Grvt, a self-custodial trading platform built on its own zero-knowledge chain, announced that its Foundation's token issuer has completed its first GRVT token buyback, purchasing and burning 1.1 million GRVT tokens on the open market. The transaction permanently removed close to 1% of the token's circulating supply at the time of purchase.
The issuer intends to conduct further buybacks on a monthly basis, with each transaction executed through an independent execution partner. Purchased tokens are transferred to a designated burn address. All transactions can be independently verified through a public buyback dashboard that records purchase amounts, circulating supply percentages, cumulative burns, and on-chain transaction hashes.
Upcoming Product Milestones
The token burn marks the first of five planned milestones ahead of Grvt 2.0's launch at the end of November 2026. The platform is introducing several new capabilities:
- Grvt Earn (end of October) will offer yield opportunities backed by tokenized assets, with target yields of up to 11% derived from underlying asset cash flows including interest and premiums.
- Stable Funding Perps (November) will launch perpetual futures linked to commodities, stocks, foreign exchange, and indices with zero trading fees and once-daily funding. The platform aims 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.
- Grvt 2.0 (end of November) will consolidate these capabilities into a single self-custodial app alongside a new visual identity and 2027 roadmap.
Addressing Capital Utilization
The expansion follows a survey of Grvt traders conducted earlier in 2026 in which six in ten respondents reported keeping at least a quarter of their capital on the platform idle, with many moving funds elsewhere to pursue yields of 8% or more. Grvt's new products aim to reduce the separation between earning yield and deploying capital for trading within a single self-custodial balance.
Founded in 2022, Grvt currently supports perpetual futures across approximately 200 cryptocurrency and real-world asset markets. The GRVT token launched in July 2026.
