Grvt collaborates with Ondo Finance to allocate 100 million USDY

According to The Block, Grvt announced a partnership with the tokenization company Ondo Finance, planning to establish a $100 million USDY position over the next year. USDY is a tokenized yield product primarily anchored to short-term U.S. Treasury assets.

Grvt will integrate USDY into Grvt Earn, with the platform holding and managing the related assets on its balance sheet, and approximately 3.5% yield will be credited to users' existing base earnings, allowing users to avoid directly holding the token. This move reflects the continued institutional commitment to on-chain fixed income and the tokenization of real-world assets.