TL;DR:
- Grvt companions with Ondo Finance to construct a $100 million place in USDY, the tokenized bond backed by U.S. Treasury securities.
- The platform will combine USDY into Grvt Earn and handle the asset by itself steadiness sheet, channeling an approximate 3.5% yield into its customers’ base price.
- With full deployment, the place would signify roughly 4.6% of USDY’s present AUM, which stands at round $2.14 billion in keeping with RWA.xyz.
Grvt, the CeDeFi platform working as a hybrid decentralized trade constructed on ZKsync, Ethereum’s scalability layer, introduced a partnership with Ondo Finance to construct a $100 million place in USDY over the subsequent 12 months. The deal represents a significant step towards integrating tokenized fastened earnings into on a regular basis monetary merchandise on the blockchain.
Grvt: Producing Yields With out the Trouble
The core mechanism of the settlement includes integrating USDY into Grvt Earn, the platform’s yield product. The platform will handle the asset immediately by itself steadiness sheet, that means customers don’t want to accumulate or handle the token themselves. The returns generated are channeled into the one base price that customers already obtain, including to different sources equivalent to platform revenues and lending by Aave.
100M.
That is the goal. We’re scaling our USDY place to $100M inside a 12 months, backing Grvt Earn with institutional-grade US Treasuries by our partnership with @Ondo https://t.co/7akCIeLFVP
— Grvt (@grvt_io) August 11, 2026
“We constructed Grvt Earn so customers can preserve their capital productive with out having to handle the underlying monetary plumbing,” mentioned Hong Yea, CEO of the corporate. “Collectively we’re making a mannequin the place a single steadiness sheet can draw from a number of monetary markets and, on the similar time, be able to commerce.”
USDY is a secured tokenized observe backed primarily by short-term U.S. Treasury bonds, Treasury-linked ETF holdings, and financial institution deposits. It at the moment ranks third amongst tokenized merchandise in its class, with roughly $2.14 billion underneath administration and round 15,626 holders, in keeping with knowledge from RWA.xyz. With a present APY of round 3.5%, a completely deployed place of $100 million would generate roughly $3.5 million in annualized gross yield.
The Tokenized Mounted Revenue Market Goes Mainstream
Many companies are betting on on-chain fastened earnings markets, a phase that has established itself as some of the mature inside tokenization. Merchandise equivalent to BlackRock’s BUIDL and Franklin Templeton’s BENJI cash market funds led the way in which, and Wall Road companies equivalent to JPMorgan and WisdomTree have launched or expanded their very own tokenized Treasury choices.
Grvt, which raised $19 million in a Sequence A spherical final September and just lately launched its personal token, seals this partnership as a scale guess aimed toward demonstrating that tokenized property can underpin on a regular basis monetary merchandise on the blockchain.
