GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins
The discretionary buyback represents close to 1% of circulating supply and precedes four planned product milestones culminating in Grvt 2.0. Road Town, British Virgin Islands, October 22, 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. The transaction permanently removed close to 1% of GRVT’s circulating supply at the time of purchase. It marks the first of five milestones ahead of the planned launch of Grvt 2.0 at the end of November 2026. A discretionary buyback with on-chain verification The Foundation’s token issuer intends to conduct further buybacks on a monthly basis. 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. The transactions 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.” Grvt outlines four product milestones The announcement follows GRVT’s token generation event in July 2026 and precedes a series of planned launches. Grvt Earn, scheduled for the end of October, will introduce yield opportunities backed by tokenized fixed-income assets, with target yields of up to 11%.
Key Takeaways
- The discretionary buyback represents close to 1% of circulating supply and precedes four planned product milestones culminating in Grvt 2.0.
- Road Town, British Virgin Islands, October 22, 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.
- Read the full article for additional context and details.
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