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xTAO Provides Update on TAO Holdings, Becomes Largest Publicly Traded Holder of TAO
xTAO Inc. (TSX-V: XTAO.U) (the “Company” or “xTAO”), a publicly traded technology company focused on building infrastructure for Bittensor and its decentralized AI ecosystem, today announced the scale of its current TAO holdings following its public listing on the TSX Venture Exchange.
xTAO currently holds a total of 41,538 TAO, an amount that now makes it the world’s largest publicly traded holder of the native token of the Bittensor Network. The Company maintains substantial cash reserves, which position it to continue to acquire TAO.
xTAO’s treasury will play a central role in both expanding its own validator operations and building out infrastructure for growing the broader Bittensor ecosystem. The Company is actively staking its TAO holdings to the Bittensor root network, earning an annual yield of approximately 10 percent, although such projections are subject to fluctuations in token price, validator performance and various network dynamics.
“The TAO treasury gives us immediate economic exposure to Bittensor and the fuel to stand up validators that generate reliable revenue,” said xTAO’s CEO, Karia Samaroo. “Our goal is simple: build core infrastructure, earn sustainable cash flow, and compound value alongside the Bittensor network,” said xTAO’s CEO, Karia Samaroo.
With the xTAO Bittensor TAO Holdings, the business boosts validator-based revenue while strengthening its position in decentralised AI.
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Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants
Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments. Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.
Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
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OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
OneDome, the UK-based housing and fintech platform, has raised $25 million in a Pre-Series C funding round, taking total funding raised to date to $40 million.
intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency
intelliflo and Söderberg & Partners today announced a new strategic partnership designed to deliver greater efficiency, smarter workflows and an enhanced technology experience for financial advice firms.
Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets
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ComplyAdvantage Fintea Chats: Lucy Heavens on Compliance, Technology and the Future
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Chargebase Launches to Help Merchants Cut Chargebacks and Give Easy Access to Verifi and Ethoca Alerts
Chargebase, a new chargeback-prevention platform built for high-growth e-commerce and SaaS businesses, today announces its official launch. Designed to solve an expensive and existential problem for merchants – chargebacks – Chargebase gives companies instant access to Verifi and Ethoca alerts in a single, easy-to-use platform with automated workflows and transparent pricing.