Grvt, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, announced that the Foundation’s token issuer completed its first GRVT token buyback—purchasing and burning 1.1 million GRVT tokens on the open market.
The transaction permanently removed nearly 1% of GRVT’s circulating supply at the time of purchase, marking the first of five milestones ahead of the planned Grvt 2.0 launch at the end of November 2026.
A Discretionary Buyback, Verifiable On-Chain
The Foundation’s token issuer intends to conduct further buybacks monthly. Each transaction remains entirely at the issuer’s discretion, with no predetermined purchase amount or guaranteed schedule.
Buybacks are executed through an independent execution partner, with purchased tokens transferred to a designated burn address and permanently removed from circulation. Every transaction can be independently verified through the public buyback dashboard, which records the number of tokens purchased and burned, the percentage of circulating supply represented, cumulative burns, and on-chain transaction hashes.
“The GRVT token is an important part of the ecosystem we are building,” said Hong, co-founder and CEO of Grvt. “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’s buybacks sit alongside that as a supportive mechanism aimed at reducing circulating token supply.”
Four Product Milestones Ahead
The buyback follows GRVT’s token generation event in July 2026 and precedes a series of planned launches:
Grvt Earn (end of October) will introduce yield opportunities backed by tokenized assets, with target yields of up to 11%. Potential returns are expected to come from underlying asset cash flows—including interest, premiums, and invoice-related income—with asset-supplying partners announced at launch. Target yields are not guaranteed.
Stable Funding Perps (November) will bring perpetual futures linked to commodities, stocks, foreign exchange, and indices. The contracts are planned to carry zero trading fees and use once-daily funding, with Grvt aiming to list more than 1,000 markets by the end of December 2026.
Yield as Margin (November) will allow eligible Grvt Earn balances to support trading positions while continuing to accrue yield, subject to applicable product terms and risk parameters.
Grvt 2.0 (end of November) will consolidate these capabilities into a single self-custodial app, alongside a new name, visual identity, and the company’s 2027 roadmap.
Addressing Idle Capital
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 idle on the platform, while many said they moved funds elsewhere to pursue yields of 8% or more.
Grvt’s upcoming products aim to close the gap between earning yield and deploying capital for trading.
“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.”
Founded in 2022, Grvt currently supports perpetual futures across approximately 200 cryptocurrency and real-world asset markets. The GRVT token launched in July 2026 and confers no ownership, profit, or other economic rights. Further details are available in the full announcement.
About Grvt
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 let eligible balances earn yield while supporting trading activity.