Grvt Deploys $100M in Yield-Generating Token with Ondo Finance
Grvt, a decentralized exchange specializing in crypto derivatives, has announced a strategic partnership with Ondo Finance to deploy up to $100 million in USDY. This yield-bearing token is backed by US Treasury bills and offers a way for DeFi platforms to capture the yield from short-term government bonds without sacrificing liquidity or security.
The integration of USDY as collateral on Grvt will improve capital efficiency and system resilience, making it a strong signal for the real-world assets (RWA) sector. This partnership could redefine how decentralized exchanges manage their reserves and position Grvt as a key player in institutional DeFi.
Ondo Finance has established itself as the leader in tokenized US fixed-income assets, with over $1 billion in TVL. The deal represents a major validation of its model and strengthens its credibility among institutional players closely watching the RWA space.