DevvStream Corp. (Nasdaq: DEVS), a carbon management firm, has secured a securities purchase agreement for the issuance of up to $300 million in senior secured convertible notes with Helena Partners, aiming to establish a blockchain-based treasury and launch a tokenization platform for sustainability-linked infrastructure. The agreement facilitates funding in multiple tranches, with an initial $10 million completed on July 18, 2025.A key aspect of this agreement involves DevvStream allocating 75% of the net proceeds—specifically 70% from the initial tranche—towards acquiring liquid digital assets. These assets are intended to offer continuous liquidity, act as non-correlated stores of value, and serve as collateral for future credit facilities. This strategy is designed to complement DevvStream’s existing business of developing, acquiring, and monetizing environmental assets, while broadening investor access to tokenized sustainability infrastructure. The company is also exploring the tokenization of its current environmental asset portfolio, with future announcements anticipated as the platform develops. The initiative is projected to generate various revenue streams, including staking yields, and reduce dependence on equity financing by leveraging crypto-backed credit options.The notes are convertible by the holder into the Company’s Common Shares at an initial conversion price set at 200% of the Common Shares’ closing price on the trading day immediately preceding the closing date, subject to potential downward adjustments outlined in the notes.Sunny Trinh, CEO of DevvStream, stated, “This $300 million facility allows us to improve capital efficiency, reduce dilution, and bring global investors into the carbon ecosystem through a digital gateway. The combination of crypto reserves and real-world asset tokenization represents the next evolution of our capital strategy.”Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, is acting as the placement agent for DevvStream.Founded in 2021, DevvStream specializes in the development, investment, and sale of environmental assets, energy transition, and carbon management solutions. Its mission focuses on aligning sustainability with profitability, enabling organizations to achieve climate objectives while improving financial health. DevvStream operates across three main areas: an offset portfolio of nature-based, tech-based, and carbon sequestration credits; project investment, acquisitions, and industry consolidation; and project development, managing activities like EV charging or renewable energy generation in exchange for a percentage of generated credits or I-RECs.