ME News reports that on August 11 (UTC+8), the CeDeFi platform Grvt partnered with tokenization company Ondo Finance to establish $100 million in Ondo USDY positions over the next year. As part of this initiative, Grvt will integrate this yield-bearing asset into Grvt Earn, enabling the platform to hold and manage USDY on its balance sheet. (Source: Foresight News)
Grvt to Build a $100 Million Position in Ondo's USDY Treasury Token
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Summary
Grvt has announced plans to build a $100 million position in Ondo’s USDY treasury token over the next year, as part of a collaboration with MetaEra. The CeDeFi platform will integrate USDY into Grvt Earn, enabling it to hold and manage the yield-bearing token on its balance sheet. This move follows growing interest in new token listings and token launch announcements across the DeFi sector. Ondo Finance, a tokenization firm, will support the integration and position-building strategy.
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