Ondo Finance and Grvt plan to build a $100 million position in USDY over the next 12 months, using the tokenized Treasury product inside Grvt Earn to pass real-world, Treasury-linked returns through the platform's base yield. Grvt, a ZKsync-based hybrid decentralized exchange, will hold and manage USDY directly on its balance sheet so users can receive the yield without buying, bridging or handling the token themselves. The companies said the structure is designed to remove retail onboarding and compliance friction while letting eligible deposits continue serving as derivatives collateral and earn yield at the same time. USDY is described as a tokenized note backed by short-term U.S. Treasuries, Treasury ETFs and regulated demand deposits, with yield reflected through changes in redemption value rather than a static peg. Data cited in the announcement put USDY's assets under management at about $2.14 billion, implying Grvt's full allocation would amount to roughly 4.6% of the product's current size. The baseline return tied to the integration is estimated at about 3.5% APY, underscoring a wider push across crypto markets to combine onchain trading infrastructure with tokenized real-world assets and interest rates from traditional finance.