GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins
Summary
Grvt’s token issuer says it bought and burned 1.1 million GRVT tokens, close to 1% of circulating supply, in its first discretionary buyback. It plans further monthly buybacks, but purchases are not guaranteed or set in advance. The burn can be checked on a public dashboard. The announcement comes ahead of planned product launches: Grvt Earn, targeting yields up to 11% from tokenized fixed-income assets; perpetual futures for commodities, stocks, currencies and indices; and a feature letting eligible yield-bearing balances support trading. Grvt plans to combine these products in its self-custodial Grvt 2.0 app by the end of November 2026. GRVT launched in July and carries no ownership or profit rights.
