October 20, 2026 — Grvt, 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 (announcement link).
The transaction permanently removed tokens equivalent to nearly 1% of GRVT's circulating supply at the time of purchase. This marks the first of five milestones ahead of Grvt's planned launch of Grvt 2.0 by the end of November 2026.
Discretionary Buybacks with On-Chain Verification
The foundation's token issuer plans to conduct buybacks monthly going forward. Each buyback is entirely at the issuer's discretion, with no predetermined purchase amount and no guarantee of execution on a fixed schedule.
Buybacks are executed through an independent trading execution partner, and purchased tokens are transferred to a designated burn address, permanently removing them from circulation.
The public can independently verify transactions through a public buyback data dashboard. The dashboard records the number of tokens purchased and burned, the percentage of circulating supply, cumulative burn volume, and on-chain transaction hashes.
"The GRVT token is a vital part of the ecosystem we are building," said Hong, co-founder and CEO of Grvt. "We welcome the issuer's buybacks, which reflect its long-term commitment to the ecosystem and community. Grvt is expanding its products and markets, and the issuer's buybacks serve as a complementary support mechanism aimed at reducing the token's circulating supply."
Grvt Unveils Four Product Milestones
The announcement follows GRVT's token generation event (TGE) completed in July 2026, with the platform planning to roll out a series of products in the coming months.
Grvt Earn is scheduled to launch at the end of October, offering yield opportunities backed by tokenized fixed-income assets with target yields of up to 11%. Expected returns will come from the underlying assets' cash flows, including interest, premiums, and invoice-related income. Partners providing the assets will be announced at product launch. Target yields are not guaranteed.
Stable Funding Perps is scheduled to launch in November and will introduce perpetual contracts linked to commodities, equities, forex, and indices. These contracts are planned to carry zero trading fees, with funding settled once daily. Grvt aims to list more than 1,000 trading markets by the end of December 2026.
Yield as Margin, also scheduled to launch in November, will allow eligible Grvt Earn balances to support margin for trading positions while continuing to accrue yield, subject to applicable product terms and risk parameters.
Grvt 2.0 is scheduled to launch at the end of November and will integrate the above features into a single self-custodial app, alongside the unveiling of a new name, visual identity, and the company's 2027 roadmap.
Improving the utilization of idle capital
The product expansion stems from a survey of platform traders that Grvt conducted in early 2026. Six in ten respondents said at least a quarter of their funds on the platform were sitting idle; many others said they move funds to other platforms in pursuit of yields of 8% or higher.
Grvt's upcoming products are designed to reduce the divide between earning yield and deploying capital for trading.
"Traders should not be forced to choose between putting their capital to work earning yield and having it ready to trade," Hong said. "Grvt 2.0 is designed around a single self-custodial account balance, enabling the same capital to support both activities at once."
Founded in 2022, Grvt currently supports perpetual contract trading across roughly 200 crypto and real-world asset markets.
The GRVT token launched in July 2026 and confers no ownership, profit-sharing, or other economic rights on holders.
For more details, please refer to the full announcement.
About Grvt
Grvt is a self-custodial trading platform running on its own zero-knowledge proof chain. The platform supports perpetual contract trading in crypto and real-world assets and is developing products that enable eligible account balances to earn yield while supporting trading activity.
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