Singapore, Singapore, October 20th, 2026, Chainwire

The discretionary buyback represents close to 1% of circulating supply and precedes four planned product milestones culminating in Grvt 2.0.

Grvt, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, announced that the Foundation’s token issuer has completed its first GRVT token buyback, purchasing and burning 1.1 million GRVT tokens on the open market.

The transaction permanently removed close to 1% of GRVT’s circulating supply at the time of purchase. It marks the first of five milestones ahead of the planned launch of Grvt 2.0 at the end of November 2026.

A Discretionary Buyback with On-Chain Verification

The Foundation’s token issuer intends to conduct further buybacks on a monthly basis. Each transaction remains entirely at the issuer’s discretion, with no predetermined purchase amount or guaranteed schedule.

Buybacks are executed through an independent execution partner, with purchased tokens transferred to a designated burn address and permanently removed from circulation.

The transactions can be independently verified through the public buyback dashboard, which records the number of tokens purchased and burned, the percentage of circulating supply represented, cumulative burns and on-chain transaction hashes.

“The GRVT token is an important part of the ecosystem we are building,” said Hong, co-founder and CEO of Grvt. “We welcome the issuer’s buybacks as a demonstration of its long-term commitment to the ecosystem and community. Grvt is expanding its products and markets, and the issuer’s buybacks sit alongside that as a supportive mechanism aimed at reducing circulating token supply.”

Grvt Outlines Four Product Milestones

The announcement follows GRVT’s token generation event in July 2026 and precedes a series of planned launches.Grvt Earn, scheduled for the End of October, will introduce yield opportunities backed by tokenized assets, with target yields of up to 11%. Potential returns are expected to derive from underlying asset cash flows, including interest, premiums and invoice-related income. Asset-supplying partners will be announced at launch. Target yields are not guaranteed.

Stable Funding Perps, scheduled for November, will introduce perpetual futures linked to commodities, stocks, foreign exchange and indices. The contracts are planned to carry zero trading fees and use once-daily funding. Grvt aims to list more than 1,000 markets by the end of December 2026.

Yield as Margin, also scheduled for November, will allow eligible Grvt Earn balances to support trading positions while continuing to accrue yield, subject to applicable product terms and risk parameters.

Grvt 2.0, scheduled for the End of November, will consolidate these capabilities into a single self-custodial app, alongside a new name, visual identity, and the company’s 2027 roadmap.

Addressing Idle Capital

The expansion follows a survey of Grvt traders conducted earlier in 2026. Six in ten respondents reported keeping at least a quarter of their capital on the platform idle, while many reported moving funds elsewhere to pursue yields of 8% or more.

Grvt’s upcoming products aim to reduce the separation between earning yield and deploying capital for trading.

“Traders shouldn’t have to choose between putting their capital to work and keeping it ready to trade,” Hong said. “Grvt 2.0 is designed around a single self-custodial balance that can support both activities.”

Founded in 2022, Grvt currently supports perpetual futures across approximately 200 cryptocurrency and real-world asset markets.

The GRVT token launched in July 2026 and confers no ownership, profit or other economic rights.

Further details are available in the full announcement.

About Grvt

Grvt is a self-custodial trading platform operating on its own zero-knowledge chain. The platform supports cryptocurrency and real-world asset perpetual futures and is developing products that allow eligible balances to earn yield while supporting trading activity.

Learn more at grvt.io.

Contact

Head of Marketing
Lesner Chua
GRVT ASIA PTE. LTD
lesner.chua@grvt.io

New cargo securement line combines one-touch release technology, automatic retraction, and reinforced webbing for professional and everyday hauling needs

Ningbo, China, 20th Oct 2026 – Towmax, a family-owned cargo securement brand, has announced the U.S. launch of its upgraded auto-retract ratchet strap series on Amazon, featuring a top-mounted one-touch release button, automatic webbing retraction, and reinforced polyester webbing. 

Designed for truckers, contractors, movers, and weekend haulers, the new line combines practical handling features with reinforced materials for repeated cargo securement and outdoor use.

The launch marks another step in Towmax’s commitment to developing practical cargo securement equipment. Combining single-handed release with thickened, double-stitched polyester webbing, the upgraded series is designed to simplify everyday handling while addressing the demands of repeated transport and outdoor use.

The defining feature is its top-mounted release button, positioned for convenient thumb access. According to Towmax, the design allows users to release strap tension with a single press, reducing the lifting and repositioning associated with conventional ratchet mechanisms. The accessible button placement is also intended to make operation more convenient when wearing work gloves.

Another key feature is the single-pull automatic retraction mechanism, which allows loose webbing to retract into the housing in one motion after unloading, reducing the need for manual winding.

Watch Towmax’s auto-retract ratchet straps in action to see how the top-release button and automatic retraction mechanism work.

Say goodbye to webbing breakage and jamming during webbing retraction！Towmax has introduced thickened, double-stitched polyester webbing engineered for greater resistance to cuts, abrasion, and UV exposure. The reinforced construction is intended to support repeated cargo handling, while coated steel hooks provide corrosion resistance for trailer, marine, and outdoor applications. A compact, rounded, ergonomic housing complements the design, offering a more comfortable grip and effectively prevents the webbing from jamming during retraction.

The upgraded series reflects the company’s broader approach to product development, which emphasizes durability, ease of use, and practical innovation.

Towmax says its family-owned manufacturing heritage spans more than 20 years, with knowledge of ratchet strap production passed down through generations. 

The company has continued expanding its cargo securement portfolio while focusing on products that address the everyday needs of transportation professionals and recreational users.

The upgraded Towmax Retractable Ratchet Straps represent the company’s latest effort to combine practical design improvements with durable cargo securement materials.

A Towmax representative commented on the motivation behind the new product line: “For too long, securing a load has meant sore hands, frayed webbing, and straps that refuse to coil back up. We built the auto-retract ratchet strap line because truckers, contractors, and weekend haulers deserve a tie-down that respects their time and their knuckles. Automatic retraction isn’t a gimmick — it’s the difference between fighting your gear and finishing the job.”

Alongside the newly launched series, Towmax offers additional cargo securement products through Amazon U.S. Its 1-inch by 12-foot retractable ratchet straps (4-pack) feature automatic retraction and are designed for motorcycles, trailers, and general cargo applications.

The company’s heavy-duty 20-foot ratchet straps with J-hooks offer another tie-down option for equipment transportation, featuring reinforced stitching and curved hooks for secure anchor connections.

For vehicle transportation, the Towmax wheel chock tie-down kit features bright green webbing and an E-track-compatible design intended to secure tires while limiting unnecessary suspension compression.

Towmax’s self-retracting ratchet strap series further reflects the brand’s focus on convenient strap handling and storage.

With the U.S. Amazon launch, Towmax aims to make its upgraded cargo securement solutions accessible to a broader audience while continuing to invest in practical product innovation.

About Towmax

Towmax is a family-owned cargo securement business based in Ningbo, China, with a manufacturing heritage spanning multiple generations. The company specializes in retractable ratchet straps, E-track systems, cargo tie-downs, and bungee cords for professional and recreational transportation applications.

According to the company, Towmax has more than 450 employees, operates a 50,000-square-foot factory, and generates annual sales exceeding $50 million. Its product development focuses on durability, versatility, and practical cargo securement solutions.

Contact Email: Mary20482@outlook.com

Media Contact

Organization: Towmax

Contact Person: Mary Yu

Website: https://www.towmaxgear.com/collections/all-products

Email: Send Email

City: Ningbo

Country: China

Release id: 50049

View source version on King Newswire:
Towmax Launches Auto-Retract Ratchet Straps on Amazon U.S. With Top Release Button

Internationally Acclaimed Performers Bring Laughter Beyond Language Barriers to Osaka, Building on the Momentum of Expo 2025 Osaka, Kansai

Osaka, Japan, 20th Oct 2026 — Bringing together internationally acclaimed performers and productions recognized at the Edinburgh Festival Fringe, OSAKA COMEDY FESTIVAL 2026 celebrated the universal language of laughter in Osaka’s Minami district from October 10 to 12. The international comedy festival showcased nonverbal comedy that transcends language barriers, while a program held in conjunction with the festival saw Cirque du Soleil hold its first-ever clown auditions in Japan. Organized as part of Osaka Prefecture and Osaka City’s efforts to sustain the momentum generated by Expo 2025 Osaka, Kansai, the festival welcomed a total of 73,658 attendees over three days. 

Organized by Osaka Prefecture, Osaka City and the Osaka Cultural Arts Project Executive Committee, the three-day festival took place at Namba Square and SPACE14 on the 14th floor of Shinsaibashi PARCO. Centered on nonverbal comedy, the program brought together performers and productions that have earned international recognition, offering audiences from Japan and abroad the chance to enjoy comedy without language barriers. The event was managed by Yoshimoto Kogyo Co., Ltd., a leading Japanese entertainment company and talent agency.

Bringing the Energy of Expo 2025 to Osaka’s Cultural Scene

OSAKA COMEDY FESTIVAL is part of the Osaka International Cultural Arts Project, an initiative designed to build on the international attention generated by Expo 2025 Osaka, Kansai, and sustain it through ongoing cultural and tourism exchanges.

The inaugural festival was held during Expo 2025. For its second edition, the festival took place in Minami, one of Osaka’s major entertainment and shopping districts, presenting three days of free street performances.

The festival sought to share Osaka’s distinctive comedy culture—traditionally represented by manzai, a form of Japanese double-act comedy, and rakugo, a traditional form of comic storytelling—with audiences around the world through physical and nonverbal comedy.

Festival Highlights and Attendance

– Total attendance: 73,658 over three days
– Street performances: Namba Square, October 10–12 (free admission)
– Theater performances: SPACE14, 14th floor of Shinsaibashi PARCO
・CHALLENGE: October 10, with two performances
・SKIT COMEDY SHOW: October 11
– Program held in conjunction with the festival: Cirque du Soleil Casting auditions, October 7–9

Internationally Acclaimed Performers Take the Stage

Cirque du Soleil Holds Its First-Ever Clown Auditions in Japan

As part of a program held in conjunction with the festival, Cirque du Soleil Casting conducted auditions in the clown and circus act categories. This marked the first time the company had held clown auditions in Japan.

Charlie Burrows, who oversees casting for all of Cirque du Soleil’s resident shows, traveled from Las Vegas to attend the auditions and took part in the opening ceremony on the festival’s first day. Reflecting on the performers he saw in Osaka, he said, “I saw so many wonderful performers in Osaka.”

THE TOKYO IDIOTS, Featuring Britain’s Got Talent Finalist TONY

THE TOKYO IDIOTS invite audience members onto the stage for a coordinated comedy routine.

THE TOKYO IDIOTS, a comedy unit featuring TONY (Tonikaku Akarui Yasumura), WES-P and GASSY (Koikuchi Ichikawa), took to the center stage at Namba Square.

TONY reached the finals of Britain’s Got Talent in 2023, while WES-P has appeared on Got Talent programs in more than 10 countries and regions. The trio have also appeared at the Edinburgh Festival Fringe, one of the world’s largest performing arts festivals, and received the “Sea of Laughter Award” at the Busan International Comedy Festival in South Korea.

Their coordinated routines, including a segment that brought audience members onto the stage, filled Namba Square with laughter and applause.

CHALLENGE: Five-Star-Rated Nonverbal Comedy at the Edinburgh Festival Fringe

 CHALLENGE, a nonverbal comedy production that received a five-star review at the 2024 Edinburgh Festival Fringe.

At SPACE14 on the 14th floor of Shinsaibashi PARCO, the festival presented CHALLENGE, a nonverbal comedy production that received a five-star review during the 2024 Edinburgh Festival Fringe.

Written, directed and produced by Akira Ishida of the Japanese comedy duo NON STYLE, the show incorporates distinctly Japanese elements, including sword-fighting choreography and kendama, a traditional Japanese skill toy. Through facial expressions, physical movement and music, the production tells its story without relying on dialogue.

The theater welcomed many international visitors. Following the performance, audience members shared reactions such as, “I’ve never seen a show like this before” and “It was much more fun than I expected.”

GABEZ, Known for Their Tokyo 2020 Olympic Pictogram Performance, Close the Festival

Namba Square, the venue for the festival’s free street performances. OSAKA COMEDY FESTIVAL 2026 drew a total of 73,658 attendees over three days.

Nonverbal performance duo GABEZ brought the festival’s final day to a close on the main stage. The duo are widely known for their pictogram performance at the opening ceremony of the Tokyo 2020 Olympic Games.

Combining pantomime, dance and audience participation, their performance drew enthusiastic applause from spectators of all ages, including children and international tourists, through to the finale.

Akira Ishida, Festival MC and Director of CHALLENGE, Shares His Vision

Akira Ishida of NON STYLE, festival MC and director of CHALLENGE.

Akira Ishida of NON STYLE, who served as the festival’s overall master of ceremonies and directed CHALLENGE, commented:

“We have performers here who can make people laugh without relying on words. I really hope audiences from overseas will find them funny, too!”

OSAKA COMEDY FESTIVAL to Continue in 2027 and Beyond

OSAKA COMEDY FESTIVAL is scheduled to continue in 2027 and beyond. Details of the next edition, including dates and program information, will be announced on the official website and social media channels as soon as confirmed.

Information for International Media

The festival’s international media contact team welcomes inquiries in both English and Japanese regarding:

– Media materials: Official photographs from all three days and daily highlight videos are available for news coverage of the event only. No credit line is required. Online use of video footage is limited to one video of no more than five minutes, with use permitted until December 31, 2026.
– Future coverage and interviews: Inquiries are welcome regarding coverage of the next edition and interviews with performers and event organizers.

Event Information

Event name: OSAKA COMEDY FESTIVAL 2026 (Part of the Osaka International Cultural Arts Project)
Dates: October 10 (Saturday)–12 (Monday, national holiday), 2026
Venues:

– Street performances: Namba Square, 5-1 Namba, Chuo-ku, Osaka
– Theater performances: SPACE14, 14th floor, Shinsaibashi PARCO, 1-8-3 Shinsaibashisuji, Chuo-ku, Osaka

Organizers: Osaka Prefecture, Osaka City and the Osaka Cultural Arts Project Executive Committee
Committee members: Osaka Prefecture, Osaka City, Osaka Chamber of Commerce and Industry, Osaka Convention & Tourism Bureau, and Kansai Tourism Bureau
Total attendance: 73,658
Official website: https://oc-fes.com
Official social media channels:
X: @osaka_comedyfes
Instagram: @osaka_comedy_festival

Media Inquiries

International Media Desk
Osaka Cultural Arts Project Operations Secretariat
International Public Relations (APOC Co., Ltd.)
Email: pr@apocc.co.jp
Tel: +81-3-6823-8848

Office hours: Weekdays, 10:00 a.m.–7:00 p.m. Japan Standard Time (UTC+9). Email inquiries are accepted 24 hours a day.
General Inquiries and Performance Information in Japan
Osaka Cultural Arts Project Operations Secretariat
Tel: 06-7177-6938 (weekdays, 10:00 a.m.–5:00 p.m. JST)
Email: info@oica-project.jp

Media Contact

Organization: Yoshimoto Kogyo Co., Ltd.

Contact Person: Satoko Kimura

Website: https://www.yoshimoto.co.jp

Email: Send Email

Address: 1-9-1 Dotonbori, Chuo-ku, Osaka-shi

City: Osaka

Country: Japan

Release id: 50054

View source version on King Newswire:
OSAKA COMEDY FESTIVAL 2026 Draws 73,658 Attendees, Cirque du Soleil’s First Clown Auditions in Japan