Ondo and Grvt Plan $100M USDY Allocation for On-Chain Treasury Yields

Ondo Finance partners with Grvt to deploy $100M in USDY over one year, integrating yields into Grvt Earn without requiring separate token purchases by users.

Woofun AI reports that Ondo Finance has partnered with ZKsync-based hybrid trading platform Grvt to establish a $100 million USDY portfolio within the next year. Under this agreement, Grvt will integrate USDY into its 'Grvt Earn' product, holding the assets on its balance sheet and distributing associated yields directly to users as part of the unified base yield, eliminating the need for separate USDY purchases. USDY, a tokenized security backed by short-term Treasury bonds and bank deposits, currently holds an AUM of $2.14 billion with approximately 15,600 holders.