xTAO is about to be listed on the TSX Venture Exchange and has secured a $22.8 million investment from institutions including DCG

ChainCatcher news, according to The Block, the publicly traded company focused on Bittensor, xTAO, announced today that it has received final approval to list its common shares on the Toronto Stock Exchange's Venture Exchange (TSX Venture Exchange, TSXV) in Canada. The company's stock will officially start trading on TSXV on July 23, with the stock code XTAO.U.

Alongside this listing, xTAO has also completed a round of subscription receipt financing 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 completed its initial public offering on TSXV.

xTAO's primary goal is to support the development of the Bittensor ecosystem by developing high-value products such as data, computational power, and machine learning models. Its validator business will conduct quality assessments of these products and assist in connecting them with end-users and enterprise clients.