xTAO goes public on TSXV with $22.8M in backing to support Bittensor’s decentralised AI vision and expand TAO-powered infrastructure.
xTAO Inc., the first public company dedicated to growing the decentralised AI ecosystem of Bittensor, began trading on the TSX Venture Exchange (TSXV) on 22 July 2025. The listing, under the symbol XTAO.U, marks a major step forward in xTAO’s mission to support open-source machine intelligence.
The public debut comes alongside the closing of a US$22.8 million financing round, backed by a roster of leading digital asset investors including Animoca Brands, Arca, Arche Capital, and Borderless Capital.
“Our public listing and financing mark important milestones for xTAO, as we execute on our mission of advancing decentralised AI,” said Karia Samaroo, founder and CEO of xTAO. “Bittensor is rapidly emerging as the ‘Bitcoin of AI,’ and xTAO will be well-positioned to capitalise on its growth potential through the operation of our validator and our use of TAO as our treasury reserve asset.”
As a validator, xTAO will assess product quality and facilitate enterprise access to decentralised AI services.
“xTAO has created an institutional product for Bittensor, and we’re aligned on the vision and glad to be working alongside them,” said Bittensor co-founder Ala Shaabana.
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