GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins
The discretionary buyback represents near 1% of circulating provide and precedes 4 deliberate product milestones culminating in Grvt 2.0.
Street City, British Virgin Islands, October 22, 2026 – Grvt, a self-custodial buying and selling platform constructed by itself zero-knowledge (ZK) chain, introduced that the Basis’s token issuer has accomplished its first GRVT token buyback, buying and burning 1.1 million GRVT tokens on the open market.
The transaction completely eliminated near 1% of GRVT’s circulating provide on the time of buy. It marks the primary of 5 milestones forward of the deliberate launch of Grvt 2.0 on the finish of November 2026.
A discretionary buyback with on-chain verification
The Basis’s token issuer intends to conduct additional buybacks on a month-to-month foundation. Every transaction stays totally on the issuer’s discretion, with no predetermined buy quantity or assured schedule.
Buybacks are executed by means of an impartial execution companion, with bought tokens transferred to a delegated burn deal with and completely faraway from circulation.
The transactions will be independently verified by means of the public buyback dashboard, which information the variety of tokens bought and burned, the proportion of circulating provide represented, cumulative burns and on-chain transaction hashes.
“The GRVT token is a vital a part of the ecosystem we’re constructing,” mentioned Hong, co-founder and CEO of Grvt. “We welcome the issuer’s buybacks as an illustration of its long-term dedication to the ecosystem and group. Grvt is increasing its merchandise and markets, and the issuer’s buybacks sit alongside that as a supportive mechanism aimed toward lowering circulating token provide.”
Grvt outlines 4 product milestones
The announcement follows GRVT’s token era occasion in July 2026 and precedes a sequence of deliberate launches.
Grvt Earn, scheduled for the tip of October, will introduce yield alternatives backed by tokenized fixed-income property, with goal yields of as much as 11%. Returns are anticipated to derive from underlying asset money flows, together with curiosity, premiums and invoice-related revenue. Asset-supplying companions can be introduced at launch. Goal yields should not assured.
Secure Funding Perps, scheduled for November, will introduce perpetual futures linked to commodities, shares, overseas alternate and indices. The contracts are deliberate to hold zero buying and selling charges and use once-daily funding. Grvt goals to record greater than 1,000 markets by the tip of December 2026.
Yield as Margin, additionally scheduled for November, will enable eligible Grvt Earn balances to assist buying and selling positions whereas persevering with to accrue yield, topic to relevant product phrases and threat parameters.
Grvt 2.0, scheduled for the tip of November, will consolidate these capabilities right into a single self-custodial app, alongside a brand new identify, visible identification and the corporate’s 2027 roadmap.
Addressing idle capital
The growth follows a survey of Grvt merchants performed earlier in 2026. Six in ten respondents reported holding not less than 1 / 4 of their capital on the platform idle, whereas many reported transferring funds elsewhere to pursue yields of 8% or extra.
Grvt’s upcoming merchandise purpose to cut back the separation between incomes yield and deploying capital for buying and selling.
“Merchants shouldn’t have to decide on between placing their capital to work and holding it able to commerce,” Hong mentioned. “Grvt 2.0 is designed round a single self-custodial stability that may assist each actions.”
Based in 2022, Grvt at the moment helps perpetual futures throughout roughly 200 cryptocurrency and real-world asset markets.
The GRVT token launched in July 2026 and confers no possession, revenue or different financial rights.
Additional particulars can be found within the full announcement.
About Grvt
Grvt is a self-custodial buying and selling platform working by itself zero-knowledge chain. The platform helps cryptocurrency and real-world asset perpetual futures and is growing merchandise that enable eligible balances to earn yield whereas supporting buying and selling exercise.
Be taught extra at grvt.io.
Media contact
Lesner
Head of Advertising, Grvt
[email protected]
