The recent discretionary buyback by Grvt represents nearly 1% of the circulating supply, setting the stage for four upcoming product milestones leading up to the launch of Grvt 2.0.
Road Town, British Virgin Islands, October 22, 2026 – Grvt, the self-custodial trading platform on its own zero-knowledge (ZK) chain, has announced the completion of its first GRVT token buyback. The Foundation’s token issuer acquired and burned 1.1 million GRVT tokens from the open market, effectively removing close to 1% of the circulating supply at the time of purchase. This marks the beginning of a series of milestones leading up to the anticipated launch of Grvt 2.0 in late November 2026.
The Foundation’s token issuer plans to continue with monthly buybacks, with each transaction being entirely discretionary. The purchased tokens are transferred to a designated burn address, permanently reducing the circulating supply. These transactions can be verified through the public buyback dashboard, showcasing the number of tokens purchased and burned, percentage of circulating supply affected, cumulative burns, and on-chain transaction hashes.
Grvt’s co-founder and CEO, Hong, emphasized the importance of the GRVT token within the ecosystem and welcomed the issuer’s buyback initiative as a long-term commitment to the community. The buybacks align with Grvt’s expansion plans and aim to decrease the circulating token supply.
On-chain Verified Discretionary Buyback
The Foundation’s token issuer will conduct further buybacks at their discretion, with no predetermined amounts or fixed schedule. These buybacks are executed through an independent partner, ensuring transparency and accountability in the process.
Grvt has outlined four significant product milestones leading up to the launch of Grvt 2.0, including Grvt Earn, Stable Funding Perps, Yield as Margin, and the ultimate consolidation into Grvt 2.0 with enhanced features and a new visual identity.
Product Milestones and Future Developments
Grvt’s upcoming product launches aim to bridge the gap between earning yield and utilizing capital for trading activities, addressing the needs of the trading community. The platform is set to introduce innovative features and opportunities for traders to maximize their returns.
Enhancing Trading Experience and Capital Utilization
Grvt’s expansion and product developments are driven by feedback from traders, aiming to provide a seamless experience for users to earn yield and engage in trading activities without compromise. The upcoming Grvt 2.0 release will revolutionize the trading platform with a focus on user-centric design and functionality.
About Grvt
Grvt is a leading self-custodial trading platform operating on its proprietary zero-knowledge chain, offering a wide range of cryptocurrency and real-world asset perpetual futures. The platform is committed to delivering innovative solutions that empower traders and enhance their trading experience.
For more information, visit grvt.io.
Media Contact:
Lesner
Head of Marketing, Grvt
[email protected]