investors including Animoca Brands, Digital Currency Group (DCG), and other institutional backers.
The capital will be used to expand xTAO’s validator operations and develop real-world applications that run on Bittensor’s decentralized AI network—positioning the company at the forefront of the growing decentralized artificial intelligence movement.
xTAO’s public debut comes just days after TAO Synergies disclosed a $10 million TAO token acquisition, signaling rising institutional interest in the Bittensor protocol. Unlike TAO Synergies, which is using the token for treasury purposes, xTAO is focused on operational infrastructure and network tooling designed to scale the ecosystem.
“Our public listing and financing are foundational steps in our long-term roadmap to accelerate decentralized AI,” said Karia Samaroo, founder and CEO of xTAO. “We view Bittensor as the ‘Bitcoin of AI,’ and xTAO is strategically aligned to benefit from that vision through our validator network and by holding TAO as a reserve asset.”
TAO, Bittensor’s native token, traded above $440 at last check—up 5.5% in the past 24 hours—outperforming the broader CoinDesk 20 (CD20) index, which remained flat on the day.
Market optimism continues to grow around AI-linked crypto assets as investors look for early exposure to the next generation of AI infrastructure. Analysts note that while traditional avenues for AI investing are becoming more restricted, decentralized projects like Bittensor are capturing increased attention from both retail and institutional players.
