DevvStream Announces Initial Crypto Treasury Portfolio and Appoints Custodian and Consultant
CALGARY, Alberta — DevvStream Corp. (Nasdaq: DEVS) (' DevvStream ' or the ' Company '), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced the initial composition of its crypto treasury portfolio, along with the appointment of BitGo Trust Company (' BitGo ') as qualified custodian and FRNT Financial Inc as digital treasury consultant.
Article content
DevvStream is deploying a forward-looking crypto treasury strategy designed to combine institutional-grade liquidity with exposure to programmable sustainability, with real-world asset (' RWA ') tokenization as a core investment thesis. The Company's treasury portfolio will initially include Bitcoin ($BTC), Solana ($SOL), and DevvE ($DEVVE), representing its dual approach to its digital asset strategy.
Article content
Article content
Bitcoin ($BTC): Selected as the foundational asset of the digital economy, providing unparalleled security and market liquidity.
Solana ($SOL): Chosen for its exceptional transaction speed and large-scale ecosystem, offering stable yield and deep liquidity for treasury management.
DevvE ($DEVVE): A programmable digital asset that combines DeFi innovation and utility with the safety and security that traditional finance requires, enabling the Company's 'impact-layer tokenization' strategy.
Article content
'Our treasury model isn't just about holding crypto. It's about aligning capital with our mission,' said Sunny Trinh, CEO of DevvStream. 'Our mix of assets is designed to deliver institutional-grade efficiency and income, while bridging to sustainability tokenization and real-world asset integration. Together, they position DevvStream at the intersection of liquidity, innovation, and impact.'
Article content
DevvStream expects to continue expanding its digital asset portfolio as part of its broader strategy to fund sustainable infrastructure, tokenize real-world environmental assets, and provide investors with diversified exposure to the emerging digital–environmental economy.
Article content
About DevvStream
Article content
Founded in 2021, DevvStream is a leading carbon management firm specializing in the development, investment, and sale of environmental assets, energy transition, and innovative carbon management solutions. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health.
Article content
With a diverse approach to energy transition and carbon markets, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the company serves as project manager for eligible activities such as EV charging or renewable energy generation in exchange for a percentage of generated credits or I-RECs.
Article content
Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expect', 'intend', 'will', 'estimate', 'anticipate', 'believe', 'predict', 'potential' or 'continue', or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, DevvStream's ability to continue as a going concern and to realize the benefits of its recently completed business combination, DevvStream's ability to remain listed on Nasdaq, the volatility of the market price and the liquidity of DevvStream's common shares, the impact from future regulatory, judicial, legislative or regulatory changes in DevvStream's industry, the trends in the carbon credit markets, future performance and anticipated financial impacts of certain transactions by DevvStream or others, the growth and value of the global carbon credit or I-REC market traded value, the potential of carbon credits to provide carbon emission reductions and reduce carbon emissions to limit global warming, estimated CO2 capture, sequestration, decarbonization or storage capacities or potentials of different projects in which DevvStream is investing, DevvStream's opportunity pipeline and the ability of such opportunities to generate I-RECs, carbon credits, tax credits, or shared savings revenue each year, and the market growth and value of these markets, all of which are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to the risks set forth in the Company's most recent Form 10-K, 10-Q and other SEC filings which are available through EDGAR at WWW.SEC.GOV. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties.
Article content
These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities. This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
Article content
Article content
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
a few seconds ago
- CTV News
Baristas show off their skills in last day of national competition
The 2025 Canadian Barista Championships wrapped up in Edmonton on July 27, 2025. (CTV News Edmonton/Connor Hogg) Coffee aromatics filled the Oliver Exchange Building 2 Sunday as the 2025 Canadian Barista Championships wrapped up its final day of a three-day competition. Eighteen competitors from across the country – including five hometown heroes – were pulling espresso shots and steaming milk in hopes of claiming the top prize. The winner of the championship will have the chance to compete in Milan, Italy for the World Barista Championship in October. Santiago Lopez, a competitor and co-owner of the Colombian Coffee Bar and Roastery, said the event helps move the industry forward. 'We get to showcase the quality of coffee that we have in the city, and its good to just showcase the city in general,' Lopez told CTV News Edmonton. 'Over the last 10 years, the industry in Edmonton has really evolved … and now we have a bunch of different, good coffee roasters and people that really appreciate coffee.' He said people are treating coffee as part of their morning ritual, rather than a commodity. Each competitor was required to complete a 15-minute 'performance,' preparing four espressos, four milk-based drinks and four unique signature beverages. Every performance was evaluated by a panel of 34 judges. But Lopez said the event wasn't just a competition. 'The intent for us all is to show other people in coffee, in the city, that we can get to higher levels, that we can push each other, that we're not in competition, that we're collaborators,' said Lopez. 'I think this tells everybody that we need to come together as a community to grow the industry in this city.' With files from CTV News Edmonton's Connor Hogg
Globe and Mail
a few seconds ago
- Globe and Mail
The Smartest Growth Stock to Buy With $10,000 Right Now
Key Points While known to be a leader in e-commerce, this tech giant also has a strong presence in other tech-driven markets. Artificial intelligence is set to push further gains at this company's dominant cloud computing segment. The stock's current valuation looks reasonable given solid revenue and earnings growth. 10 stocks we like better than Amazon › Owning growth stocks can be an exciting way to invest your capital. These are usually companies that are operating with tailwinds at their back. This helps them put up strong revenue and profit gains. For investors, the possibility of scoring huge returns is certainly hard to ignore. But where can one find attractive opportunities? I believe there's one, which is a historical winner, that's hiding in plain sight. Here's the smartest growth stock to buy with $10,000 right now. Much more than just an e-commerce powerhouse With a market cap of $2.4 trillion and trailing-12-month net sales of $650 billion, there's no chance that Amazon (NASDAQ: AMZN) flies under the radar. However, it's a growth stock that investors must take a closer look at today. That's because Amazon is riding the wave of multiple secular trends that are propelling it forward. Investors know Amazon as the dominant e-commerce platform, with nearly 40% of all online shopping in the U.S. going through the marketplace. With a massive product assortment at cheap prices, plus fast and free shipping, consumers are keen on spending on the Amazon site. But the business is much more than an online retailer. Amazon also has a sizable digital ad segment that generated $56.2 billion in revenue in 2024. It's growing at a double-digit clip, too. And based on the profitability of industry leaders Alphabet and Meta Platforms, Amazon is surely raking in meaningful earnings from its advertising efforts. There's also Amazon Web Services, the industry's leading cloud computing platform. It has generally posted faster growth than the overall company. And with a first-quarter operating margin of 39.5%, it's also been the profit engine. According to Grand View Research, the global cloud computing market is expected to expand at a 20% yearly pace over the next five years to $2.4 trillion. AWS is clearly staring at a long growth runway. Amazon CEO Andy Jassy estimates that only 15% of IT spending has shifted to the cloud thus far, leaving plenty of opportunity for AWS to capture the ongoing transition. The rise of artificial intelligence helps in this regard, as enterprise customers have a growing desire to build AI apps and tools using the products and services that AWS offers. "Before this generation of AI, we thought AWS had the chance to ultimately be a multi hundred-billion-dollar revenue run rate business. We now think it could be even larger." Jassy said on the Q1 2025 earnings call. Still a smart buy With a huge revenue base, it can undoubtedly be difficult for Amazon to continue growing the top line at a respectable clip. The company operates from a position of strength, though, because weakness in one area can more than be made up for by robustness in another. Most other businesses aren't as fortunate. This supports Amazon's powerful competitive standing. Wall Street consensus analyst estimates call for revenue to increase at a compound annual rate of 9.7% between 2024 and 2027. However, I wouldn't be surprised at all to see growth come in better than this forecast. Amazon's ability to leverage its disruptive and innovative capabilities to penetrate adjacent growth vectors is a phenomenal trait. A renewed focus on operational efficiency has supported profitability gains in recent years. And this is set to continue. Analysts believe earnings per share will jump by 17.6% between 2024 and 2027. The stock is reasonably valued, at a forward price-to-earnings ratio of 36.6. Given Amazon's dominance, investors shouldn't hesitate to buy $10,000 worth of the business, which should get you about 44 shares. Should you invest $1,000 in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Globe and Mail
an hour ago
- Globe and Mail
Ottawa's plan to boost deposit insurance is too timid and mired in concerns of ages past
John Turley-Ewart is a contributing columnist for The Globe and Mail, a regulatory compliance consultant and a Canadian banking historian. Between 1982 and 1985, the Canadian Deposit Insurance Corporation paid out $3.177-billion in claims to cover depositor losses. Ten poorly managed and badly regulated trust companies were the cause. By 1993, CDIC had recovered more than two-thirds of those funds when the liquidators were finished. The final cost to CDIC was $827-million. This loss put a dent in the Department of Finance's perception of deposit insurance. It was supposed to boost competition by levelling the playing field for smaller banks and financial institutions. Instead, some smaller institutions leveraged deposit insurance to attract deposits from unwitting customers that they then used to fund high-risk ventures. This boosted instability, not just competition. But those days are long gone, and financial regulation is different today. Ottawa needs to let the past go. Investor Clinic: Understanding deposit insurance rules could help simplify your holdings The quickest way to boost competition in Canada's banking system is now on the table: Increasing the dollar value of deposits guaranteed by the CDIC in cases of failure is under consideration in Ottawa. The more coverage CDIC offers, the easier it is to move beyond the Big Six banks for deposit accounts, chequing accounts, investment deposits – such as guaranteed investment certificates – and other CDIC-covered deposit categories and products. This in turn incentivizes Canada's Big Six to offer more competitive interest rates, reduce fees and improve service standards. Yet, the federal government is squandering an easy opportunity to boost competition with a timid proposal to insure consumer deposits up to $150,000 (versus the current amount, $100,000) for each eligible deposit product at member institutions, which include chartered banks, federally regulated credit unions, and loan and trust companies. Curiously, the Department of Finance is proposing that CDIC increase coverage for business deposit accounts to $500,000. Businesses will welcome this, but it creates a politically flawed, two-tier deposit insurance system. Such an approach puts any future federal government dealing with a bank failure in the invidious position of having CDIC business payouts exceed by more than three times consumer payouts. The likely outcome would see Ottawa cough up taxpayer money to make whole consumer deposits exceeding the $150,000 ceiling, defeating the purpose of CDIC. Rob Carrick: A $250,000 deposit insurance limit for banks would suit today's world a lot better than the current $100,000 The last time Ottawa increased CDIC coverage on Canadian-dollar deposit accounts was 20 years ago. Now the federal government is playing catch-up with the annual rate of inflation (2.18 per cent) since CDIC coverage was last raised to $100,000 in 2005. In real value of money terms, CDIC coverage dropped by almost 54 per cent over the past two decades. With the expansion of savings products covered by CDIC in recent years, such as the First Home Savings Account, one might assume the effective CDIC coverage has widened. And yet, the Department of Finance's own study found that CDIC-eligible deposits fell to 36 per cent in 2024 from 58 per cent in 2005. This advantages the Big Six banks at the expense of smaller financial players. Canadians are more likely to trust uninsured personal and business deposits to larger, older institutions. Following the failure of two finance companies in 1965 and 1966 that generated heavy losses, and a run on the Montreal City and District Savings Bank (known today as Laurentian Bank) in 1967, the federal government founded CDIC to restore confidence in the financial system while 'enhancing the competitive position of … smaller banks.' Deposit insurance was the antidote to the understandable bias toward larger banks. CDIC's initial deposit insurance coverage in 1967 was $20,000, the equivalent of $181,000 in today's dollars – 20 per cent higher than what Ottawa is now proposing. Competition would be enhanced by ensuring 'the safety and soundness of those depositors who are usually not in a position to judge for themselves the financial soundness of the institution holding their deposits.' It is an approach with advocates in other parts of Canada as well as the United States. Provinces regulate their financial deposit-taking institutions and have provincial versions of CDIC. In Manitoba, British Columbia, Saskatchewan, and Alberta, deposit insurance is unlimited. In Prince Edward Island, it is unlimited for deposits in registered and tax-free accounts. Ontario offers a mix of unlimited coverage and $250,000 in deposit insurance depending on the deposit product. In New Brunswick, as well as Newfoundland and Labrador, provincially regulated deposit-taking institutions offer $250,000 per nine common deposit product categories. In the U.S., the Federal Deposit Insurance Corporation offers US$250,000 (roughly $340,000) in deposit insurance for each of 14 deposit product categories. Revised CDIC coverage aligned with provincial and U.S. norms will better encourage competition in our banking system. It could be problematic, though, if the Department of Finance has real concerns about the state of some of our smaller financial institutions. Proposing such a modest increase to $150,000 raises the question: Does it?
