xTAO to List on TSX Venture Exchange, Secures $22.8 Million Investment from DCG and Other Institutions

ChainCatcher reports, citing The Block, that xTAO, a publicly listed company focused on Bittensor, announced today that it has received final approval to list its common shares on the TSX Venture Exchange (TSXV) in Toronto, Canada. The company's shares will officially begin trading on the TSXV on July 23 under the ticker symbol XTAO.U.

Alongside this listing, xTAO has also completed a subscription receipt financing round totaling $22.8 million, with investors including several digital asset venture capital firms such as Digital Currency Group (DCG), Animoca Brands, Arca, Borderless Capital, and FalconX. In May of this year, xTAO had already completed its initial public listing on the TSXV.

xTAO's core objective is to support the development of the Bittensor ecosystem by creating high-value products such as data, computing power, and machine learning models. Its validator node business will assess the quality of these products and help connect them with end users and enterprise clients.