SINGAPORE, Oct. 20, 2026 (Chainwire) — 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 on the open market. The transaction permanently removed close to 1% of the token's circulating supply at the time of purchase.

Buyback-and-burn programs are a common supply-management mechanism among token issuers, and unlike issuer statements alone, their effect can be checked directly on-chain because tokens sent to a burn address are unrecoverable.

The burn is the first of five milestones ahead of the planned launch of Grvt 2.0 at the end of November 2026, and precedes four scheduled product releases leading up to that launch.

A Discretionary Buyback with On-Chain Verification

The Foundation's token issuer intends to carry out further buybacks on a monthly basis. Each transaction remains entirely at the issuer's discretion, with no predetermined purchase amount or guaranteed schedule — making the monthly cadence a stated intention rather than a binding commitment, with the program's actual pace to be observed through executed burns. Buybacks are executed through an independent execution partner, and purchased tokens are transferred to a designated burn address, permanently removing them 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."

Four Product Milestones Ahead of Grvt 2.0

The announcement follows GRVT's token generation event in July 2026 and precedes a series of planned launches:

• Grvt Earn (end of October): Yield opportunities backed by tokenized assets, with target yields of up to 11%. Potential returns are expected to derive from underlying asset cash flows, including interest, premiums, and invoice-related income. Asset-supplying partners will be announced at launch, a disclosure that will identify the counterparties behind the product's target returns. Target yields are not guaranteed.
• Stable Funding Perps (November): Perpetual futures linked to commodities, stocks, foreign exchange, and indices. The contracts are planned to carry zero trading fees and use once-daily funding, a cadence that differs from the more frequent funding settlements typical of cryptocurrency perpetual futures. Grvt aims to list more than 1,000 markets by the end of December 2026.
• Yield as Margin (November): Eligible Grvt Earn balances will be able to support trading positions while continuing to accrue yield, subject to applicable product terms and risk parameters. The feature addresses a long-standing friction in derivatives trading, where capital posted as margin typically sits unproductive.
• Grvt 2.0 (end of November): A single self-custodial app consolidating these capabilities, alongside a new name, visual identity, and the company's 2027 roadmap.

Taken together, the roadmap offers a series of dated checkpoints for observers: the Grvt Earn partner announcement at the end of October, two product releases in November, and a listing target of more than 1,000 markets by the end of December 2026.

Addressing Idle Capital

The expansion follows a survey of Grvt traders conducted earlier in 2026. Six in ten respondents reported keeping at least a quarter of their capital on the platform idle, while many reported moving funds elsewhere to pursue yields of 8% or more — a pattern that reflects the broader tension of holding trading capital ready without it earning anything in the meantime. Grvt's upcoming products aim to reduce the separation between earning yield and deploying capital for trading.

"Traders shouldn't have to choose between putting their capital to work and keeping it ready to trade," Hong said. "Grvt 2.0 is designed around a single self-custodial balance that can support both activities."

Founded in 2022, Grvt currently supports perpetual futures across approximately 200 cryptocurrency and real-world asset markets. The GRVT token launched in July 2026 and confers no ownership, profit, or other economic rights — a structure that distinguishes supply-reducing moves like this burn from equity buybacks, which return capital to shareholders. Further details are available in the full announcement.

About Grvt

Grvt is a self-custodial trading platform operating on its own zero-knowledge chain. The platform supports cryptocurrency and real-world asset perpetual futures and is developing products that allow eligible balances to yield while supporting trading activity. Learn more at grvt.io.

Media contact: Lesner Chua, Head of Marketing, GRVT ASIA PTE. LTD, lesner.chua@grvt.io