GRVT burns 1.1 million tokens ahead of Grvt 2.0 launch

GRVT, a self-custodial trading platform operating on a zero-knowledge (ZK) chain, has completed its first token buyback. The Foundation’s token issuer purchased and burned 1.1 million GRVT tokens on the open market, a move that permanently removed approximately 1% of the circulating supply.

This action serves as the first of five planned milestones leading up to the launch of Grvt 2.0, which is scheduled for the end of November 2026. The issuer intends to conduct further discretionary monthly buybacks through an independent execution partner, with all transactions verifiable via a public on-chain dashboard.

In addition to the token burn, the platform is preparing for several product launches. This includes Grvt Earn, slated for late October, which aims to provide yield opportunities of up to 11% backed by tokenized assets.