Grvt Targets $100 Million USDY Position in Ondo Tie-Up

Grvt operates a crypto trading and onchain wealth platform, while Ondo Finance specializes in tokenizing real-world assets. USDY, the focus of their partnership, is a tokenized secured note backed primarily by short-term US Treasuries, Treasury exchange-traded funds and bank deposits. The product gives eligible blockchain investors exposure to yield from traditional dollar assets and reflects the expanding role of tokenized Treasuries in crypto markets.

Grvt said on Aug. 11, 2026, that it had partnered with Ondo Finance and planned to build a USDY position of as much as $100 million. The figure represents a proposed allocation rather than a completed investment. If fully deployed, the position would broaden USDY’s use across crypto trading and yield products while supporting Grvt’s push to develop a more comprehensive onchain wealth-management platform.