Cryptocurrency platform, DevvStream, reveals its initial digital asset treasury, designates a custodian, and enlists a consultant.
DevvStream Corp, a leading company in the blockchain and cryptocurrency sector, has unveiled its innovative crypto treasury strategy. The strategy aims to combine institutional-grade liquidity with exposure to programmable sustainability, with real-world asset (RWA) tokenization as a core investment thesis.
At the heart of this strategy is a diverse initial portfolio of three digital assets. Bitcoin (BTC) has been chosen as the foundational asset due to its unparalleled security and market liquidity. Solana (SOL) has been selected for its exceptional transaction speed and large-scale ecosystem, offering stable yield and deep liquidity for treasury management. The company's own programmable digital asset, DevvE (DEVVE), is also included. DevvE blends DeFi innovation and utility with the safety and security standards required in traditional finance, enabling DevvStream's "impact-layer tokenization" strategy.
DevvStream's crypto treasury strategy is designed to align capital with the company’s mission to deliver institutional-grade efficiency and income, while bridging sustainability tokenization and real-world asset integration. This positions DevvStream "at the intersection of liquidity, innovation, and impact."
In support of this strategy, DevvStream has partnered with BitGo Trust Company, appointed as the qualified custodian of DevvStream’s digital assets, providing secure custody services that meet institutional standards. FRNT Financial Inc, on the other hand, serves as the digital treasury consultant, advising on treasury management and strategy to optimize the digital asset portfolio. These partnerships underscore DevvStream’s prudent and innovative approach to managing its crypto treasury.
It is important to note that these forward-looking statements are based upon estimates and assumptions that are inherently uncertain and subject to material change. Risks and uncertainties, such as those set forth in DevvStream's most recent SEC filings, could cause actual results to differ materially from those expressed or implied by such forward-looking statements.
This news release contains 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.
Readers are strongly encouraged to carefully review the statements set forth in DevvStream's filings with the SEC and Canadian securities regulatory authorities. DevvStream is under no obligation to update, alter, or otherwise revise any forward-looking statement, except as required by law.
The statements, views, and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. This piece was paid for by LFG Equities corp on behalf of Devvstream corp.
[1] DevvStream Corp Announces Crypto Treasury Strategy Focusing on Liquidity, Sustainability, and Real-World Asset Tokenization. (n.d.). Retrieved May 20, 2023, from https://www.prnewswire.com/news-releases/devvstream-corp-announces-crypto-treasury-strategy-focusing-on-liquidity-sustainability-and-real-world-asset-tokenization-301736449.html
[2] DevvStream Announces Crypto Treasury Strategy. (n.d.). Retrieved May 20, 2023, from https://www.financemagnates.com/cryptocurrency/news/devvstream-announces-crypto-treasury-strategy/
[3] DevvStream Reveals Crypto Treasury Strategy. (n.d.). Retrieved May 20, 2023, from https://www.cryptoglobe.com/latest/2023/05/devvstream-reveals-crypto-treasury-strategy/
[4] DevvStream Unveils Crypto Treasury Strategy. (n.d.). Retrieved May 20, 2023, from https://www.coindesk.com/business/2023/05/20/devvstream-unveils-crypto-treasury-strategy/
- DevvStream's crypto treasury strategy combinesBitcoin, Solana, and DevvE, leveraging technology and innovation to deliver institutional-grade efficiency, income, and impact in the environmental-science, finance, business, and technology sectors.
- The company's partners, BitGo Trust Company and FRNT Financial Inc, lend their expertise in secure custody services and digital treasury consultation, respectively, reinforcing DevvStream's prudent and innovative approach.
- The focus on programmable sustainability and real-world asset tokenization makes DevvStream a pioneer at the intersection of liquidity, innovation, and sustainability, positioning it for future growth and success.
