CeDeFi platform Grvt is partnering with tokenization firm Ondo Finance to build a $100 million position in Ondo's USDY over the next year. USDY is a tokenized secured note primarily backed by short-term U.S. Treasurys, Treasury-based ETF shares, and bank deposits. It is currently the third-largest tokenized product of its kind, with approximately $2.14 billion in assets under management and an APY of about 3.5%.