GLOBAL RESERVE TOKEN PROTOCOL

A world within
one token.

An open protocol for a reserve of the world’s assets, in one token. Shares in the biggest companies, government debt and corporate credit, gold and Bitcoin, oil, grain and metals, and real estate. All crafted by the community.

Diversified by design. Guided by community.

GoldNvidiaOilToyotaData centersAppleWheatNetflixUS Treasury billsCopperApartmentsNatural gasShellBitcoinMcDonald’sSugarSAP
SilverMicrosoftWarehousesGasolineAlibabaBroadcomSoybeansGoogleCell towersNikeXiaomiAluminumMetaCorporate loansMastercardShopping mallsTeslaUnilever

01 / THE RESERVE

Strength in
the bigger picture.

The protocol sets the rules for minting, redeeming and changing the reserve. This is its current composition; VORA holders can change its tokens and weights.

GLOBAL RESERVE TOKEN
THE GLOBAL RESERVEGReTMany forms of value.
A WORLD OF EXPOSURE

7 asset classes. 4 providers. One token.

One share.

The world, in proportion

CURRENT ALLOCATION
$USD

Current weights. Amounts divide a hypothetical value using these weights; they do not use market prices or reflect the reserve’s live balances.

THE BASKET OVER TIME

The whole, over time.

How the current allocation would have moved, simulated with each token’s underlying asset and returned to those weights every month.

Compare with
SIMULATED GReT BASKET · Total return+93.7%

Oct 19, 2020 – Oct 19, 2026
$1,000 would have become $1,937.

Annualized
+11.7%
Max drawdown
−11.7%
Volatility
7.4%
GReT basket+93.7%Monthly rebalanceHYPOTHETICAL · UNDERLYING ASSETS

View yearly returns
YearGReT basket
2020*+7.2%
2021+11.2%
2022−4.7%
2023+13.6%
2024+15.0%
2025+20.0%
2026*+8.8%

* Partial year, within the selected period.

Hypothetical simulation using each component’s underlying asset: the tokens themselves are more recent. Daily adjusted closes from Yahoo Finance through Oct 19, 2026, with distributions reinvested and sampled weekly, so drawdowns between closes may be slightly deeper. Gold uses front-month COMEX futures (GC=F) as a proxy for the spot price. Comparisons use the same data: SPY for the S&P 500, BTC/USD for Bitcoin, GC=F for gold and SGOV and BIL in equal parts for US Treasuries. The basket starts at the current weights and returns to them at every month-end close. Those weights were set in October 2026 and are applied retroactively. Excludes tokenization, trading and gas costs, taxes and tracking differences between tokens and their underlying assets. Past performance does not predict future results. Underlying assets: ITOTon → ITOT · SPYx → SPY · EFAon → EFA · IEMGon → IEMG · SGOVon → SGOV · BILon → BIL · JAAAx → JAAA · PAXG → GC=F · cbBTC → BTC/USD · VNQon → VNQ · DBCon → DBC.

LOOK THROUGH THE TOKEN

Know what’s inside.

The tokens in GReT’s current composition
TOKEN / UNDERLYINGWHAT IT CONTAINSISSUER / TOKENIZERWEIGHTDetails
ITOToniShares Core S&P Total U.S. Stock Market ETF
Global equities

US stocks across large, mid and small companies, extending beyond the S&P 500.

Tokenized byOndo7.5%
SPYxState Street SPDR S&P 500 ETF Trust
Global equities

The S&P 500’s large US companies, spanning technology, healthcare, financials and other sectors.

Tokenized byBacked / xStocks7.5%
EFAoniShares MSCI EAFE ETF
Global equities

Large and mid-sized companies in developed markets, excluding the US and Canada.

Tokenized byOndo7.5%
IEMGoniShares Core MSCI Emerging Markets ETF
Global equities

Large, mid and small companies in emerging markets, including China, India, Taiwan and South Korea.

Tokenized byOndo2.5%
SGOVoniShares 0–3 Month Treasury Bond ETF
Short-term Treasuries

US Treasury securities with remaining maturities of up to three months.

Tokenized byOndo10%
BILonSPDR Bloomberg 1–3 Month T-Bill ETF
Short-term Treasuries

US Treasury bills with remaining maturities between one and three months.

Tokenized byOndo10%
JAAAxJanus Henderson AAA CLO ETF
Corporate credit / AAA CLOs

Primarily AAA-rated slices of securities backed by pools of corporate loans, through the JAAA ETF.

Tokenized byBacked / xStocks20%
PAXGPAX Gold
Physical gold

One fine troy ounce of allocated London Good Delivery gold per PAXG token.

Tokenized byPaxos20%
cbBTCCoinbase Wrapped BTC
Bitcoin

Bitcoin held in Coinbase custody, backing cbBTC on a 1:1 basis.

Tokenized byCoinbase2.5%
VNQonVanguard Real Estate ETF
Real estate

US REITs and real estate companies exposed to properties such as retail, industrial and residential buildings.

Tokenized byOndo2.5%
DBConInvesco DB Commodity Index Tracking Fund
Commodities

Futures on energy, metals and agricultural commodities, alongside collateral holdings.

Tokenized byOndo10%
Current composition. One reserve.100%

Weights describe the current allocation, not the reserve’s live balances. Fund portfolios change; official sources are linked in each detail view. Token rights differ from directly holding the underlying security. Real estate is a separate allocation here, but REITs also carry equity risk; broad equity funds may already hold real estate companies.

02 / BEHIND THE RESERVE

Many sources.
A shared reserve.

In the current composition, four issuers and tokenization providers connect the reserve to its underlying assets. Explore their roles and the exposure each brings.

BEHIND THE TOKEN

Ondo

Ondo Global Markets brings stock and ETF exposure onchain. Seven components connect the reserve to funds from iShares, State Street, Vanguard and Invesco, through a shared tokenization provider.

Explore the provider
ISSUER / TOKENIZATION PROVIDERTARGET WEIGHT

Understanding provider exposure.

Weights show the current allocation by tokenization provider. Ondo accounts for the largest share. Different underlying funds can share an issuer or custodian, so diversification across assets does not eliminate shared provider risk.

03 / SIMPLE AT ITS CORE

Behind every token,
a real reserve.

GReT is one token backed by a basket of others. Here is what that means for you.

New to blockchain? Understand the basics in two minutes.
01

Hold GReT in your crypto wallet.

Get it like any other token, no basket needed. It is a standard ERC-20: send it, trade it or use it in DeFi apps that support it, such as lending protocols that accept it as collateral.

02

Own a share of everything.

Each GReT represents a proportional share of every token in the reserve. They sit in a public smart contract on Ethereum, open source, so anyone can check what backs GReT at any moment.

03

Move with the world economy.

GReT’s value in US dollars moves with what it holds: when the world economy rises or falls, so does GReT. Its market price can also sit slightly above or below that value.

04 / A SHARED FUTURE

A common reserve.
A collective voice.

The reserve’s composition is not fixed. VORA, GReT’s governance token, gives holders a voice to propose changes, discuss them and vote, within the protocol’s permissions.

Meet VORA
HOW A DECISION WORKS
ProposalProtocol decisions

An idea, out in the open.

A holder puts forward a proposal, for example:

  • Add a new token to the basket
  • Change a token’s weight
  • Remove a token
  • Replace a token with another issuer’s version
OPEN FOR DISCUSSION

Example of a community decision.

THERE’S A BIGGER HORIZON

The world keeps moving.
Your perspective should, too.

The global economy is bigger than one currency, one market or one issuer. GReT is an open protocol: a way to save that reflects that breadth, with a visible composition and shared decisions.

01Diversification02Transparency03Community

A LITTLE MORE CLARITY

Good questions.

The essentials to get started. Explore the guide for what to contribute and what redemption returns.

Read the docs
What is GReT?

An open protocol for an onchain reserve. Each GReT token represents a proportional share of what the reserve holds. Its current composition brings together global equities, government debt, corporate credit, gold, Bitcoin, real estate and commodities; VORA holders can change it.

Is it a stablecoin?

No. GReT does not target a fixed dollar peg. The value of a share changes with the basket’s assets. Diversification does not guarantee capital preservation or protection against inflation.

How is the reserve’s composition decided?

It is decided by holders of VORA, GReT’s governance token. Someone proposes a change, such as adjusting a weight, adding a token or removing one; VORA holders vote on it and, if approved, it is carried out within the vault’s rules.

See how it works
Do I need to verify my identity?

GReT itself does not require KYC. Issuers and services used to source components may require it and restrict transfers or redemption.

See how it works
Do I need to mint to hold GReT?

No. Any wallet can buy GReT on the secondary market without minting. Selling doesn’t require redeeming either: in DeFi pools such as Uniswap, where there is liquidity, any holder can buy and sell GReT for USDC.

See how it works
Does buying GReT make me eligible to redeem?

Not automatically: the same wallet must have completed a full-basket mint. Redemption returns constituent assets, subject to restrictions and availability. A prior mint is not legal verification.

See how it works

GLOBAL RESERVE TOKEN

The next chapter in finance
is a collective one.

GLOBAL RESERVE TOKEN

An open protocol to take part in the global economy.

Most savings sit in a single currency, and inflation wears away what they can buy, year after year. Global Reserve Token began with a question: if we could design the best place to keep our savings from scratch, what would it hold?

Imagine owning a small piece of the whole world economy: the companies building artificial intelligence, the world’s carmakers, gold and silver, oil and grain, US Treasury bills. All of it in a single transaction, starting from small amounts.

For a long time, a portfolio this broad has been within reach of only a few, behind brokers, account minimums and local markets. GReT aims to open it up to many more people, in one token.

No central company should decide what the reserve holds. Changes are proposed and voted on by its community through VORA: a reserve governed by the world, for the world.

It is not a promise of returns. What GReT holds can lose value, and it rises and falls with the world economy.