xBT Focused Infrastructure Firm xTAO Lists on TSX Venture Exchange, Raises $22.8M

xTAO, a Bittensor-focused infrastructure firm, debuted on Canada's TSX Venture Exchange, raising $22.8 million to expand its validator operations and build real-world products on Bittensor's open network. The firm will use the funds to support the growth of decentralized AI. TAO is trading above $440, up 5.5% in the last 24 hours, outperforming the CoinDesk 20 index. Analysts are optimistic about the AI token asset class as more retail traders look to invest in frontier AI companies.

xTAO, a Bittensor-focused infrastructure firm, made a significant stride in its growth journey by debuting on Canada's TSX Venture Exchange. The company successfully raised $22.8 million in funding, which will be utilized to expand its validator operations and build real-world products on Bittensor's open network. This move is part of xTAO's broader mission to support the growth of decentralized artificial intelligence (AI).

The funding round was led by Animoca and DCG, with other institutional investors also contributing. The funds will be directed towards scaling validator operations and developing products that leverage the capabilities of Bittensor's open network. Karia Samaroo, founder and CEO of xTAO, commented on the listing and financing, stating, "Our public listing and financing mark important milestones for xTAO, as we execute on our mission of advancing decentralized AI."

The TAO token, which is the native cryptocurrency of the xTAO ecosystem, is currently trading above $440, representing a 5.5% increase in the last 24 hours. This performance has outpaced the CoinDesk 20 index, which is trading flat. The strong market interest in TAO is indicative of growing institutional and retail interest in decentralized AI infrastructure.

Analysts remain optimistic about the AI token asset class, with more retail traders looking to gain exposure to frontier AI companies. As established players in the space potentially restrict investment, this opens opportunities for projects like xTAO to capitalize on the growth potential of decentralized AI.

The public listing of xTAO comes just days after TAO Synergies announced a $10 million purchase of the TAO token, signaling further institutional interest in the sector. While TAO Synergies made its bet as a treasury allocation, xTAO aims to provide the tooling and validation layers that help the network scale.

In summary, xTAO's debut on the TSX Venture Exchange is a significant milestone for the company and the broader decentralized AI ecosystem. The funding will enable xTAO to expand its operations and develop innovative products, positioning it well to capitalize on the growing interest in decentralized AI.

References:
[1] https://www.coindesk.com/markets/2025/07/22/bittensor-infrastructure-firm-xtao-to-debut-on-canadas-tsx-venture-exchange
[2] https://finance.yahoo.com/news/bittensor-infrastructure-firm-xtao-debut-041300129.html