Investment Services News

NEO Exchange Expands Coverage in Carbon Credits Market With Public Listing of DevvStream

NEO Exchange Expands Coverage in Carbon Credits Market With Public Listing of DevvStream

NEO welcomes DevvStream Holdings Inc. to ring the bell in celebration of its listing on the NEO Exchange. A carbon credit management and investment company focused on technology-based projects, DevvStream is now available for trading on NEO under the symbol DESG.

“This is an exciting milestone for DevvStream. We are thrilled to partner with the NEO Exchange, which is directly aligned with our values of innovation, excellence, and a novel approach to solving crucial issues facing the planet”

With today’s launch, DevvStream becomes the third company in the carbon credits market to go public on the NEO Exchange, Canada’s Tier 1 exchange fueling the innovation economy. DevvStream provides upfront capital for sustainability projects in exchange for carbon credit rights, which are further managed through a proprietary blockchain-based platform.

Latest Fintech News: Offline Payments Launched By China’s E-CNY App

“This is an exciting milestone for DevvStream. We are thrilled to partner with the NEO Exchange, which is directly aligned with our values of innovation, excellence, and a novel approach to solving crucial issues facing the planet,” commented Sunny Trinh, CEO of DevvStream. “We are an early mover in the public arena with this business model, and look forward to providing public investors with access to our holistic, unique, tech-focused climate finance approach. As a result of our listing on NEO, we are well-positioned to capitalize on our pipeline and further our mission to reverse climate change, while providing exposure to high-quality carbon offset projects to our investors.”

Through its unique strategy of tackling climate finance, DevvStream invests in green projects that generate renewable energy, improve energy efficiencies, eliminate or reduce emissions, or sequester carbon directly from the air. Investors can trade shares of DESG through their usual investment channels, including discount brokerage platforms and full-service dealers.

Latest Fintech News: TPAY Partners With TOD To Offer Mobile Payments

“DevvStream is a lighthouse example of a disruptor that is poised to effect real change, under the leadership of an experienced management team and with a multi-faceted business model that addresses environmental, social, and governance aspects. It’s another quality company actively working to build a better tomorrow – and purposefully choosing to go public on the NEO Exchange,” noted Jos Schmitt, President and CEO of NEO. “NEO has become the venue of choice for leaders in the innovation economy who are seeking an exchange that supports their growth, embraces technology, pursues continuous innovation, and provides exceptional service in addition to increased investor awareness and quality of trading. We are honoured to welcome DevvStream to the NEO family.”

The NEO Exchange is home to well over 250 unique listings, including some of the most innovative Canadian and international growth companies, and ETFs from Canada’s largest ETF issuers. NEO consistently facilitates between 10% and 15% of all volume traded in Canadian-listed companies, and close to 20% of all volume traded in Canadian ETFs.

Latest Fintech News: XY Retail Partners with BinHexS to Bring Speed and Flexibility to Retail Platform

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Computer Guidance Corporation and Corpay Announce Partnership to Bring Streamlined Payments to Construction Companies

Fintech News Desk

Alliance Data Selects Fiserv for Credit Processing Services

Fintech News Desk

Ageas Partners with eBaoTech to Enable Its Digital Platforms’ Strategy

Fintech News Desk
1