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[PRESS RELEASE – Singapore, Singapore, October 20th, 2026]<\/strong><\/p>\n The discretionary buyback represents close to 1% of circulating supply and precedes four planned product milestones culminating in Grvt 2.0.<\/strong><\/p>\n Grvt<\/a>, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, announced that the Foundation’s token issuer has completed its first GRVT token buyback, purchasing and burning 1.1 million GRVT tokens on the open market.<\/p>\n The transaction permanently removed close to 1% of GRVT’s circulating supply at the time of purchase. It marks the first of five milestones ahead of the planned launch of Grvt 2.0 at the end of November 2026.<\/p>\n A Discretionary Buyback with On-Chain Verification<\/strong><\/p>\n The Foundation’s token issuer intends to conduct further buybacks on a monthly basis. Each transaction remains entirely at the issuer’s discretion, with no predetermined purchase amount or guaranteed schedule.<\/p>\n Buybacks are executed through an independent execution partner, with purchased tokens transferred to a designated burn address and permanently removed from circulation.<\/p>\n The transactions can be independently verified through the public buyback dashboard<\/a>, which records the number of tokens purchased and burned, the percentage of circulating supply represented, cumulative burns and on-chain transaction hashes.<\/p>\n “The GRVT token is an important part of the ecosystem we are building,” said Hong, co-founder and CEO of Grvt<\/strong>. “We welcome the issuer’s buybacks as a demonstration of its long-term commitment to the ecosystem and community. Grvt is expanding its products and markets, and the issuer\u2019s buybacks sit alongside that as a supportive mechanism aimed at reducing circulating token supply.”<\/p>\n<\/blockquote>\n Grvt Outlines Four Product Milestones<\/strong><\/p>\n The announcement follows GRVT’s token generation event in July 2026 and precedes a series of planned launches.<\/p>\n Grvt Earn, scheduled for the End of October,<\/strong> will introduce yield opportunities backed by tokenized assets, with target yields of up to 11%. Potential returns are expected to derive from underlying asset cash flows, including interest, premiums and invoice-related income. Asset-supplying partners will be announced at launch. Target yields are not guaranteed.<\/p>\n Stable Funding Perps, scheduled for November,<\/strong> will introduce perpetual futures linked to commodities, stocks, foreign exchange and indices. The contracts are planned to carry zero trading fees and use once-daily funding. Grvt aims to list more than 1,000 markets by the end of December 2026.<\/p>\n Yield as Margin, also scheduled for November,<\/strong> will allow eligible Grvt Earn balances to support trading positions while continuing to accrue yield, subject to applicable product terms and risk parameters.<\/p>\n Grvt 2.0, scheduled for the End of November,<\/strong> will consolidate these capabilities into a single self-custodial app, alongside a new name, visual identity, and the company’s 2027 roadmap.<\/p>\n Addressing Idle Capital<\/strong><\/p>\n The expansion follows a survey of Grvt traders conducted earlier in 2026. Six in ten respondents reported keeping at least a quarter of their capital on the platform idle, while many reported moving funds elsewhere to pursue yields of 8% or more.<\/p>\n Grvt’s upcoming products aim to reduce the separation between earning yield and deploying capital for trading.<\/p>\n “Traders shouldn’t have to choose between putting their capital to work and keeping it ready to trade,” Hong said. “Grvt 2.0 is designed around a single self-custodial balance that can support both activities.”<\/p>\n<\/blockquote>\n Founded in 2022, Grvt currently supports perpetual futures across approximately 200 cryptocurrency and real-world asset markets.<\/p>\n The GRVT token launched in July 2026 and confers no ownership, profit or other economic rights.<\/p>\n Further details are available in the full announcement<\/a>.<\/p>\n About Grvt<\/strong><\/p>\n Grvt is a self-custodial trading platform operating on its own zero-knowledge chain. The platform supports cryptocurrency and real-world asset perpetual futures and is developing products that allow eligible balances to earn yield while supporting trading activity.<\/p>\n Learn more at grvt.io<\/a>.<\/p>\n The post GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
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