DevvStream Corp., a prominent carbon management firm, has successfully completed an initial funding round of $10 million as part of a larger $300 million strategy to enhance digital infrastructure and sustainability efforts. The company has entered a securities purchase agreement for the issuance of up to $300 million in senior secured convertible notes with Helena Partners. This initiative aims to establish a blockchain-based treasury and launch a tokenization platform for sustainability-linked infrastructure. DevvStream plans to use 75% of the net proceeds to acquire liquid digital assets, which will serve as non-correlated stores of value and collateral for future credit facilities. This strategic move is expected to generate multiple revenue streams, including staking yields, and reduce reliance on equity financing. The company is also exploring the tokenization of its existing environmental asset portfolio, promising further expansion in its digital asset strategy.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.